IGI guides 15% revenue, 20% EBITDA growth for FY27 on diamond, lab-grown surge
International Gemological Institute posted Q4 revenue of ₹368.5 cr and PAT of ₹179.5 cr at 64% margin. Management sees FY27 lifted by natural diamond certifications (18% of business), a 35-40% jump in lab-grown certifications, and the AGL acquisition broadening its gemstone footprint from Mumbai.
What happened
International Gemological Institute · IGI guides for 15% revenue and 20% EBITDA growth in FY27, driven by natural diamond certifications and a 35-40% surge in
Key facts
- 15% revenue growth FY27
- 20% EBITDA growth FY27
- Q4 revenue ₹368.5 cr
- PAT ₹179.5 cr
- margin 64%
- natural diamonds 18% of business
- lab-grown growth 35-40%
- market cap ₹16,033 cr
- stock ₹371
Why this matters
The AGL acquisition extends IGI beyond diamonds into colored gemstones, suggesting a roll-up thesis where further regional lab tuck-ins could deepen the global certification moat.