IG

International Gemological Instit

Q3 FY26Commercial Services & Supplies

International Gemological Instit Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹344
Market cap₹14.7K Cr
P/E24.1
Updated26 Aug 2026
Read4 min read

The short version

IGI expects continued robust growth in lab-grown diamond segment, supported by significant capacity additions by manufacturers and emerging lab-grown jewellery trend in India. The company expects to repeat its strong performance from 2025 into 2026, supported by robust industry tailwinds.

From International Gemological Instit's Q3 FY26 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

  • IGI expects continued robust growth in lab-grown diamond segment, supported by significant capacity additions by manufacturers and emerging lab-grown jewellery trend in India.
  • Volume growth target is around 15%-20% annually, maintaining earlier strong growth momentum despite seasonal fluctuations.
  • Revenue growth driven by both volume and stable average selling price (ASP), with no expected significant structural changes in pricing for lab-grown diamonds (ASP ~ ₹900-950).
  • Natural diamond certifications are also growing strongly (45% growth in Q4 '25), driven by increased certification to assure origin amid rising lab-grown awareness.
  • Lab-grown diamond certification volume expected to double in next three years due to capacity expansions and retail penetration.

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Profitability & Margins

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Capital Expenditure Plans

  • IGI is continuously evaluating M&A (merger and acquisition) options as part of its capital allocation strategy.
  • Future capital allocation will be a combination of dividends to shareholders and potential acquisitions.
  • The company is reinvesting resources into building organizational capability and strength, particularly in the US market, including building a strong sales organization.

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Top-ranked in Commercial Services & Supplies

Ranked on what management guided this quarter

Guidance-ranked
1Happy Square
Rev 1Mar 1
Rev 2Mar 1
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

The transcript in the provided pages does not explicitly mention the current or expected order book or pending orders for International Gemmological Institute (IGI) India Limited. However, relevant insights include: - Volume and revenue growth indicate strong demand and order flow: 21% year-on-year volume growth (12.81 million reports in 2025 vs. 10.57 million in 2024). - Continued mass hiring to support scaling volumes suggests a healthy pipeline. - The company is experiencing exponential growth in certification volumes, especially for natural diamonds (ND) and lab-grown diamonds (LGD). - Efforts to optimize turnaround times and customer experience indicate sustained order intake.

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International Gemological Instit — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹369 Cr, net profit ₹180 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were International Gemological Instit Q3 FY26 results?

IGI expects continued robust growth in lab-grown diamond segment, supported by significant capacity additions by manufacturers and emerging lab-grown jewellery trend in India. The company expects to repeat its strong performance from 2025 into 2026, supported by robust industry tailwinds.

What is International Gemological Instit share price analysis?

International Gemological Instit currently shows a neutral. The stock trades at a P/E of 24.1 with a market cap of ₹14,719 Cr. Investors should review the full earnings analysis for detailed insights.

Is International Gemological Instit planning capital expenditure?

IGI is continuously evaluating M&A (merger and acquisition) options as part of its capital allocation strategy.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.