Mumbai : International Gemmological Institute (India) Limited (IGI), one of the world’s largest independent grading and accreditation services providers, reported strong performance in the quarter and half-year ended June 30, 2025.

The company has reported 16% growth in revenues and 37% growth in EBITDA on a year-on-year basis, driven by strong growth momentum across all its key business segments, viz, natural diamonds, lab-grown diamonds, jewelry and gemstones.

Consolidated revenue from operations for the quarter stood at INR 3,009 Mn and EBITDA stood at INR 1,735 Mn. The EBITDA margin has improved from 49% in Q2 2024 to 58% in Q2 2025. PAT for Q2 2025 was reported as INR 1,265 Mn, a growth of 63% on a year-on-year basis, with PAT margins at 42% vs 30% in Q2 2024.

For the Half year ended June 2025, the Company has reported 13% growth in revenues from operations and 23% growth in EBITDA in H1 2025 when compared with H1 2024. EBITDA margins are up from 56% in H1 2024 to 61% in H1 2025. The consolidated PAT for H1 2025 stood at INR 2,673 Mn, showed a 31% increase over H1 2024, with margins up from 38% in H1 2024 to 44% in H1 2025

Key financial highlights – IGI Consolidated (INR in MN):

QuarterQ2 2024Q2 2025YOY Growth %
Revenue2,6003,00916%
PBT1,1401,75053%
PAT7781,26563%
EBITDA1,2681,73537%
EPS (Basic)1.962.9249%

Tehmasp Printer, Managing Director and CEO of IGI said, “I am happy to report the Company has seen strong growth momentum across all its segments compared to previous quarter.

For over a century, the 4Cs—cut, color, clarity, and carat—have served as the universal language of diamond quality. At IGI, we uphold these standards not out of convention, but out of a deep respect for the consumer’s right to make informed decisions and feel confident in every purchase. Modern consumers are increasingly discerning—they demand transparency, authenticity, and traceability. In today’s market, identifying the origin of a diamond—whether natural or lab-grown—has become critically important, both for ethical assurance and value clarity.

At IGI, we have gone beyond the traditional 4Cs and have introduced a proprietary ‘Light Performance Analysis’ which is a scientific assessment that measures how a diamond interacts with light. This would provide a deeper insight into critical visual attributes—brightness, fire, and contrast—which collectively define a diamond’s true ‘sparkle’.

Additionally, along with our core segments of natural diamond certification and lab-grown diamond certification, we are also seeing a strong demand for certification of natural diamond and lab-grown diamond jewelry, which will further accelerate the growth of our business in the quarters to come.”