21-Oct-2026 20:39:24
INTERNATIONAL GEMMOLOGICAL INSTITUTE Q2 CONCALL : FY27 GROWTH OUTLOOK RAISED, STRONG LAB-GROWN DIAMOND DEMAND & GLOBAL EXPANSION
• FY27 REVENUE GROWTH OUTLOOK RAISED TOWARD 27% FROM EARLIER 15%, BASED ON H1 PERFORMANCE • FY27 EBITDA GROWTH OUTLOOK RAISED TOWARD 34% FROM EARLIER 20% • MANAGEMENT EXPECTS FULL-YEAR GROWTH BROADLY IN LINE WITH H1; EXACT REVISED PERCENTAGES NOT FORMALLY COMMITTED • LAB-GROWN DIAMOND JEWELLERY CERTIFICATION REVENUE UP 47% YOY • LAB-GROWN LOOSE DIAMOND CERTIFICATION REVENUE UP 37% YOY • MANAGEMENT DOES NOT EXPECT A SLOWDOWN IN LAB-GROWN DIAMOND CERTIFICATION DEMAND OVER COMING QUARTERS • LARGE INDIAN DIAMOND GROWERS COULD DOUBLE PRODUCTION CAPACITY OVER NEXT THREE YEARS • NATURAL DIAMOND CERTIFICATION MOMENTUM EXPECTED TO IMPROVE OVER NEXT TWO QUARTERS • CONSOLIDATED EBITDA MARGIN IMPROVED TO 61.4%; MANAGEMENT EXPECTS CONTINUED OPERATING LEVERAGE • EBITDA GROWTH EXPECTED TO OUTPACE REVENUE GROWTH, SUPPORTED BY HIGHER CERTIFICATION VOLUMES • INTERNATIONAL EXPANSION UNDERWAY IN ITALY, SAUDI ARABIA & BOTSWANA • AGL COLORED GEMSTONE CERTIFICATION BUSINESS TARGETED FOR GLOBAL EXPANSION • AI-BASED LAB AUTOMATION EXPECTED TO IMPROVE GRADING PRODUCTIVITY & TURNAROUND TIMES • HIGHER EMPLOYEE COSTS, MARKETING EXPENSES & COMPETITION REMAIN KEY MARGIN RISKS
INTL GEMOLOGICAL INST LTD