International Gemological Institute Ltd · NSE:IGIL
International Gemological Institute — Q1 FY27 Earnings Presentation
27 slides from International Gemological Institute's earnings presentation, Jul 23, 2026
Slide 1: Cover letter to stock exchanges
July 23, 2026 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G Dalal Street, Fort, Bandra Kurla Complex Mumbai - 400 001 Bandra (East), Mumbai - 400 051 BSE Scrip Code: 544311 NSE Symbol: IGIL Subject: Investor Presentation Dear Sir/Mad
Slide 2: A Legacy of Trust. A Future of Innovation.
A Legacy of Trust. A Future of Innovation. International Gemological Institute Limited Investor Presentation | Q1 FY27
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by International Gemological Institute Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or sub
Slide 4: Consolidated Results
CONSOLIDATED RESULTS
Slide 5: For the quarter - Certification revenue grew 23%, EBITDA growth at 29%
For the quarter - Certification revenue grew 23%, EBITDA growth at 29% Q1 FY27 v Q1 FY26 (YoY) • Total certification volumes for Q1 FY27 stood at 3.56 Mn reports, marking a 17% YoY growth, compared to 3.03 Mn reports in Q1 FY26 • Certification revenues grew by 23% YoY to INR 3,598 Mn during Q1 FY27;
Slide 6: Consolidated Income Statement – Q1 FY27 v Q1 FY26 (YoY)
Consolidated Income Statement – Q1 FY27 v Q1 FY26 (YoY) Particulars (in INR Mn) Q1 FY26 Q1 FY27 YoY Q1 FY26 Q1 FY27 # Reports (Mn) 3.03 3.56 17% Segment Mix Certification Revenue 2,921 3,598 23% Total certification volumes for Q1 FY27 stood at 3.56 Mn ND 474 504 6% 16% 14% 01 reports vs 3.03 Mn repo
Slide 7: Certification revenue up 23%, volume growth at 17%
Certification revenue up 23%, volume growth at 17% - Q1 FY27 v Q1 FY26 (YoY) Number of Reports (in Mn) Certification Revenue +17% +23% 3.56 3,598 3.03 2,921 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 EBITDA(1) & EBITDA Margin (%) PAT & PAT Margin (%) 57.7% 60.4% 42.1% 44.7% +29% +31% 2,238 1,657 1,735 1,265 Q1
Slide 8: Certification revenue growth led by mix shift
Certification revenue growth led by mix shift – Strong growth in LGD loose stones and LGD jewelry Revenue growth driven by LGD loose stones and LGD Jewelry; Improvement in ASP driven by increase in ND & LGD loose stones revenue and consolidation of AGL Revenue mix – Q1 FY27 v Q1 FY26 Consequent ASP
Slide 9: Consolidated Income Statement – Q1 FY27 v Q4 FY26 (QoQ)
Consolidated Income Statement – Q1 FY27 v Q4 FY26 (QoQ) Particulars (in INR Mn) Q4 FY26 Q1 FY27 QoQ Q4 FY26 Q1 FY27 # Reports (Mn) 3.64 3.56 -2% Segment Mix Total certification volumes for Q1 FY27 stood at 3.56 Mn Certification Revenue 3,587 3,598 0% 01 reports vs 3.64 Mn reports in Q4 FY26, registe
Slide 10: Standalone Results
& IGI j STANDALONE RESULTS
Slide 11: For the quarter Certification revenue grew 22%, EBITDA growth at 15%
For the quarter Certification revenue grew 22%, EBITDA growth at 15% Q1 FY27 v Q1 FY26 (YoY) • Total certification volumes for Q1 FY27 stood at 3.21 Mn reports, marking a 21% YoY growth, compared to 2.66 Mn reports in Q1 FY26 • Certification revenues grew by 22% YoY to INR 2,792 Mn during Q1 FY27 •
Slide 12: IGI India Standalone Income Statement - Q1 FY27 v Q1 FY26 (YoY)
IGI India Standalone Income Statement - Q1 FY27 v Q1 FY26 (YoY) Particulars (in INR Mn) Q1 FY26 Q1 FY27 YoY Q1 FY26 Q1 FY27 # Reports (Mn) 2.66 3.21 21% Segment Mix Certification Revenue 2,293 2,792 22% Total certification volumes for Q1 FY27 at 3.21 Mn 01 reports vs 2.66 Mn reports for Q1 FY26, reg
Slide 13: Certification revenue up 22%, EBITDA growth at 15%
Certification revenue up 22%, EBITDA growth at 15% - Q1 FY27 v Q1 FY26 (YoY) Number of Reports (in Mn) Certification Revenue +21% +22% 3.2 2,792 2.7 2,293 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 EBITDA(1) & EBITDA Margin (%) PAT & PAT Margin (%) 73.0% 68.8% 58.7% 54.0% +15% +12% 1,970 1,546 1,710 1,375 Q1 F
Slide 14: Certification revenue growth led by mix shift
Certification revenue growth led by mix shift – Strong growth in ND & LGD loose stones Revenue growth driven by LGD loose stones and LGD Jewelry; ASP stable Revenue mix for Q1 FY27 v Q1 FY26 Stable ASP (in INR) +22% +1% 2,293 2,792 861 870 16.7% 14.4% 61.3% 65.4% 16.6% 13.9% 5.7% 0.3% 5.1% 0.6% Q1 F
Slide 15: IGI India Standalone Income Statement - Q1 FY27 v Q4 FY26 (QoQ)
IGI India Standalone Income Statement - Q1 FY27 v Q4 FY26 (QoQ) Particulars (in INR Mn) Q4 FY26 Q1 FY27 QoQ Q4 FY26 Q1 FY27 # Reports (Mn) 3.29 3.21 -2% Segment Mix Certification Revenue 2,939 2,792 -5% Total certification volumes for Q1 FY27 at 3.21 Mn 01 reports vs 3.29 Mn reports for Q4 FY26, reg
Slide 16: Industry and Company Overview
INDUSTRY AND COMPANY OVERVIEW
Slide 17: Strong demand and supply trends in natural, lab grown diamond value pools
Strong demand and supply trends in both natural, lab grown diamond value pools - IGI well positioned to unlock growth in both segments IGI’s presence Natural diamond (ND) Lab grown diamond (LGD) across key diamond markets provides Rising affluence and spends driving higher ticket sizes exposure to t
Slide 18: Strong growth outlook in LGD market with significant investment in reactors
Strong growth outlook in LGD market with significant investment in reactors in the last 2 years, with significant planned capacity scale up in 2026 Indian LGD growers have increased capacity consistently over the ~4x growth in LGD production in the last 3-4 yrs years; strong line of sight for FY26 i
Slide 19: LGD industry enters a volume-scale phase, creating structural upside for IGI
LGD industry enters a volume-scale phase, creating structural upside for IGI Lab grown diamond market is expected to grow in coming years. Scale, and efficiency are structurally increasing the need for certification Export volumes of polished LGDs from Share held by top 5-6 players in LGD Lab Grown
Slide 20: In Conclusion
In Conclusion Structural tailwinds across diamonds: Industry is transitioning toward higher transparency, traceability, and 1 certification intensity across LGD and ND, structurally expanding IGI’s addressable market 2 LGD inflection creates multi-year visibility: Rapid scale-up in LGD volumes and r
Slide 21: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE
Slide 22: 15M 2026 consolidated financial performance
15M 2026 consolidated financial performance(1) Number of Reports (in Mn) Revenue from Operations EBITDA & EBITDA Margin (%) 55.2% 56.9% 59.9% 60.9% +24.2% +17.0% 16.5 CAGR 15,976 CAGR +21.9% 12.8 12,291 CAGR 9,728 10.6 10,532 8,980 7,367 8.3 5,998 4,960 12M 2023 12M 2024 12M 2025 15M 2026 12M 2023 1
Slide 23: 15M 2026 standalone financial performance
15M 2026 standalone financial performance Number of Reports (in Mn) Revenue from Operations EBITDA & EBITDA Margin (%) 68.6% 71.2% 72.8% 73.2% 73.4% +24.3% +24.9% 14.6 12,524 CAGR CAGR 11.3 +27.6% 9,561 9.3 7,854 CAGR 9,198 7.2 6,362 6,999 5.9 4,909 5,721 4,527 3,365 12M 2022 12M 2023 12M 2024 12M 2
Slide 24: Annexures
ANNEXURES
Slide 25: Pedigreed and independently-led board of directors
Pedigreed and independently-led board of directors ANOOP MEHTA BIMAL TANNA TEHMASP NARIMAN PRINTER SANGEETA TANWANI Chairman and Independent Director Independent Director Managing Director & Chief Executive Officer Independent Director 30+ years in Diamond Industry Ex-Partner, PwC (20+ years of expe
Slide 26: Shareholding pattern
Shareholding pattern Shareholding Pattern (30th June 2026) Key Institutional Investors 8.44% Investor % Holding 5.51% Promoter (Blackstone) 76.55% 9.49% Top DIIs (Banks, MFs, AIFs and Insurance) 5.51% ICICI Prudential Asset Mgmt 1.95% Top FPIs / FIIs 9.49% 76.55% Government of Singapore 1.32% Abu Dh
Slide 27: Thank You
Thank You COMPANY : International Gemological Institute Limited CIN : L46591MH1999PLC118476 Ms. Natasha Kedia – Head, Investor Relations & Public Relations E-mail: investor.relations@igi.org www.igi.org INVESTOR RELATIONS ADVISORS : MUFG Intime India Private Limited A part of MUFG Corporate Markets,
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