International Gemmological Institute (India) Limited — Investor Meet, 04-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

International Gemmological Institute (IGI) reported strong Q2 & H1 CY25 results. Q2 revenue grew 20% to INR 314 Cr, with PAT up 63% to INR 127 Cr and EBITDA margin at 58%. H1 revenue rose 14% to INR 627.8 Cr. Volume growth was robust at 21% in Q2 and 24% in H1, fueled by Lab-Grown Diamonds (+24% Q2) and Natural Diamonds (+14% Q2). Management maintains a 15-20% revenue growth outlook for CY25, expecting continued demand. LGD jewelry adoption is increasing in India. IGI holds over INR 750 Cr cash and plans dividend discussions. The company is strategically investing in AI and infrastructure, and continues its 4C certification for LGDs, strengthening its market position.