• FY27 Growth Guidance: IGI is targeting 15% revenue growth and 20% EBITDA growth for FY27, supported by an expected 3- to 5-year revenue CAGR of 15% across five key growth segments.
• Lab-Grown Diamond Performance: Lab-grown jewelry certification surged over 29% in the quarter, with the lab-grown category now accounting for roughly 60% of total revenue and EBITDA.
• AGL Acquisition Integration: The acquisition of American Gemological Laboratories brings gemstone certification capability to IGI, which will take 2 to 3 quarters to scale up as specialized staff are hired and trained across global labs.
• Gemstone Margin Contribution: Gemstone certification yields at least twice the average selling price compared to diamonds, making the segment directly margin accretive as demand expands across India, Thailand, Dubai, and China.
• Geographic Revenue Mix: India generates 80% of total certification revenue, while 10% originates from the Netherlands entity covering the Middle East and parts of Asia, and the remaining 10% comes from the US and Belgium combined.