Internationalgemmologica

IGI delivered a strong FY2025 (Jan-Dec) with revenue of ₹1,229 croreCurrent reported value: ₹1,229 crore. No comparable prior figure is available in the source record. (+17Current reported value: 17. No comparable prior figure is available in the source record.% YoY) and EBITDA of ₹737 croreCurrent reported value: ₹737 crore. No comparable prior figure is available in the source record. (+23% YoY), exceeding initial guidance. Q4 revenue grew 21% YoYCurrent reported value: 21% YoY. No comparable prior figure is available in the source record. to ₹320 crore, driven by 45%Current 45%. Reported change: +45% YoY. growth in natural diamonds and 35%Current 35%. Reported change: +35% YoY. in lab-grown diamonds. EBITDA margin expanded 300bps to 59.9%Current reported value: 59.9%. No comparable prior figure is available in the source record., reflecting operating leverage. Management highlighted stable LGD pricing, capacity additions by manufacturers, and growing retail penetration of lab-grown jewelry as key tailwinds. Guidance for FY2026 is positive but qualitative, with expectations to repeat FY2025 performance. A risk is the potential shift by large retailers toward self-certification, which could pressure IGI's market share in the long term.