Transcript of the Earnings Call held for the quarter and year ended March 31, 2026
IGIL · price
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IGI reported strong Q4 FY26 results with consolidated revenue and EBITDA both growing 21% YoY to INR 3,686 million and INR 2,360 million respectively. PAT grew 28% to INR 1,796 million. For the 15-month period ended March 2026, revenue grew 18% to INR 15,976 million, EBITDA grew 22% to INR 9,728 million (EBITDA margins at 60.9%, up 230 bps), and PAT grew 25% to INR 7,112 million. Lab-grown diamond certification grew 35% YoY and LGD jewelry grew 29%, while natural diamond certification grew 10%. The AGL acquisition (American Gemological Laboratories) in January 2026 has been consolidated, adding color stone certification capabilities. Management guided for 15% revenue growth and 20% EBITDA growth for FY27, indicating operating leverage. They highlighted AI/ML investments and brand-building initiatives as strategic priorities.
The company over-delivered on prior guidance with broad-based momentum across all segments. The 20% EBITDA growth guidance versus 15% revenue growth signals positive operating leverage. AGL acquisition opens a new growth avenue in color stones beyond diamonds.