IGI Shares At Three-Month High After Reiterating Topline Growth Guidance

International Gemmological Institute (India) Ltd.'s share price rose to over three-month high as the management has reiterated its revenue growth guidance of 15–20% on year growth for calendar year 2025 in Morgan Stanley's India Investment Forum 2025. Managing Director and Chief Executive Officer Tehmasp Nariman Printer and Chief Financial Officer Eashwar Subramanian Iyer attended the forum.

International Gemmological Institute also expects that volumes will increase at the same rate of revenue in the second half of 2025 as price gets fully priced in and start to reflect in the base, Morgan Stanley said. There is no volume seasonality among quarters, but there is seasonality for revenue because of the product mix. The company is aiming to deliver 20% volume growth in the next three-to-five years.

According to the management, International Gemmological Institute's profit margin will likely improve in the range of 57–64% on year in 2025, the brokerage said.

As far as new acquisition is concerned, International Gemmological Institute is looking to acquire companies dealing in a very niche segment but struggling to make it global, as management view quoted in Morgan Stanley's report.