Prime Highlights:
- Thangamayil Jewellery reported a net profit of ₹105 crore for Q3FY26, more than double compared to ₹48 crore last year.
- Revenue rose sharply to ₹2,406 crore, up from ₹1,132.5 crore a year ago, driven by strong customer demand and festive sales.
Key Facts:
- Q3 EBITDA reached ₹172.2 crore, with operating margins stable at 7.2%.
- The company raised its FY26 revenue target to ₹7,000 crore from ₹6,000 crore, reflecting continued strong retail momentum.
Background:
Tamil Nadu-based jewellery chain Thangamayil Jewellery Ltd reported strong results for the third quarter, with profit and revenue more than doubling compared to the same period last year, supported by festive demand and healthy retail sales.
For the quarter ended December, the company posted a net profit of ₹105 crore, up from ₹48 crore a year ago. Revenue grew to ₹2,406 crore, up from ₹1,132.5 crore last year, thanks to more customers and strong sales across all categories.
EBITDA reached ₹172.2 crore, up from ₹83.3 crore in the same quarter last year. Operating margins were largely stable at 7.2%, compared with 7.4% previously, showing consistent cost management despite higher sales volumes.
The strong third-quarter showing builds on a solid first half of the financial year. In the July–September quarter (Q2FY26), the company had reported revenue of ₹1,704 crore and a net profit of ₹58 crore. In the first half of FY26, EBITDA margins stood at 6.14%, and the company plans to maintain margins close to 6% for the full year.
In November 2025, Thangamayil Jewellery raised its FY26 revenue target to ₹7,000 crore from ₹6,000 crore due to strong demand. The company earned ₹3,260 crore in the first half, a 36% increase compared to last year.
Commenting on category-wise performance, the company said gold volumes were marginally lower, while other segments recorded healthy growth. “Gold volumes declined by 1%, silver sales rose by 16%, and diamond sales increased by 20%,” the management noted, adding that the third quarter had begun on a very strong footing.
Following the earnings announcement, shares of Thangamayil Jewellery Ltd were trading at ₹3,851.40 on the BSE, up 3.68%, as of 2.21 pm, reflecting positive investor sentiment around the company’s growth outlook.
