Thangamayil Jewellery Limited has announced robust financial results for the fiscal year ended March 31, 2026. The company recorded a significant increase in total turnover, reaching ₹8,499 crore, up 73% from the previous year. Profit after tax saw a substantial rise of 195%, amounting to ₹352 crore. Driven by strong demand and operational shifts, the Board of Directors has recommended a final dividend of ₹18 per share.
Fiscal Year 2026 Financial Highlights
Thangamayil Jewellery Limited (TMJL) achieved exceptional growth in FY 2025-26, marked by a 73% increase in total sales compared to the previous year. Retail sales reached ₹8,159 crore, supported by a growing network of 66 retail outlets. The company’s profitability also scaled significantly, with Profit Before Tax (PBT) rising to ₹469 crore, representing a 193% growth year-on-year.
Strategic Operational Shifts
The company successfully navigated market volatility through strategic shifts in its operating model. Key drivers included a notable increase in lightweight jewellery sales and a 50% rise in customer gold exchange offers. Additionally, the adoption of competitive pricing and the ‘Digi Gold’ scheme helped maintain volume offtake in a demanding market environment. Same Store Sales (SSS) growth for the 12-month period reached an impressive 38.18%.
Dividend and Outlook
Reflecting the company’s strong financial position, the Board has recommended a final dividend of ₹18 per equity share (180%), which is subject to shareholder approval at the Annual General Meeting scheduled for July 29, 2026. Looking ahead, the company is optimistic about its growth trajectory in FY 2026-27, supported by planned expansion projects, including proposed outlets in the Chennai Metro Phase II corridor.
Inventory and Market Management
Management highlighted that effective inventory management strategies, including an inventory hedging level of 95%, played a crucial role in mitigating price fluctuations in gold. Despite the recent government notification increasing the import duty on gold and silver to 15%, the company remains focused on leveraging its robust brand presence and customer loyalty base of over 45 lakh customers to drive long-term value.
Source: BSE
