Thangamayil Jewellery Limited (TMJL) has announced impressive financial results for the fiscal year ending March 31, 2026. The company achieved a 73% increase in total sales, reaching ₹8,499 crore compared to the previous year. Driven by strategic shifts in operating models, Profit After Tax (PAT) rose by 195% to ₹352 crore. The Board of Directors has recommended a final dividend of ₹18 per share (180%), subject to shareholder approval.
Fiscal Year 2026 Financial Highlights
Thangamayil Jewellery delivered a stellar performance in FY26. Retail sales grew by 73% to ₹8,159 crore, while the company’s Gross Profit soared by 114% to ₹919 crore. Profitability metrics also saw significant improvement, with Profit Before Tax reaching ₹469 crore, marking a 193% growth over the previous fiscal year. Earnings Per Share (EPS) for the year stood at ₹113.14.
Strategic Operational Shifts
The company attributed its strong growth to several key strategic adaptations made during the year. Notable initiatives include an increase in lightweight jewellery offerings and a significant rise in gold exchange volumes, which now account for up to 50% of sales. Furthermore, the successful expansion into Chennai Metro locations helped sustain growth momentum despite market fluctuations and rising gold and silver prices.
Dividend and Outlook
Following the robust annual performance, the Board has recommended a final dividend of ₹18 per equity share (180%) for FY26. This dividend, pending approval at the Annual General Meeting on July 29, 2026, represents a total payout of ₹5,595 lakh. Looking ahead, management remains optimistic about future performance, expecting continued contributions from new Chennai Metro Phase II expansion outlets to both the top and bottom lines.
Quarterly Performance Review
The fourth quarter of the fiscal year ended March 31, 2026, also showed strong results. Retail sales for Q4 grew by 107% year-on-year to ₹2,730 crore. The company also reported a Same Store Sales (SSS) growth of 38.18% for the 12-month period, a significant jump compared to the 18.10% recorded in the previous year.
Source: BSE
