Thangamayil Jewellery reported a robust performance for Q3 2026, with revenue increasing by 112% to ₹2,401 Crs. Profit after tax surged by 119%. The company continues to focus on derisking its business model through hedging and expanding its retail presence. The company has a strong liquidity position with ₹311 Crs available for operations.
Financial Performance Highlights
Thangamayil Jewellery announced strong unaudited financial results for the third quarter ended December 31, 2025. Key highlights include:
- Revenue: Increased by 112% to ₹2,401 Crs compared to ₹1,132 Crs in Q3 2025.
- Gross Profit: Increased by 90% to ₹256 Crs.
- Profit After Tax (PAT): Increased by 119% to ₹105 Crs.
- Earnings Per Share (EPS): ₹33.71
Nine Months Performance
The company reported all-time highest revenue for the nine months ended December 31, 2025:
- Revenue at ₹5,661 Crs, a 60% increase year-over-year.
- Profit after tax increased by 140% to ₹209 Crs.
Operational Highlights
Other key operational highlights include:
- Chennai Metro outlets contributing 17% to total sales.
- Customer advance base for Digi Gold schemes increased by 108%.
- Opened 10 new retail outlets during the nine-month period, bringing the total to 66.
- Increase in Silver volume sales by 24% for the nine months.
Strategic Focus
The company remains focused on:
- Derisking its business model through hedging in gold and silver.
- Maintaining a strong liquidity position. Liquidity in the system as of December 31, 2025, including eligible drawing power from banks, is at ₹311 Crs.
Other Matters
The company has temporarily deferred the opening of additional metro-based retail outlets due to uncertain gold and silver price movements. A comforting development in the pending income tax assessment for 22-23 is the conclusion that the assessment was a “High Pitched one”. A Digi Silver Scheme has been started to satisfy customer demand.
Source: BSE
