Thangamayil Jewellery shares volatile after strong Q4 results, rise up to 7%

Shares of Thangamayil Jewellery Ltd. were volatile on Friday, May 15, after they reported their results for the fourth quarter. The stock gained up to 7% post results and was trading in the red soon after.

The company reported a positive set of earnings across all parameters.

Its net profit increased to ₹143 crore from ₹31.4 crore in last year's March quarter.

Its revenue came in at ₹2,839.2 crore compared to ₹1,380.5 crore in the fourth quarter last fiscal.

The company's earnings before interest, tax, depreciation and amortisation (EBITDA) increased to ₹214 crore from ₹57 crore in the same period last year.

Its margins expanded sharply as well to 6.8% from 3.4% in the year-ago period.

Thangamayil Jewellery, in an exchange filing, said its number of retail outlets in operation were at 66 compared to 60 in the previous year.

Its available liquid funds, including undrawn bank facilities, were at ₹597 crore compared to ₹424 crore in the previous year.

It reported same store sales growth for the financial year 2026 of 38.18% compared to 18.1% in FY25.

For the entire fiscal, its retail sales increased by 73% to ₹8,159 crore,. Its profit before tax was at 469 crore up 193% from FY25's 160 crore.

The company also proposed a dividend of 18 per equity share of the face value 10 each for the financial year 2026. The same is subject to approval of the shareholders at its annual general meeting.

Shares of Thangamayil Jewellery gained 7.1% to hit an intraday high of ₹3,875 apiece after reporting their earnings on Friday. However, the stock later witnessed a sharp drop and was trading 0.5% lower at ₹3,599.6 apiece around 1.50 pm. It has declined 15.4% in the past month but is up 10.2% this year, so far.

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