Tamil Nadu–based retail jewellery chain Thangamayil Jewellery Ltd reported a strong set of earnings for the third quarter, with net profit more than doubling
year-on-year, supported by robust revenue growth.
The company posted a net profit of ₹105 crore for the quarter, compared with ₹48 crore in the corresponding period last year. Revenue surged to ₹2,406 crore from ₹1,132.5 crore a year ago, reflecting strong momentum in retail sales during the quarter.
EBITDA for the quarter stood at ₹172.2 crore, up from ₹83.3 crore in the year-ago period. Operating margins came in at 7.2%, largely stable compared with 7.4% in the same quarter last year.
The strong Q3 performance follows a solid first half of the financial year. In the July–September quarter of 2025 (Q2FY26), Thangamayil Jewellery had reported revenue of ₹1,704 crore and a net profit of ₹58 crore. EBITDA margin for the first half stood at 6.14%, with the management aiming to maintain margins at around 6% for the full year.
Earlier, in November 2025, the company raised its full-year revenue guidance for FY26 to ₹7,000 crore, up from its earlier target of ₹6,000 crore, citing strong demand trends. Commenting at the time, SM Lakshmanan, VP – Finance & Accounts, said the company had achieved a turnover of ₹3,260 crore in the first half of FY26, registering a year-on-year retail revenue growth of 36%.
“In terms of volume, gold is down 1%, silver is up 16%, and diamond sales have increased by 20%,” Lakshmanan had said, adding that the third quarter had “started on a very strong note”.
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.
