Thangamayil Jewellery reported a strong fiscal year ending March 2026 with revenue at ₹8,499 crore, a 73% jump. Profit After Tax grew by 196% to ₹352 crore. The company plans to open 9 new showrooms and recommended a ₹18 per share dividend.
Thangamayil Jewellery FY26: Revenue Soars 73% to ₹8,499 Cr, PAT Jumps 196% to ₹352 Cr
Revenue for the year ended March 31, 2026, reached ₹8,499 crore. Profit After Tax climbed to ₹352 crore. Reader Takeaway: Strong growth and expansion plans driven by customer exchange model; watch import duty impact. ## What just happened Thangamayil Jewellery Ltd. has announced its financial results for the year ending March 31, 2026. The company reported a significant 73% increase in revenue, reaching ₹8,499 crore. Profit After Tax (PAT) saw an even more substantial rise of 196%, totaling ₹352 crore. EBITDA also grew by 157% to ₹577 crore. ## Why this matters These figures indicate robust business expansion and improved profitability for Thangamayil Jewellery. The substantial growth in PAT suggests effective cost management and operational efficiency. The recommended dividend of ₹18 per share also signals confidence from the management and offers a direct return to shareholders. ## The backstory For the year ended March 31, 2026, the company's active customer base grew by 41% to 45 lakh. Revenue per employee exceeded ₹2.5 crore. The Chennai market became a significant contributor, with urban areas increasing their share of business to 42%. The exchange of old jewellery now drives 50-60% of transactions. ## What changes now Thangamayil Jewellery plans to open 9 additional showrooms in FY 2026-27, with a focus on Chennai and its surroundings. They are also expanding their 'Digi Gold' offering and aim to reach 100 stores across Tamil Nadu by 2030. The company maintained strong liquidity with nearly ₹597 crore in working capital. ## Risks to watch Management highlighted the recent increase in import duty on gold and silver from 6% to 15% as a potential short-term concern that could affect consumer demand. The company stated it will monitor market developments closely. ## Peer comparison While specific peer data was not provided in the filing, Thangamayil's strong revenue growth and PAT jump of 196% suggest it is outperforming general industry trends. The focus on old jewellery exchange as a core driver also sets it apart. ## Context metrics (time-bound) * **Revenue:** ₹8,499 crore (FY 2025-26), up 73% YoY. * **PAT:** ₹352 crore (FY 2025-26), up 196% YoY. * **EBITDA:** ₹577 crore (FY 2025-26), up 157% YoY. * **Active Customers:** 45 lakh, up 41% YoY. * **Working Capital:** ₹597 crore (as of March 31, 2026). * **Dividend Recommended:** ₹18 per share for FY 2025-26. ## What to track next Investors will be keen to observe the impact of the new showroom openings, the continued success of the old jewellery exchange model, and how the company navigates the headwinds from increased gold import duties.
