Whalesbook
Robust Q3 Performance
Thangamayil Jewellery Ltd delivered a strong financial performance for its third quarter. The Tamil Nadu-based retailer announced a net profit of ₹105 crore, a significant leap from the ₹48 crore recorded in the same period last year. This doubling of profit was underpinned by a substantial increase in revenue, which climbed to ₹2,406 crore from ₹1,132.5 crore year-on-year.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also saw a sharp rise, reaching ₹172.2 crore compared to ₹83.3 crore a year ago. Despite the revenue surge, operating margins remained largely stable, coming in at 7.2% for the quarter, a slight dip from 7.4% in the prior-year period. This stability indicates efficient cost management amidst expanding sales.
Guidance Revision Boosts Outlook
The positive Q3 results follow a solid first half of the financial year. Thangamayil Jewellery had previously raised its full-year revenue guidance for FY26 to ₹7,000 crore in November, up from an initial target of ₹6,000 crore. This upward revision was attributed to robust demand trends observed throughout the year.
SM Lakshmanan, Vice President – Finance & Accounts, highlighted that the company achieved a turnover of ₹3,260 crore in the first half of FY26, marking a 36% year-on-year growth in retail revenue. Lakshmanan noted that sales volumes saw gold down 1%, silver up 16%, and diamond sales increasing by 20% during the period, with the third quarter starting on a particularly strong footing.
Market Reaction
Following the announcement of these robust quarterly results, shares of Thangamayil Jewellery Ltd saw a positive market reaction. The stock was trading higher on the BSE, reflecting investor confidence in the company's growth trajectory and strong market performance.