Thangamayil Jewellery retail sales jump 28% to Rs1,505 crores
Thangamayil Jewellery Limited reported retail sales rose 28% year-over-year to Rs1,505 crores in Q1 FY26, with gold jewellery sales up 27% to Rs1,375 crores.
Despite a 4% drop in gold ornament volume due to 28% higher gold prices, gross profit increased 29% to Rs167 crores with margins improving to 11.10%.
However, profit before tax fell 16% to Rs65 crores due to increased promotional expenses, additional depreciation from expansion, and higher employee costs for new Chennai outlets. The company is opening five new Chennai stores with a sixth planned for September.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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