Thangamayil Jewellery reports strong Q2 growth, sales up 45%

Thangamayil Jewellery Limited reported a significant increase in financial performance for the quarter ended September 30, 2025, with total sales reaching INR 1,705 Crs, marking a 45% year-over-year increase from Q2 2025. Retail sales mirrored this growth, also up 45% to INR 1,636 Crs. The company’s reported gross profit soared by 360% to INR 184 Crs, with the gross profit margin expanding to 11.25% from 3.54% in the prior year. Profit after tax saw a remarkable 447% increase, reaching INR 59 Crs.

For the first half of FY 2025-26, total sales climbed 36% to INR 3,260 Crs, while profit after tax surged 167% to INR 104 Crs compared to the same period last year. The company's expansion strategy included opening nine new outlets during the half-year, bringing the total net retail outlets to 66. This expansion contributed to increased operating costs, which are expected to moderate as new outlets mature.

The company's customer advance base, including "Digi gold" schemes, grew by 76% to 11.29 lakhs as of September 30, 2025. Thangamayil Jewellery also reported a hedging level of 95.05% for its gold inventory and up to 35% for silver, reflecting a prudent risk management strategy. The first phase of "Chennai Metro" expansion outlets was successfully completed, with a second phase underway, projected to add ten more outlets over the next 15 months.