Madurai-based Thangamayil Jewellery Ltd doubled its net profit to ₹142 crore for the fourth quarter ended March 2026, as against ₹39 crore in the corresponding quarter last year. Revenue more than doubled to ₹2,839 crore (₹1,380 crore).
Gold jewellery sales went up by 105 per cent to ₹2,503 crore in Q4FY26. Non gold (Silver, Diamonds, otherproducts) sales rose 141 per cent to ₹227 crore.
For the full year FY26, net profit stood at ₹352 crore as against ₹118 crore in FY25. Revenue went up to ₹8,514 crore (₹4,916 crore).
The number of retail outlets of Thangamayil Jewellery in operation stoofd at 66 as of March 2026 as against 60 at the same time last year.
Meanwhile, the company has flagged a possible compression of demand in the near term given Prime Minister Narendra Modi’s call to reduce purchase of gold jewellery and the subsequent increase in gold import duty.
“The developments may have an impact on the demand for gold & silver jewellery in coming months in an already sagging demand scenario. However, customers have slowly shifted to exchange of gold for new jewellery purchases in the past several months. From a historic average of around 25%, exchange gold sales ranges from 50 per cent to 60 per cent of current sales. We have to wait and see the public reaction to these directives,” he said.
The company has proposed a dividend of ₹18.00 per equity share for the financial year 2025-26.
The shares of Thangamayil Jewellery on the NSE closed at ₹3,561.20 on Friday, down 1.53 per cent or ₹55.30.