Madurai-based Thangamayil Jewellery Ltd reported a significant increase in its net profit, which surged to ₹142 crore for the fourth quarter ending March 2026, compared to ₹39 crore in the same quarter the previous year. Revenue more than doubled, reaching ₹2,839 crore, up from ₹1,380 crore.
In Q4 FY26, sales of gold jewellery experienced a rise of 105 percent, amounting to ₹2,503 crore. Sales of non-gold items, including silver and diamonds, also rose sharply, increasing by 141 percent to ₹227 crore.
For the entire fiscal year FY26, the company achieved a net profit of ₹352 crore, a notable increase from ₹118 crore in FY25. Revenue for the year climbed to ₹8,514 crore, compared to ₹4,916 crore in the previous fiscal year.
As of March 2026, Thangamayil Jewellery operated 66 retail outlets, an increase from 60 outlets at the same time last year.
However, the company has indicated potential challenges ahead. Following Prime Minister Narendra Modi’s appeal to reduce purchases of gold jewellery and the subsequent rise in gold import duties, demand for gold and silver jewellery may be affected. The management noted, “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 exchanging gold for new jewellery purchases in the past several months. From a historic average of around 25%, exchange gold sales range from 50% to 60% of current sales. We have to wait and see the public reaction to these directives.”
Additionally, the company has proposed a dividend of ₹18.00 per equity share for the financial year 2025-26.
On the National Stock Exchange (NSE), shares of Thangamayil Jewellery closed at ₹3,561.20, reflecting a decrease of 1.53 percent or ₹55.30.
Published on May 15, 2026.
