Thangamayil Jewellery Ltd

Thangamayil Jewellery Reports Strong Growth 📈 | Q2 Sales Up 45% YoY, PAT at ₹59 Cr

- Retail outlets expanded to 66, with 9 new stores opened in H1.

- Q2 2026 total sales: ₹1,705 Cr (+45% YoY), retail sales at ₹1,636 Cr (+45% YoY).

- Gold ornament volume stable at 1,513 kgs; silver products volume up 23% YoY.

- Non-gold sales (silver, diamonds) surged 52% YoY to ₹135 Cr.

- Gross profit margin improved to 11.25% (up 771 bps YoY).

- EBITDA at ₹106 Cr vs. loss of ₹7 Cr in Q2 2025; PAT at ₹59 Cr (up 447% YoY).

- H1 FY 2025-26 sales: ₹3,260 Cr (+36% YoY), PAT at ₹104 Cr.

- October 2025 revenue hit all-time high: ₹1,032 Cr (+178% YoY).

- Customer advances up 76% in H1 (6.41L to 11.29L).

- Dividend paid: ₹12.50/share (₹38.85 Cr total).

- Urban revenue share rose from 29% to 40%, reflecting non-gold growth.

- Hedging covers 95% of gold inventory, 35% of silver.

- Chennai Metro expansion: Phase 1 (₹660 Cr) complete; Phase 2 (₹700 Cr) underway.

- Interest cover improved to 6.52x from -0.70x YoY.