Thangamayil Jewellery Q1 Profit Soars 86% on Strong Revenue Growth

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628 $THANGAMAYL reported an impressive performance for the first quarter of FY27, with consolidated net profit surging 86.2% year-on-year to ₹85.1 crore from ₹45.7 crore a year ago. Revenue from operations jumped 71.4% to ₹2,797.8 crore, driven by strong demand for gold jewellery and higher sales volumes during the quarter. The company's operating performance also improved significantly. EBITDA increased 72.8% to ₹148.5 crore, while the EBITDA margin stood at 5.3%, remaining largely stable despite fluctuations in gold prices. The strong revenue growth was supported by robust retail demand and continued expansion of the company's store network. Management highlighted that higher footfalls, improved product mix, and healthy wedding and festive purchases contributed to the quarter's performance. Industry & Economic Impact: The results reflect continued strength in India's organised jewellery sector, where demand remains healthy despite elevated gold prices. Rising consumer preference for trusted branded jewellers, coupled with sustained wedding and festive demand, continues to support growth in the industry. From an economic perspective, strong jewellery sales benefit the broader retail ecosystem, including gold procurement, manufacturing, logistics, and employment. Growth in the organised jewellery market also supports tax collections and encourages further formalisation of the sector, contributing to overall economic activity. Source: NDTV Profit No Recommendations