Thangamayil Jewellery Q2 PAT at ₹59 Cr, Sales Rise to ₹1,705 Cr
Filing Summary
Thangamayil Jewellery Ltd reported a consolidated Profit After Tax (PAT) of ₹59 crore for the quarter ended September 30, 2025, compared to a loss of ₹17 crore year-over-year. Total sales for the quarter stood at ₹1,705 crore. For the half-year period, PAT was ₹104 crore on sales of ₹3,260 crore. The company completed the first phase of its “Chennai Metro” expansion with a capital outlay of ₹660 crore and has commenced the second phase with a planned outflow of ₹700 crore. The customer advance base increased by 76% during the first half.
Thangamayil Jewellery Limited has filed its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company reported total sales of ₹1,705 crore for the quarter, an increase from ₹1,178 crore in the corresponding quarter of the previous year. For the six-month period, total sales reached ₹3,260 crore, compared to ₹2,398 crore year-over-year. The total number of retail outlets operated by the company stood at 66 as of the period end.
For the second quarter, the company recorded a Profit Before Tax (PBT) of ₹78 crore, against a loss before tax of ₹24 crore in the same period last year. The Profit After Tax (PAT) for the quarter was ₹59 crore, compared to a net loss of ₹17 crore year-over-year. EBITDA for the quarter was ₹106 crore, against a negative EBITDA of ₹7 crore in Q2 FY25. The gross profit margin as a percentage of retail sales was reported at 11.25%.
For the half-year ended September 30, 2025, PBT stood at ₹144 crore, an increase from ₹54 crore in the prior year period. PAT for the six months was ₹104 crore, compared to ₹39 crore for the same period last year. EBITDA for the first half of the financial year was ₹193 crore, up from ₹84 crore year-over-year. The interest coverage ratio for the six-month period was 6.17 times.
Operationally, the company reported sales volume of 1,513 Kgs of gold ornaments and 5,636 Kgs of silver products in the second quarter. For the half-year period, gold ornament volume was 2,999 Kgs and silver products volume was 11,740 Kgs. The company’s customer advance base, including “Digi gold” schemes, increased by 76% in the first six months, from 6.41 lakhs to 11.29 lakhs as of September 30, 2025.
The company stated it completed the first phase of its “Chennai Metro” expansion outlets with a total capital outlay of ₹660 crore. A second phase of expansion has been initiated, which includes ten outlets over the next 15 months with an estimated outflow of ₹700 crore. This phase will be funded through internal accruals, customer advances, and bank borrowings. The company also reported that its gold inventory is mostly hedged, while silver is hedged up to 35% of the inventory on hand.
As of September 30, 2025, the company’s total assets were valued at ₹2,979 crore, with inventories accounting for ₹2,677 crore. Total equity stood at ₹713 crore. During the quarter, the company paid a total dividend of ₹38.85 crore, corresponding to ₹12.50 per equity share for the financial year ended March 31, 2025. The filing also notes a pending income tax demand of ₹14.49 crore with the Income Tax Appellate Tribunals forum.
Thangamayil Jewellery Limited is a jewellery retailer based in Tamil Nadu, India. The company’s primary business involves the manufacturing and sale of gold, silver, diamond, and platinum jewellery and articles. Thangamayil Jewellery focuses on expanding its retail network across Southern India through a combination of new store openings and market penetration strategies.