Thangamayil Jewellery Limited has filed its Integrated Annual Report for FY 2025-26, reporting its highest-ever financial performance alongside the notice convening its 26th Annual General Meeting (AGM) scheduled for Wednesday, 29th July 2026, at 11:30 a.m. (IST) at Tamilnadu Chamber of Commerce & Industry, Madurai. The company posted revenue of ₹849,933 lakhs, a 73% year-on-year surge driven by newly operational Chennai retail outlets and a sharp escalation in gold and silver prices throughout the year. Profit after tax (PAT) jumped 196% to ₹35,165 lakhs, marking the highest-ever bottom line in the company's history. The Board has recommended a dividend of ₹18.00 per equity share (180%) for the fiscal year, subject to shareholder approval.

Record Financial Performance in FY2025-26

The company delivered its strongest-ever results across all key financial parameters. Revenue grew 73% year-on-year, significantly contributed by the newly operational Chennai retail outlets. EBITDA growth of 157% was supported by escalating gold and silver prices, while PAT growth of 196% was achieved despite elevated expenses from Chennai expansion outlets, reflecting the company's disciplined cost management model. The following table summarises the key financial metrics:

The five-year CAGR in revenue stood at 40.31% and in PAT at 73.80%, underscoring consistent long-term growth. The company's net worth (adjusted) rose to ₹141,600 lakhs from ₹110,235 lakhs in the previous year, while the book value per share improved to ₹456 from ₹355.

Five-Year Financial Highlights

The annual report provides a comprehensive five-year review, illustrating the company's sustained growth trajectory across key indicators.

Key Operating Performance Indicators

Several operational metrics also recorded significant improvements in FY2025-26, reflecting the company's expanding scale and efficiency.

The company's overall live customer base increased to 45 lakhs from 32 lakhs, registering a growth of 41%, the highest in the company's history. Customer advances rose to ₹1,418.87 crore in FY26 from ₹607.44 crore in FY25. Available working capital surplus including undrawn eligible drawing power from banks reached ₹59,726 lakhs by 31st March 2026.

Retail Expansion and Chennai Division

During FY2025-26, the company opened 10 new outlets at an outlay of ₹78,298 lakhs, funded through equity, customer advances, and bank borrowings. The Chennai division contributed nearly 20% of total revenue on an annualised basis. The company's urban contribution scaled up to 41.93% in FY2025-26 from 30.62% in FY2024-25. The following table captures the Chennai Metro performance metrics:

For FY2026-27, the company has planned to open at least nine additional outlets in the Chennai Metro and surrounding areas, with civil and interior work already commenced at five locations. The entire Phase II expansion is targeted for completion by 31st December 2026, with necessary banking sanctions of up to ₹1,412 crores already secured.

AGM Agenda and Special Business Resolutions

The 26th AGM will be held at Tamilnadu Chamber of Commerce & Industry, No. 178-B, Kamarajar Salai, Madurai – 625009. The register of members will remain closed from 23rd July 2026 to 29th July 2026 (both days inclusive). Shareholders will vote on ordinary business including adoption of financial statements, re-appointment of Director Smt. Yamuna Vasini Deva Dasi, and declaration of dividend.

The meeting will also seek shareholder approval for special resolutions, including revision of remuneration for four key managerial personnel effective from 1st April 2026. The details are as follows:

Additionally, the company seeks approval to invite, accept, and renew deposits from the public and shareholders for FY2026-27 up to an aggregate amount of ₹49,560 lakhs (Public: ₹35,400 lakhs; Shareholders: ₹14,160 lakhs).

Import Duty Change and Inventory Impact

The Government of India, on 13th May 2026, increased the import duty on gold and silver from 6% to 15% with immediate effect. The company noted that this steep rise in import duty by 150% may result in inventory gains of around ₹60 crores at current market prices prevailing for gold and silver products. The company is monitoring the impact of this policy change on consumer demand, noting that exchange gold sales have already risen from a historic average of around 25% to a range of 50% to 60% of current sales.

Corporate Governance and CSR

The company's Board comprises eight directors, including four independent directors (50%), fulfilling regulatory requirements. Eight Board meetings were held during FY2025-26. The company incurred CSR expenditure of ₹289.49 lakhs during the financial year ended 31st March 2026, against an obligation of ₹288.63 lakhs, covering health care and wellness, food assistance, education assistance, Green and Sustainable Gaushala, eye camps, and environment initiatives. The company paid GST of ₹25,732 lakhs and income tax of ₹10,462 lakhs during the year. Government payouts in total stood at ₹36,194 lakhs, reflecting a five-year CAGR of 44.19%.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE085J01014/c56c8232f3484c93.pdf

Thangamayil Jewellery Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, disclosing key environmental and social governance metrics. The report, which forms part of the 26th Annual Report, was prepared in compliance with Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. J Sundharesan & Associates provided limited assurance on the company's policy evaluation and identified sustainability indicators.

The company reported that 100% of its inputs were sourced sustainably during the year. Thangamayil Jewellery operates 60 showrooms and one manufacturing unit, with a total workforce of 3,450 permanent employees. The report highlighted that 100% of employees received training on health and safety measures, while the female return-to-work rate stood at 89.2%.

Environmental Performance

Thangamayil Jewellery’s total energy consumption for FY26 was recorded at 38,709.01 GJ, entirely sourced from non-renewable sources. The company reported total greenhouse gas emissions of 8,407.59 metric tonnes of CO2 equivalent, comprising 1,126.60 metric tonnes of Scope 1 emissions and 7,280.99 metric tonnes of Scope 2 emissions. Water withdrawal totaled 50,025 kilolitres, primarily from groundwater sources.

The company generated 21.28 metric tonnes of waste, of which 3.687 metric tonnes were recycled. The report noted that the company is in the process of registering as a Brand Owner on the Centralized Extended Producers Responsibility (EPR) Portal for Plastic Packaging.

Social and Governance Disclosures

The company reported zero safety incidents during the financial year, with no lost time injuries, fatalities, or high-consequence work-related injuries recorded. Thangamayil Jewellery maintained a zero-tolerance policy towards bribery and corruption, with no fines, penalties, or legal actions reported against the company, its directors, or key managerial personnel.

Gross wages paid to females accounted for 32.52% of the total wages paid by the entity, an increase from 28.59% in the previous year. The median remuneration for female employees other than the Board of Directors and Key Managerial Personnel was ₹2,74,938. The company received 896 customer complaints during the year, with four pending resolution at the close of the year.