Thangamayil Jewellery Reports Impressive Q2 Turnaround with 585M Rupees Net Profit

Thangamayil Jewellery Limited (TMJL) has reported a remarkable turnaround in its financial performance for the second quarter. The company's results showcase significant growth across key financial metrics, indicating a strong recovery and expansion strategy.

Financial Highlights

Metric	Q2 FY 2025-26	Q2 FY 2024-25	YoY Change
Net Profit	585.00 million rupees	-174.00 million rupees	Turnaround
Revenue	17.00 billion rupees	11.80 billion rupees	44.1% increase
EBITDA	994.00 million rupees	-104.00 million rupees	Turnaround
EBITDA Margin	5.83%	Negative	Significant improvement

Key Performance Indicators

Same Store Sales Growth: 10.31% (H1 FY 2025-26)
Retail Sales: 1,636.00 crore rupees (Q2 FY 2025-26), up 45% YoY
Gold Jewellery Sales: 1,501.00 crore rupees, up 44% YoY
Non-Gold Sales: 135.00 crore rupees, up 52% YoY
Gross Profit Margin: 11.25% of retail sales, up 771 basis points YoY

Operational Highlights

Expansion Strategy: TMJL has completed the first phase of its "Chennai Metro" expansion, with new outlets contributing up to 20% of the company's overall revenue.
Record-Breaking Performance: In October 2025, the company achieved its highest-ever monthly revenue of 1,032.00 crore rupees, marking a 178% YoY growth.
Customer Base Expansion: The company's customer advance base, including "Digi gold" schemes, grew by 76% in the first six months of FY 2025-26, reaching 11.29 lakhs customers.
Inventory Management: TMJL has maintained a prudent hedging strategy, with 95.05% of its gold inventory hedged and 35% of silver inventory hedged.
Product Mix: Non-gold sales (including silver, diamonds, and other products) showed strong growth, indicating diversification in the company's product offerings.

Future Outlook

Thangamayil Jewellery plans to embark on the second phase of its "Chennai Metro" expansion, aiming to open ten new outlets in the next 15 months. This expansion is expected to be funded through a combination of internal accruals, customer advances, and moderate bank borrowings.

The company anticipates that post-completion of the second expansion phase, its net serviceable debt may be around two times the expected EBITDA for FY 2027-28, indicating a balanced approach to growth and financial stability.

Conclusion

Thangamayil Jewellery's Q2 FY 2025-26 results demonstrate a significant turnaround from the previous year, with robust growth in revenue, profitability, and operational metrics. The company's expansion plans and strong performance in both gold and non-gold segments position it well for potential continued growth in the Indian jewellery market.

Investors and market observers will likely keep a close watch on how TMJL manages its expansion strategy and maintains its growth trajectory in the face of fluctuating gold prices and evolving consumer preferences in the jewellery sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+20.00%	+28.34%	+24.73%	+27.75%	+20.83%	+1,176.73%

Thangamayil Jewellery Limited (TMJL), a prominent player in the Indian jewellery market, has announced the expansion of its retail footprint in Chennai, Tamil Nadu. The company is set to inaugurate two new branches in the city on Sunday, September 21, 2025, marking a significant step in its growth strategy.

Strategic Locations

The new outlets will be situated in two key areas of Chennai:

Avadi
Keelkattalai

These locations have been strategically chosen to cater to the diverse customer base in Chennai, potentially tapping into new market segments and enhancing the company's presence in the region.

Official Announcement

The expansion news was officially communicated to the stock exchanges on September 15, 2025. V. Vijayaraghavan, Company Secretary & Compliance Officer of Thangamayil Jewellery Limited, signed the official communication, stating:

"We are glad to inform you that we are opening 2 more New Branches at Avadi and Keelkattalai in Chennai on Sunday, 21st September, 2025."

Implications for Growth

This expansion move by Thangamayil Jewellery Limited indicates the company's commitment to growth and its confidence in the Chennai market. By increasing its physical presence, TMJL aims to:

Enhance accessibility for customers
Potentially increase market share in Chennai
Strengthen its brand presence in key urban areas

The opening of these new branches may also signal the company's positive outlook on consumer demand for jewellery in the region.

As Thangamayil Jewellery Limited continues to expand its retail network, investors and market watchers will likely keep a close eye on how this growth strategy impacts the company's performance in the coming quarters.