Thangamayil Jewellery shares have experienced a significant rally, rising as much as 8% to an intraday high of ₹4,138.00 on Thursday, January 8. This marked the third consecutive session of gains, with the stock accumulating nearly 28% growth over the same period, reflecting sustained buying interest from investors.

Industry Peer Performance Drives Optimism

The sharp gains appear to be driven by optimism stemming from strong Q3 business updates reported by industry peers, raising expectations of similar performance from Thangamayil Jewellery. The jewellery sector has demonstrated robust growth across multiple players during the festive season.

Titan Company's Stellar Performance

Titan Company's overall consumer businesses posted approximately 40% year-on-year growth, driven by strong festive demand and continued premiumisation trends. The jewellery division delivered a standout performance, recording approximately 41% year-on-year growth in Q3 FY26, supported by vibrant festive and wedding demand. Higher average selling prices, aided by elevated gold prices, compensated for largely flat buyer growth, while Tanishq's gold exchange offers helped sustain demand beyond the festive season.

Senco Gold's Impressive Growth Trajectory

Senco Gold reported remarkable performance with sales and revenue increasing 51% in the third quarter compared to the previous year. This growth comes against the backdrop of 6.50% and 28% growth in the previous two quarters, respectively. Key highlights of Senco's performance include:

• Nine-month FY26 growth of 31% compared to the same period last year
• Trailing twelve-month revenue reaching ₹8,000.00 crore
• Retail business growth of 49% in Q3
• Same store sales growth of 39%

Kalyan Jewellers' Strong Quarter

Kalyan Jewellers reported 42% year-on-year revenue growth in Q3 FY2026, primarily driven by robust festive demand. The growth was supported by strong demand during and after the Diwali festival, despite fluctuations in gold prices. Both plain gold and studded jewellery segments experienced broad-based growth, with same-store sales increasing by approximately 27%.

Thangamayil's Q2 Turnaround Performance

The company demonstrated a strong turnaround in its September quarter results, posting impressive financial metrics that likely contribute to current investor confidence.

The company's revenue from operations jumped 45% year-on-year, driven by robust festive demand and strong retail traction. The operating performance showed sharp improvement, with EBITDA rising substantially from the previous year's negative base, marking a strong recovery in operational efficiency.

Thangamayil Jewellery Limited has announced the demise of its Company Secretary and Compliance Officer, Mr. V. Vijayaraghavan, who passed away on December 16, 2025. The company informed the BSE and NSE about this development in compliance with regulatory requirements.

Regulatory Disclosure Details

The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015. This regulation mandates listed companies to disclose material events and information that could impact investor decisions.

Company Response

Thangamayil Jewellery has expressed its deep sympathy, sorrow, and condolences to Mr. Vijayaraghavan's family during this difficult time. The notification was signed by N.B. Kumar, Joint Managing Director of Thangamayil Jewellery Limited, and communicated to both major stock exchanges where the company's shares are listed.

Stock Exchange Communication

The formal communication was sent to both BSE Limited and National Stock Exchange of India Limited. The company emphasized that this information has been shared for the records of the exchanges, maintaining compliance with disclosure norms for listed entities in the Indian capital markets.