Revenue from operations jumped 45% year-on-year to Rs 1,711 crore from Rs 1,181 crore, driven by robust festive demand and strong retail traction. The company’s operating performance also improved sharply, with EBITDA rising to Rs 106.2 crore against an EBITDA loss of Rs 7.5 crore a year ago. EBITDA margin stood at 6.2%, marking a strong recovery from last year’s negative base.
In a separate development, the company said its October 2025 revenue crossed the Rs 1,000 crore mark for the first time in its history, coming in at Rs 1,032 crore — a 178% jump from Rs 371 crore in October 2024. Gold ornaments volume rose 77% year-on-year to 764 kg from 432 kg.
Thangamayil noted that while price fluctuations in gold make it difficult to gauge the revenue trend for the remaining months of FY26, its newly opened Chennai metro outlets are performing satisfactorily.
The gold jewellery segment saw a 44% rise in revenue to Rs 1,501 crore, and the non-gold segment (including silver, diamonds, and other products) posted a 52% increase to Rs 135 crore.
Non-gold sales now account for 8.25% of total retail sales, up 38 basis points from 7.87% last year. For H1 FY26, the company reported a 167% jump in net profit to ₹104 crore, while revenue from operations increased 36% to Rs 3,260 crore.With today’s gain the stock is up 27% in the last 3 sessions. Thangamayil shares are up 35% on a year-to-date basis.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)