Thangamayil Jewellery Q1 profit jumps to ₹85 crore

What the company reported for Q1

Thangamayil Jewellery reported a sharp year-on-year rise in Q1 standalone profitability, alongside strong growth in revenue and EBITDA. Standalone net profit for the quarter was reported at ₹85 crore, compared with ₹45.7 crore a year earlier. Revenue was reported at ₹2,660 crore versus ₹1,550 crore in the year-ago quarter. EBITDA for the quarter was reported at ₹140 crore, up from ₹84.4 crore year-on-year. While operating profit grew, the EBITDA margin was largely stable but slightly lower year-on-year. The EBITDA margin was reported at 5.3% versus 5.4% in the corresponding period.

Board meeting scheduled to review Q1 results

The company said its board would convene on July 29 to review the financial results for the first quarter. The date has been flagged as the meeting where the Q1 numbers would be taken up by the board. This is a standard corporate process for listed companies, where the board reviews and approves quarterly financial statements. The July 29 date also appears elsewhere in the company’s calendar in the context of shareholder-related events. Separately, shareholder approval is referenced for a final dividend at an Annual General Meeting scheduled for July 29, 2026.

Headline Q1 numbers (as presented)

The following table captures the headline Q1 figures provided, with amounts normalised to ₹ crore.

Quarterly table data also shared for Jun 25

A separate quarterly results table for “Quarter ended Jun 25” provides another set of operating and profit line items, with figures stated in crores (except per share values). In that table, total revenue is listed at ₹1,555.32 crore for Jun 25, compared with ₹1,220.33 crore for Jun 24. Operating income is listed at ₹77.61 crore for Jun 25 versus ₹102.64 crore for Jun 24. Net income is shown at ₹45.71 crore for Jun 25 versus ₹56.56 crore for Jun 24. The same table shows diluted normalised EPS of ₹14.71 for Jun 25, versus ₹19.97 for Jun 24. The dataset also includes expense lines such as total operating expense of ₹1,477.71 crore for Jun 25 and selling, general and admin expenses of ₹56.84 crore.

FY 2025-26 performance and what supported it

For the fiscal year ended March 31, 2026, Thangamayil Jewellery reported strong growth in revenue and profit. Full-year revenue was reported at ₹8,513.75 crore, up from ₹4,916.30 crore in the previous year. Net profit for FY26 was reported at ₹351.65 crore, compared with ₹118.71 crore in FY25. The company also reported total turnover of ₹8,499 crore, up 73% year-on-year, and profit after tax of ₹352 crore, up 195%. Profit before tax (PBT) was reported at ₹469 crore, representing 193% growth year-on-year. The company also reported an improved EBITDA margin of 7.07% for FY26.

Q4 FY26 showed a sharp jump in revenue and profit

The company’s March-quarter (Q4) performance was also highlighted, with large year-on-year gains. Total income from operations for Q4 FY26 was reported at ₹2,839.17 crore, versus ₹1,380.73 crore in Q4 FY25. Net profit after tax for Q4 FY26 was ₹142.66 crore, compared with ₹31.40 crore in Q4 FY25. Quarterly EBITDA was reported at ₹214.40 crore versus ₹57.37 crore in the year-ago quarter. EBITDA margin for the quarter was reported at 7.84%, expanding from 4.33% a year earlier. Q4 EPS was reported at ₹45.89, compared with ₹10.18 in Q4 FY25.

Dividend recommendation and shareholder timeline

Reflecting the FY26 profitability, the board recommended a final dividend of ₹18 per equity share (180%), subject to shareholder approval. The approval is linked to the Annual General Meeting scheduled for July 29, 2026. Dividend decisions are typically assessed by investors alongside profitability, cash flows, and working capital needs, particularly in retail-heavy businesses. The company’s auditors issued an unmodified opinion on the financial statements, as reported.

Operating footprint and retail indicators mentioned

The company reported retail sales of ₹8,159 crore for FY26 and noted it operated 66 retail outlets. It also reported same store sales (SSS) growth of 38.18% for the 12-month period. For Q4, retail sales were reported at ₹2,730 crore versus ₹1,316 crore in the corresponding period of the previous year. These retail metrics, when read with profit growth, help explain why the company’s annual profitability moved up sharply year-on-year.

Market reference points cited

A market price reference was also provided: Thangamayil shares closed at ₹3,616.50 on May 13, 2026 (NSE). Separately, an “upcoming earnings date” was mentioned as May 15, 2026, in the context of March-quarter results. These dates sit alongside the later July 29 board meeting that the company has announced for reviewing Q1 financial results.

Key financial snapshot across periods

The table below summarises selected reported figures across FY26 and Q4, with amounts normalised to ₹ crore.

Why this Q1 update matters for investors

The Q1 headline numbers point to strong year-on-year growth in revenue, EBITDA, and profit, with margins broadly stable around the mid-single digits. The board meeting date is important because it sets the formal timeline for reviewing and taking the quarterly results on record. Investors typically watch whether revenue growth is accompanied by stable operating margins and how profit scales versus the prior year. The company’s FY26 and Q4 numbers also provide context on the scale of growth reported over the last few quarters, including the sharp rise in quarterly profitability in Q4.

What to watch next

The next immediate milestone is the board meeting on July 29 to review the company’s Q1 financial results. Separately, the AGM scheduled for July 29, 2026 is the event referenced for shareholder consideration of the recommended final dividend of ₹18 per share. Any further disclosures made alongside these events will add to the picture of quarterly trends in revenue, margins, and profitability.