Thangamayil Jewellery Reports 76% Revenue Growth Amid Rising Gold Prices
Thangamayil Jewellery revenue jumps 76% YoY to Rs 279 crore, volumes rise 15%
Business Standard
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Thangamayil Jewellery's revenue surged 76% year-on-year to ₹279.27 crore during FY27, driven by strong Akshaya Tritiya sales. The company achieved a 15% increase in gold sales volume despite a 59% rise in gold prices, showcasing resilience in the market.
- 01Revenue jumped 76% year-on-year to ₹279.27 crore.
- 02Gold sales volume increased by 15% to 183.20 kg.
- 03Non-gold revenue rose 61% to ₹17.99 crore.
- 04Standalone net profit soared 121% to ₹106.49 crore.
- 05Shares of Thangamayil Jewellery rose 0.29% to ₹4,141.90.
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Thangamayil Jewellery has reported a remarkable 76% increase in revenue for FY27, reaching ₹279.27 crore compared to ₹158.80 crore in the previous year. This growth was primarily driven by strong sales during the Akshaya Tritiya festival, despite a significant 59% surge in gold prices. The company also saw a 15% rise in gold sales volume, totaling 183.20 kg, up from 159.11 kg last year. Additionally, non-gold revenue grew by 61% to ₹17.99 crore. The company's standalone net profit experienced a staggering 121% increase, amounting to ₹106.49 crore, supported by a 112.2% rise in revenue from operations, which reached ₹2,401.21 crore in Q3 FY26 compared to Q3 FY25. Following the announcement, Thangamayil Jewellery's shares rose 0.29%, closing at ₹4,141.90 on the Bombay Stock Exchange.
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The significant revenue and profit growth may lead to increased job stability and potential expansion for Thangamayil Jewellery, benefiting employees and stakeholders.
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