Thangamayil Jewellery has delivered a strong financial performance in the third quarter, reporting a sharp year-on-year growth across key metrics, supported by robust festive demand, higher footfalls, and improved scale of operations.
For the December quarter, Thangamayil Jewellery posted a net profit of ₹105 crore, compared with ₹48 crore in the corresponding period last year. The strong earnings growth reflects healthy revenue momentum and operating leverage during the peak jewellery buying season.
Revenue for the quarter surged to ₹2,406 crore, more than doubling from ₹1,132.5 crore recorded in Q3 of the previous financial year. The significant rise in topline was driven by higher gold prices, strong wedding demand, and steady expansion in southern markets, particularly Tamil Nadu.
On the operating front, EBITDA stood at ₹172.2 crore, up sharply from ₹83.3 crore on a year-on-year basis. Despite the strong absolute growth, EBITDA margin came in slightly lower at 7.2%, compared with 7.4% in the year-ago quarter, indicating mild margin pressure amid higher input costs and competitive pricing.
