Thangamayil Jewellery Reports FY 2025-26 Results, Proposes Rs. 18 Dividend Per Share

Thangamayil Jewellery Reports FY 2025-26 Results, Proposes Rs. 18 Dividend Per Share​

Thangamayil Jewellery Limited announced its audited financial results for the year ended March 31, 2026, alongside recommendations for the annual dividend. The company highlighted strong year-over-year growth in both retail and non-gold product segments, accompanied by a proposed dividend of Rs. 18 per equity share.

The Board of Directors recommends a final dividend of Rs. 18 per equity share of the face value of Rs. 10 each (180%) for the Financial Year 2025-26. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting scheduled for July 29, 2026.

Financial and Operational Performance Highlights​

The company reported significant growth across key segments during the 12 months ended March 31, 2026.

Performance metrics for the quarter and year ended March 31, 2026, showed marked increases year-on-year:


Overall, total sales for the 12 months ended March 31, 2026, reached Rs. 8,499 Crs, marking a 73% increase from Rs. 4,917 Crs recorded in the previous year. Retail sales, in particular, saw a 73% jump, reaching Rs. 8,159 Crs.

The company also noted that the non-gold segment, including silver and diamonds, demonstrated strong traction, growing by 84% in total sales, contributing significantly to the overall revenue accretion.

Financial Position and Capital Structure​

In terms of the Balance Sheet, total assets for the year ended March 31, 2026, were recorded at Rs. 3,82,046 million. The total equity stood at Rs. 1,41,600 million, reflecting strong retained earnings and equity reserves.

The financial health indicators also improved:

Market and Operational Developments​

Management detailed several key factors influencing the recent performance and future outlook.

Strategic Shifts and Market Resilience:
The company noted a paradigm shift in its operating strategies, driven by escalating gold and silver prices during FY 25-26. This led to:

• A significant increase in lightweight jewellery sales.
• Enhanced customer engagement through exchange gold offers, sometimes up to 50% on sales.
• Improved customer base penetration in low-value ticket segments, supported by the "Digi gold" scheme.

Impact of Price Increases and Duties:
The industry faced external pressures, including the Government of India increasing the import duty for gold and silver from 6% to 15% on May 13, 2026. Management anticipates that the steep rise in import duty may impact demand in the coming months. However, strong exchange sales—ranging from 50% to 60% of current sales—provided a buffer.

Inventory Gains and Working Capital:
The company achieved a notable realization on inventory, with both gold and silver combined resulting in Rs. 114 million in better realization.

Cash Flow Analysis​

According to the statement of cash flows, the net cash generated from operating activities for the year was Rs. 32,234 million, indicating robust cash flow generation from core business operations.

In summary, while external duties and market volatility are noted, the company successfully leveraged operational strategies and strong domestic demand to post significant revenue and profitability growth in FY 25-26.

THANGAMAYL Stock Price Movement​

As of 2:19 PM, shares of Thangamayil Jewellery Limited are shedding 0.41% in live trading, currently priced at ₹3601.8. The stock has seen significant activity today, with a total traded volume of 452,499 shares so far.