TO RECOMEND DIVIDEND OF RS.18/- PER SHARE SUBJECT TO APPROVAL OF SHAREHOLDERS .
THANGAMAYL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 0.4 pts less than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Thangamayil Jewellery reported strong FY2025-26 results with total revenue of Rs.8,500 Cr (up 73% YoY) and PAT of Rs.352 Cr (up 195% YoY), far exceeding 25% profit growth threshold. EBITDA margin expanded by 221 bps to 6.79%, while gross profit margin improved by 215 bps to 11.26%. Same store sales growth was exceptional at 38.18%. The Board recommended a final dividend of Rs.18 per share (180%), totaling Rs.5,595 lakhs, up 44% from prior year. An exceptional item of Rs.238 lakhs was recorded due to one-time provisioning under new labour codes. The auditor issued an unmodified opinion with no qualifications. The company flagged that the government's 150% increase in gold/silver import duty (from 6% to 15%) on May 13, 2026 may impact future demand but noted potential inventory gains of ~Rs.60 Crs on existing stock.
Strong operational performance with significant margin expansion and profit growth signals company health; dividend increase rewards shareholders. However, the recent import duty hike creates uncertainty for near-term demand, though existing inventory may benefit from price appreciation.