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.
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.