Editor’s Note
Thangamayil Jewellery Limited’s stock surged 20% following its announcement of a return to profitability in Q2, highlighting how quarterly results can drive significant market movements.
NEW DELHI: Shares of Thangamayil Jewellery Limited, a company in the jewelry business, were seen trading with a sharp gain of 20% during Monday’s trading session on October 3. This stormy rally was witnessed suddenly in the afternoon after the company announced that its business had turned from a loss to a profit in the second quarter. Following this news, investors have flocked to Thangamayil Jewellery Limited shares today.
Thangamayil Jewellery Limited reported a net profit of ₹58.5 crore in the second quarter. In the September quarter a year ago, the company had incurred a loss of ₹17.4 crore. On the other hand, the company’s operating revenue grew by 45% on a year-on-year basis to reach ₹1,711 crore, compared to ₹1,181 crore in the September quarter of the previous year.
The jewelry company’s EBITDA also showed a tremendous improvement in the second quarter. In the September quarter a year ago, the company had shown an EBITDA loss of ₹7.5 crore, but this time in the September quarter, the company reported an EBITDA of ₹106.2 crore.
This jewelry company’s EBITDA margin was in negative territory in the September quarter of last year, but in this September quarter, the EBITDA margin has reached 6.02%, indicating strong performance here as well.
Due to the reduction in customs duty in recent times, the inventory of this jewelry company touched a figure of ₹15.5 crore in the second quarter. In the two quarters of the financial year 2026, i.e., the June quarter and September quarter, the company has opened a total of 9 new outlets, bringing its total store count to 66 at this time.
Due to strong performance on all fronts in the second quarter, Thangamayil Jewellery’s stock surged 20% today, reaching a high level of ₹2,603. On the previous trading day, Friday, October 31, the stock had closed at ₹2,169.
With a market capitalization of approximately ₹8,092 crore, Thangamayil Jewellery’s shares have delivered a 28% return in the past week, 24% in the past month, 36% in the past 3 months, and 32% in the past 6 months.