Thangamayil Jewellery’s share price kept climbing for the fourth day in a row, jumping 8.2% to a fresh record of ₹4,149 before easing slightly during the session.
What sparked the rally?
The rise wasn’t just a random price move. Analysts say it combines overall upbeat sentiment in the jewellery sector with strong expectations for the company’s upcoming quarter.
Festive season lifts the whole jewellery market
December is traditionally the strongest month for organised jewellery retailers because of festivals, weddings and higher foot traffic. This year, demand has been especially solid, helping several major players post impressive numbers:
- Senco Gold: revenue up 51% YoY, total twelve‑month revenue reached ₹8,000 cr, and it is guiding for over 25% growth in FY26.
- Titan: jewellery revenue grew 41% thanks to higher average selling prices.
- Kalyan Jewellers: consolidated revenue rose 42% YoY, same‑store sales up about 27%, and international revenue jumped 36%.
Thangamayil’s own numbers
In the September quarter, Thangamayil turned a loss into profit:
- Net profit: ₹58.15 cr (up from a ₹17.45 cr loss a year earlier).
- Total sales: ₹1,705 cr, a 45% increase YoY.
- EBITDA: ₹106 cr, improving from a ₹7 cr loss, with a margin of 6.48%.
- First half of FY26: net profit rose 167% to ₹104 cr; revenue grew 36% to ₹3,260 cr.
How the stock has performed
Thangamayil’s shares have delivered strong returns:
- 2025: up 69% so far.
- Three‑year gain: 638%.
- Five‑year gain: 1,181%.
- Five of the last six years closed higher, with 2023 posting a 173% rise.
Bottom line for investors
The combination of festive demand, better inventory management and solid earnings growth is fueling optimism for Thangamayil Jewellery. While the stock has already surged, the underlying business trends suggest the rally could have more room to run.
Remember, this is perspective, not prediction. Do your own research and consider consulting a certified financial advisor before making any investment decisions.