Thangamayil Jewellery Ltd Q3 net profit rises 7 percent to Rs 48 crore

Thangamayil Jewellery Ltd reported a 72 percent increase in net profit to Rs 48 crore ($5.5 million) for the fourth quarter ended December 2024, as against Rs 28 crore in the year ago quarter.

The company’s revenue for the quarter rose by 26 percent to Rs 1,132 crore, as against Rs 895 crore in the corresponding quarter of the previous fiscal year.

“The company did not incur any adverse customs duty under recovery in the third quarter 2025.

Expansion plan proposed is gaining momentum and the company entered into lease arrangements for 8 stores in Chennai,” Thangamayil said in a statement.

“The steep sustained increase in gold and silver prices as of now witnessed if persists, it would have moderate adverse impact on volume offtake even though on realisation front, it would have a positive impact in the current fourth quarter,” it added.

During the first nine months of the current fiscal year, the company opened three taking its total retail store count to 60 as of December 31, 2024. It plans to open 3 new stores during the fourth quarter.