According to reports from Mint, Thangamayil Jewellery shares continued their bullish momentum for the fourth consecutive session on Thursday, January 8, surging 8.2% to a fresh all-time high of ₹4,149. However, the rally lost steam later in the day, with the stock trading flat at ₹3,837 as of 12:15 PM amid a sharp decline in the broader Indian market. Considering the record high, the stock has delivered a cumulative gain of 28.5% in four days, reflecting robust investor interest and sentiment towards jewellery stocks.
As reported by Mint, sentiment was further bolstered by Q3FY26 business updates from key jewellery companies, raising expectations of a strong performance from Thangamayil. Harshal Dasani, Business Head at INVAsset PMS, explained that the recent sharp appreciation appears to be driven by a convergence of sector-wide momentum and rising expectations around a strong Q3 performance. The December quarter is structurally the strongest period for organised jewellery retailers, aided by festive demand, peak wedding season purchases, and higher store footfalls.
According to latest reports, Senco Gold delivered exceptional quarterly results with 51% year-on-year growth in Q3, significantly outpacing its earlier quarterly performance of 28% in Q1 and 6.50% in Q2. The company achieved a significant milestone with trailing twelve months revenue reaching ₹8,000 crore, while its retail business grew 49% and same-store sales surged 39% in Q3. Senco Gold shares responded positively to these results, surging up to 12% on Wednesday, January 7, following the strong business update announcement. Titan witnessed 41% growth in its jewellery portfolio, buoyed by festive demand, with revenue growth driven by substantial average selling price increases. Kalyan Jewellers recorded consolidated revenue growth of 42% YoY in Q3, with same-store sales growth of nearly 27% and international revenue higher by 36% YoY.
As reported by Mint, Thangamayil reported a net profit of ₹58.15 crore in the September quarter, a sharp turnaround from a net loss of ₹17.45 crore in the same period last year. Total sales grew 45% year-on-year to ₹1,705 crore in Q2 from ₹1,178 crore a year ago. At the operating level, EBITDA stood at ₹106 crore compared to a loss of ₹7 crore in the previous year, marking a 1,614% increase, while the EBITDA margin improved by 710 basis points to 6.48%. For H1 FY26, the company reported a 167% jump in net profit to ₹104 crore, while revenue from operations increased 36% to ₹3,260 crore.
According to Mint, Thangamayil Jewellery share price delivered bumper returns to its shareholders in 2025, surging 69% and extending its annual winning run to the third straight year. Over the last six years, the stock has closed higher in five of them, with 2023 recording the biggest yearly gain of 173%, followed by 2021 with a surge of 130%. On a consolidated basis, the stock has gained 638% over the past three years and 1,181% over the last five years.
