12 hours ago
Q4 profit up 11%, revenue soars 41% — Thangamayil plans margin boost in FY26
Thangamayil Jewellery is aiming for over 25% revenue growth in the current financial year and plans to open eight new showrooms in FY26, according to SM Lakshmanan, Vice-President of Finance & Accounts.
The jewellery retailer has already opened two stores this fiscal, including its flagship outlet in Chennai, taking the total count to 62. The upcoming eight showrooms will largely be concentrated in Tamil Nadu, with a few more in and around Chennai.
For FY26, Thangamayil is guiding for an EBITDA margin of 6%. The EBITDA margin for FY25 stood at 4.1%, which was lower compared to the previous year due to a combination of customs duty adjustments and a conscious investment in brand-building. “These investments will bring enduring revenue benefits in the future,” Lakshmanan said.
He called the brand spend a one-off, meant to support recent expansions, and expressed confidence in achieving higher profitability this year. “If the customs duty reduction hadn't occurred, our EBITDA margin would have been 5.08%,” he said.
The company is also working towards improving its gross margin from a little over 9% to 10%. Seasonal offers and calibrated discounts continue to be part of the pricing strategy, but the goal remains to improve profitability.
The upbeat projections come after the company posted an 11% rise in consolidated net profit for the March quarter, with revenues jumping 40.7% to ₹1,380.5 crore.
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