Thangamayil Jewellery Limited — Board Meeting, 28-07-2025: Outcome of Board Meeting

Thangamayil Jewellery has announced a board meeting. The Board approved the financial results for the quarter ended June 30, 2025. Retail sales jumped 28% YoY to Rs. 1,505 Cr, with Gross Profit up 29% at Rs. 167 Cr. However, Profit After Tax declined 19% to Rs. 46 Cr. This dip was mainly due to increased spending on brand building for Chennai expansion and higher depreciation. The company has opened 5 new Chennai outlets and plans more, utilizing rights issue funds. Gold volume saw a 4% dip, attributed to rising prices.