Synopsis:
Thangamayil Jewelry and D.P. Abhushan reported sturdy Q2 outcomes with sharp revenue turnaround and strong sequential efficiency. Each shares surged sharply, reflecting renewed investor confidence in regional jewelry demand.
Two regional jewelry retail firms delivered very sturdy Q2 outcomes and have now come again sharply on radar on account of extraordinarily sturdy sequential enchancment and main YoY turnaround in profitability. Each function closely in conventional gold pushed consumption markets in India the place festive plus wedding ceremony demand cycles are structurally very deep.
Thangamayil Jewelry Ltd is a South India-based jewelry retail chain primarily centered on gold, silver, diamond and platinum jewelry with sturdy presence throughout Tamil Nadu. The corporate operates a multi-format retailer mannequin concentrating on semi city, Tier 2 & Tier 3 cities and is thought for regional model depth, managed growth and demand resilience pushed by conventional wedding ceremony / festive gold shopping for cycles.
With market capitalization of Rs. 8,092 cr, the shares of Thangamayil Jewelry Ltd closed at Rs. 2,603.50 per share, locked at 20% higher circuit in at the moment’s market session, from its earlier shut of Rs. 2,169.60 per share.
QoQ efficiency
Thangamayil Jewelry reported wholesome sequential enchancment with Gross sales rising 10% QoQ to Rs. 1,711 Cr from Rs. 1,558 Cr. EBITDA elevated 22% QoQ to Rs. 106 Cr from Rs. 87 Cr whereas Web Revenue grew 28% QoQ to Rs. 58.5 Cr from Rs. 45.7 Cr. EPS additionally improved 28% QoQ to Rs. 18.82 vs Rs. 14.71 final quarter.
YoY efficiency
YoY momentum was extraordinarily sturdy with Gross sales up 45% from Rs. 1,181 cr to Rs. 1,711 cr, EBITDA noticed a turnaround to Rs. 106 cr from a lack of Rs. 7.45 cr and Web Revenue additionally noticed a turnaround to Rs. 58.5 cr from a lack of Rs. 17.4 cr. EPS additionally a real truenaround from – Rs. 5.61 final 12 months to Rs. 18.82 this quarter.
D.P. Abhushan Ltd is a number one jewelry retail firm primarily based in Central India, primarily engaged within the enterprise of producing, buying and selling and retailing gold, diamond and silver jewelry. The corporate operates a number of showrooms beneath its model “D.P. Jewellers” throughout Madhya Pradesh and neighbouring areas, recognized for its craftsmanship, purity assurance and robust regional buyer loyalty.
With market capitalization of Rs. 3,365 cr, the shares of D.P. Abhushan closed at 1,474.70 per share, jumped 11% in at the moment’s market session making a excessive of Rs. 1,563.90, from its earlier shut of Rs. 1,412 per share.
QoQ efficiency
D.P. Abhushan posted sturdy sequential efficiency with gross sales rising 79% QoQ to Rs. 968 Cr in Q2FY26 from Rs. 540 Cr Q1FY26. EBITDA elevated 39% QoQ to Rs. 75.7 Cr from Rs. 54.3 Cr, whereas Web Revenue jumped 42% QoQ to Rs. 51.5 Cr from Rs. 36.4 Cr. EPS additionally improved 40% QoQ to Rs. 22.54 from Rs. 16.07 in Q1.
YoY efficiency
On a YoY foundation, Gross sales dipped marginally 4% from Rs. 1,005 cr to Rs. 968, nonetheless, profitability improved materially with EBITDA up 99% to Rs. 75.7 cr from Rs. 38 cr and Web Revenue rising 105% from Rs. 25.1 cr to Rs. 51.5 cr. EPS additionally elevated 103% YoY from Rs. 11.11 to Rs. 22.54.
Written by Manideep Appana
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