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Thangamayil Jewellery Limited operates a chain of retail jewellery stores across several districts in Tamil Nadu, a state that have the largest share (40%) of India's total gold consumption.
Thangamayil Jewellery opened two new stores in Chennai, expanding its network to over 66 stores across Tamil Nadu. This move significantly boosts the company's presence in a key market.
Thangamayil Jewellery is expanding operations, announcing two new branch openings in Chennai: Mogaippair West and Puraisaiwakkam. This development strengthens its retail presence.
Thangamayil Jewellery saw phenomenal Aadi Perukku sales, hitting ₹344.16 Cr over 3 days. This is a massive 119.55% YoY increase from ₹156.75 Cr previously, signaling strong seasonal demand.
Thangamayil Jewellery's 26th Annual General Meeting concluded, with a poll held on all 8 resolutions. Results, combining remote e-voting and ballot votes, will be separately disclosed. Investors are looking forward to these voting outcomes.
Company reported Q1 revenue of 2662 Cr (+71% YoY) & PAT of 85.09 Cr (+86% YoY). QoQ, revenue dropped 8% & PAT 41% due to gold import duty hike, currency depreciation, & geopolitical uncertainty. Six new Chennai outlets are opening.