In a market week where weakness was visible across sectors, one stock walked its own path.
Thangamayil Jewellery's share price continued its strong climb, turning into one of the most talked-about multibagger jewellery stocks of the season. The stock didn’t just rise—it surged with rare intensity, creating a wave of interest among investors tracking multibagger jewellery themes and momentum-driven moves.
Market Performance: Thangamayil Jewellery Share Price in Focus
Friday’s session added another chapter to this remarkable run.
Thangamayil Jewellery share price jumped 8%, hitting a new record of ₹3,319.80 on November 7. This marked the sixth straight day of gains, keeping the momentum firmly intact.
The recent rally has been nothing short of extraordinary:
- 70% jump in just 10 sessions
- Nearly 50% gains this week, the strongest since July 2023
For a stock already known for sharp price swings, the speed and consistency of this climb turned it into one of the standout multibagger jewellery stories in the market right now.
Main News: What Powered the Thangamayil Jewellery Rally
The latest trigger came from the company’s Q2 performance, which added fresh energy to the ongoing trend. The stock had already been on a recovery path, and the quarterly update strengthened that momentum even further.
The financial turnaround is clearly visible in the numbers.
Key Financial Highlights (Q2)
- Net profit: ₹58.15 crore
- Compared to a loss of ₹17.45 crore last year
- Total sales: ₹1,705 crore
- Up from ₹1,178 crore
- Wholesale sales: ₹69 crore
- Up 47%
- Retail sales: ₹1,636 crore
- Up 45%
- EBITDA: ₹106 crore
- From a loss of ₹7 crore last year
- EBITDA margin: 6.48%, up 710 bps
Company Details: Expansion, Store Growth, and Record Revenue
Thangamayil Jewellery’s operations also saw meaningful expansion during the quarter, adding to the overall narrative.
Operational Updates
- Seven new stores opened during the quarter
- The total network increased to 66 outlets.
- First phase of the Chennai expansion completed and performing well.
- Chennai operations expected to grow further once fully scaled.
The company also reported strong performance for the half-year period and a standout month of October.
Half-Year (H1 FY26) Financials
- Net profit: ₹104 crore (↑167%)
- Revenue: ₹3,260 crore (↑36%)
Record-Breaking October
- ₹1,032 crore revenue in October
- First time crossing the ₹1,000 crore monthly mark
- 178% YoY growth compared to ₹371 crore last year
These operational updates helped keep Thangamayil Jewellery's share price in sharp focus. The combination of strong sales momentum and store expansion created a supportive backdrop for the stock’s rally.
The long-term data adds another layer to the multibagger theme:
- 557% gain in 3 years
- 1,417% gain in 5 years
- On track for its third annual gain
- Positive in 5 out of the last 6 years
Such numbers naturally place the stock among notable multibagger jewellery stocks tracked by long-term followers of the sector.
Summary: A Multibagger Jewellery Stock That Defied the Market Mood
Even as broader indices stayed muted, Thangamayil Jewellery share price carved its own momentum story—powered by strong Q2 numbers, consistent operational growth, and record-breaking monthly revenue.
Key points to remember:
- 70% rally in 10 sessions
- New all-time high of ₹3,319.80
- Q2 profit of ₹58.15 crore vs loss last year
- Strong sales growth across retail and wholesale
- 66 stores now operational
- October revenue crossed ₹1,000 crore for the first time
- Massive long-term returns over 3–5 years
Easy & quick
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