Thangamayil Jewellery and D.P. Abhushan report strong Q2 results 

Thangamayil Jewellery and D.P. Abhushan reported strong Q2 results with a sharp profit turnaround and robust sequential performance. Both stocks surged sharply, reflecting renewed investor confidence in regional jewellery demand.

The two regional jewellery retail companies delivered very strong Q2 results and have now returned sharply to the radar due to powerful sequential improvement and a major YoY turnaround in profitability. Both operate heavily in traditional gold-driven consumption markets in India, where festive plus wedding demand cycles are structurally very deep.

Thangamayil Jewellery Ltd is a South India-based jewellery retail chain primarily focused on gold, silver, diamond and platinum jewellery with a strong presence across Tamil Nadu. The company operates a multi-format store model targeting semi-urban, Tier 2 & Tier 3 cities and is known for regional brand depth, controlled expansion and demand resilience driven by traditional wedding / festive gold buying cycles.

D.P. Abhushan Ltd is a leading jewellery retail company based in Central India, primarily engaged in the business of manufacturing, trading and retailing gold, diamond and silver jewellery. The company operates multiple showrooms under its brand “D.P. Jewellers” across Madhya Pradesh and neighbouring regions, known for its craftsmanship, purity assurance and strong regional customer loyalty. 4