MoneyWorks4Me

Thangamayil Jewellery reports 37% growth in sales turnover on Akshaya Tritiya

25 Apr 2023 Evaluate

Thangamayil Jewellery has done an Akshaya Tritiya FY 2023-24 (2 days) sales turnover of Rs 108.48 crore as against the previous year (FY 2022-23) sales of Rs 79.17 crore, registering a strong 37.01% year-on-year (YOY) growth. This is the highest ever Akshaya Tritiya sales in the company’s History.

All its Branches have, across the Districts wherefrom it operates, done a better Akshaya Tritiya - performance this year.

Thangamayil Jewellery (TMJL) is one of the fastest growing companies in India, positioned in the market as a chain of retail jewellery stores across several districts in Tamil Nadu, a state that is said to have the largest share (40%) of India's total gold consumption (WGC).

Peers