At Thangamayil Jewellery Ltd., the first fiscal quarter of 2012-13 which closed on June 30, 2012, recorded 61 percent increase in sales to value $64.7 million, reports say. Profits rose 42 percent (on y-o-y basis) to $2.7 million. Expenses were up by 61 percent to $59.1 million.

The company is a leading manufacturer of jewellery, in India