Thakral Corporation Ltd has reported a significant increase in its adjusted attributable profit for the first quarter of 2026, reaching S$3.3m. This marks a more than twofold rise compared to the same period last year, largely due to a 47% surge in revenue from its Lifestyle segment, which hit S$109m. The growth was primarily fuelled by strong performances in South Asia and Greater China, with increases of 52% and 55% respectively.
Despite the impressive profit figures, Thakral faced a S$31.5n unrealised fair value loss on its investments in GemLife and The Beauty Tech Group (TBTG), attributed to broader market weaknesses in March 2026. However, both investments have shown signs of recovery in the second quarter.
The Lifestyle segment’s success is attributed to Thakral’s exclusive distributorship with DJI in South Asia and the expansion of its beauty and fragrance brands in Greater China. The company plans to continue this momentum by opening 20 to 30 DJI stores across India and South Asia over the next few years.
Looking ahead, Thakral anticipates a 25% growth in its Lifestyle segment for the full year 2026. The company is also advancing its mixed-use healthcare-led development in Gurugram, India, following the acquisition of a majority stake in TIL Investments Private Limited. CEO Inderbethal Singh Thakral expressed confidence in the company’s strategic direction, emphasising the long-term potential of its investments.
