The lifestyle segment gained 29% y-o-y to $352.1 million, led by consistent and strong demand for the group's premium lifestyle products across Greater China and South Asia. The group's lifestyle segment includes business in the spaces of beauty, drones and coffee.
PhillipCapital is keeping its “buy” call on Thakral, with a higher target price of $2.56 from $2.12 previously. This new target price includes a 50% conglomerate discount and reflects current market values of the GemLife and The Beauty Tech Group (TBTG) listed stakes.
To recap, Thakral released its FY2025 ended Dec 31 2025 results on Feb 26, posting earnings of $170.9 million, a five-fold jump from earnings of $28.8 million last year. This came on the back of a 42% y-o-y increase in total revenue (lifestyle segment and investment segment) to $411.3 million, with both segments showing meaningful growth.
