Thangamayil Jewellery Q1 profit jumps 86%, but shares fall 27% in three days
Q1 FY27 revenue rose 71% YoY to Rs 2,666 crore and net profit climbed 86% to Rs 85 crore. Sequential sales softened amid higher gold import duty, rupee depreciation and geopolitical uncertainty; management expects demand to recover in H2.
Thangamayil Jewellery reported Q1 FY27 profit growth of 86% and revenue growth of 71% YoY, but sequential sales weakened as higher import duty, rupee depreciation and West Asia war uncertainty delayed gold purchases. Management saw no Q2 improvement yet but expects demand recovery in H2.
Why this matters
The Q1 update extends Thangamayil’s 71% revenue-growth pattern while aligning with prior signals on duty-led demand pressure, weak Q2 jewellery demand and an expected H2 recovery.
Retail-company signals are accelerating, up 256,740% QoQ.