Thangamayil Jewellery Ltd reported a 19% year-on-year decline in net profit to ₹46 crore in Q1 FY26, despite a 27% increase in revenue to ₹1,555 crore.
Madurai-based Thangamayil Jewellery Ltd reported a 19 per cent drop in net profit to ₹46 crore for the first quarter ended June 30, 2025, as against ₹57 crore in the corresponding quarter last year. Revenue rose by 27 per cent to ₹1,555 crore (₹1,220 crore).
Gold ornament sales dropped by 4 per cent to 1,496 kg (1,547 kgs). For the first time post-Covid, the volume dropped in the first quarter due to a steep increase in the gold price.
The drop in volume trend continues up to the date of reporting, July 28. The industry at large and the company in particular expect the volume to improve with a reduction or stable gold price prevalence in the subsequent quarters of the 25-26 financial year, the company said in a communication to the National Stock Exchange.
The company’s share price on the NSE closed at ₹1,751.20, down ₹82.40 (- 4.49%) from the previous close.
Published on July 28, 2025
