1 month ago
Thangamayil Jewellery Shares Drop 10% After Q1 Results
Thangamayil Jewellery's shares fell 10% after their Q1 results.
The company made more money than last year, but less than the previous quarter.
This happened because people bought less gold due to higher import duties, a weaker Indian Rupee, and worries about the war in West Asia.
Despite the drop, the stock has gone up a lot in the past year.
Some experts think it's a good investment, while others say it's risky.
Thangamayil Jewellery's revenue surged 71.16% YoY to Rs 2,666.38 crore.
Net profit declined 40.35% QoQ to Rs 102.96 crore.
Lower gold sales volume due to increased import duty and INR depreciation.
Same Store Sales (SSS) growth was 44.40% in Q1 FY26, down from 72.31% QoQ.
Shares have rallied 249.03% over the past year despite the recent 10% drop.
- Who
- Thangamayil Jewellery
- What
- Shares dropped 10% after Q1 results
- Where
- India
- When
- After Q1 FY26 results
- Why
- Due to lower gold sales volume, increased import duty, INR depreciation, and uncertainty caused by the West Asia war.
Optimistic Investors
Cautious Investors
Stock Performance
Optimistic Investors
The stock has been a multibagger, rallying 249.03% over the past year, indicating strong long-term growth potential.
Cautious Investors
The sharp 10% decline in shares after Q1 results suggests significant short-term volatility and risk.
Investment Strategy
Optimistic Investors
Market veteran Arun Kejriwal advises maintaining a trailing stop loss to protect profits, suggesting confidence in the stock's long-term prospects.
Cautious Investors
Kranthi Bathini recommends a 'buy-on-dips' and 'sell-on-rallies' approach, indicating a high-risk, high-reward strategy suitable only for investors with a high-risk appetite.
Key facts
- Revenue (Q1 FY26)
- Rs 2,666.38 crore
- Revenue (YoY Growth)
- 71.16%
- Net Profit (Q1 FY26)
- Rs 102.96 crore
- Net Profit (YoY Decline)
- 40.35%
- Same Store Sales (SSS) Growth (Q1 FY26)
- 44.40%
- Same Store Sales (SSS) Growth (QoQ)
- 72.31%
- Stock Performance (1 Year)
- 249.03% rally
- Stock Performance (5 Years)
- 1,370% return
Quotes
Kranthi Bathini
Director of Equity Strategy at WealthMills Securities
“With a concentrated inventory on display, customers tend to make purchases more readily. You have to be nimble‑footed to make money in this high‑priced stock.”
businesstoday.in
“The stock may suit investors with a high‑risk appetite, recommending a ‘buy‑on‑dips’ and ‘sell‑on‑rallies’ approach.”
businesstoday.in
Sources
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