Thangamayil share selloff continues: Stock drops 5% despite Rs 344 crore sales in first 3 days of August

In a regulatory filing on Monday, the jewellery retailer said it recorded sales revenue of Rs 344.16 crore during the August 1 to August 3, 2026 period, compared with Rs 156.75 crore in the corresponding period last year. This translates into a 119.55% year on year growth in sales over the three day period.

Thangamayil share selloff explained

Much of the negative sentiment comes from weak guidance following the first quarter release last month. Thangamayil Jewellery said it saw no visible improvement in sales during the first 28 days of the second quarter of FY27. The company attributed this to continued uncertainty around the war and customer expectations of a moderate decline in international gold prices, which led to further postponement of purchases.Also Read |Bluestone Jewellery shares rocket 36% in just three days after Q1 results. Can the momentum sustain?

The company expects this deferred demand to return once the war and gold price situation improves. It remains hopeful of seeing a recovery in demand in the second half of FY27.

Also Read |Q1 surprise sends jewellery stocks shining 40% in a month. Will the surge last in next quarters?

Thangamyil Q1 results

The retailer reported a net profit of Rs 85 crore for the first quarter of FY27, marking an 86% growth from Rs 45.7 crore posted in the same period last year.The company’s revenue from operations jumped 71.2% in the June quarter to Rs 2,666.4 crore from Rs 1,558 crore posted in the corresponding quarter of the previous financial year.

Further, EBITDA (earnings before interest, tax, depreciation and amortization) rose 66.2% to Rs 144.6 crore from Rs 87 crore. Margins for the quarter under review stood at 5.4%, compared with 5.6% in the corresponding period last year.

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