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Thangamayil Jewellery
SectorConsumer Goods
In the news
BoB Capital upgrades Thangamayil Jewellery to buy with ₹6,355 target
Thangamayil Jewellery shares crash 35% despite strong Q2 outlook
Thangamayil Jewellery Q2 Outlook Weak: Shares Crash 19% in 2 Days
Jewellery stocks surge 40% in month; Titan up 14%, Kalyan 40%
Southern jewellery stocks outperform Titan with 33-63% discounts
Thangamayil Jewellery Q4 profit doubles to ₹142 crore
Thangamayil Jewellery Proposes ₹18 Dividend After Strong Q4 Results
Thangamayil Jewellery Q4 revenue doubles, declares ₹18 dividend
Gold Stock Falls 2% as PM Modi Urges Year-Long Gold Purchase Restriction
Gold stocks tumble 14% for fourth day as markets hit 4-year lows
Thangamayil Jewellery sales surge 76% in Akshaya Tritiya period
Thangamayil Jewellery surges 28% in 4 days on Q3 optimism
Kalyan Jewellers Surges 3% on 42% Q3 Revenue Growth
Company insights, generated from the most recent coverage.
Thangamayil is the only listed jeweller whose management publicly said the PM's appeal and duty hike could weigh on coming months, with public reaction 'still unfolding'. That candour versus Titan's silence on the appeal fits a smaller, more price-sensitive customer base with less cushion for a 15% duty.
Exchange gold jumped to 50-60% of Thangamayil's current sales against a ~25% historical average. Doubling of the exchange mix in one cycle is the clearest evidence that high prices and the PM's appeal changed how Indians buy gold, not whether they buy.
Thangamayil is the clear laggard in the jewellery basket — down ~26% over three months while Sky Gold, PC Jeweller and Kalyan all hit 52-week highs. That gap is what makes it the first name bought when the sector turns, but it also means the market has a specific concern it has not yet resolved.