Thangamayil Jewellery Limited has informed the Exchange about Akshaya Tritiya Sales - FY -2025-26
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Thangamayil Jewellery reported Akshaya Tritiya (30th April 2025) sales of Rs. 158.80 crore, only marginally higher than Rs. 157.28 crore in the previous year. This flattish top-line growth came despite a sharp 34.03% year-on-year rise in gold prices on the day. As a result, gold volume sold fell 24.42% to 159.11 kgs, compared to 210.52 kgs last year. Non-gold revenue, however, grew a healthier 8.03% to Rs. 11.17 crore, up from Rs. 10.34 crore, indicating relatively better traction in diamond and other jewellery segments.
Marginal revenue growth despite steep gold price inflation means real demand at the volume level has weakened, which is a mild concern for jewellery retailers. However, the 8% growth in non-gold revenue and stable overall takings suggest the franchise is holding up, though investors should watch for sustained volume softness in coming festive quarters.