Mumbai, July 30 -- The sell-off followed the company's Q1 FY27 results announced on 29 July 2026. Management warned that demand remained weak in the first 28 days of Q2 FY27 as customers deferred gold purchases amid geopolitical uncertainty and expectations of lower international gold prices.

Despite the recent correction, the stock remains up 46.66% over the past three months and 203.23% over the past one year.

The company's profit after tax jumped 86.2% year-on-year to Rs 85.1 crore in Q1 FY27 from Rs 45.7 crore in Q1 FY26. On a sequential basis, profit declined 40.4% from Rs 142.7 crore in Q4 FY26.

Revenue from operations rose 71.2% YoY to Rs 2,662.5 crore in Q1 FY27 from Rs 1,555.3 crore in the corresponding quarter last year. Reve...