New Delhi, July 29 -- Thangamayil Jewellery Q1 results: Shares of Thangamayil Jewellery came under heavy selling pressure on Wednesday, hitting the 10% lower circuit at Rs.6,461 on the BSE, even though the company reported a strong set of earnings for the June quarter (Q1 FY27). Investors focused less on the robust financial performance and more on the company's cautious outlook for the ongoing quarter, which weighed on sentiment.

The jewellery retailer delivered sharp growth in both revenue and profitability during the quarter. However, management flagged continued weakness in demand, citing uncertainty surrounding the West Asia war, higher import duty on gold, rupee depreciation and customers delaying purchases in anticipation of lower...