Senco Gold Expands Retail Footprint: Opens 77th Franchisee Store in Bihar 1 day ago
Senco Gold Limited has opened its 77th franchisee store in Bettiah, Bihar, bringing its total store count in India to 183. The new store operates under the Franchise-Owned Company-Operated (FOCO) model. Senco Gold now has 7 stores in Bihar and is progressing towards its target of launching 20 new stores this year, including 10 company-owned and 10 franchisee stores. So far, the company has added 4 company-owned stores and 6 franchisee stores in the current fiscal year.
Senco Gold Unveils Ambitious Retail Expansion and Franchising Strategy 8 days ago
Senco Gold CEO Welcomes 9-Karat Gold Hallmarking, Sees Boost for Affordable Jewellery Market 10 days ago
Senco Gold Ltd: Q1 Revenue Surges 28% Amid Festival Demand
Senco Gold announced impressive Q1 financial results, with total revenue up 28% year-over-year. Retail revenue increased by 24%, while same-store sales grew by 19%. Diamond jewelry sales surged by 35%. The company opened nine new showrooms during the quarter. However, rising gold prices led to a 6.5% reduction in the average weight of gold purchased by consumers.
30May 25
Senco Gold's Q4 Profit Soars 94%, Shares Hit Upper Circuit
Senco Gold Ltd announced a 94% increase in consolidated net profit to Rs 62.00 crore for Q4. Revenue rose by 21% to Rs 1,378.00 crore. The company's retail operations grew by 23%, with an 18.40% same-store sales growth. In response to these strong results, Senco Gold's stock hit the upper circuit, rising 4.99% to Rs 399.70.
Senco Gold's Q4 consolidated net profit reached ₹624.00 million, a 94% year-over-year increase and 86% quarter-over-quarter growth. Revenue rose to ₹13.80 billion, up 21% from the previous year. The company's board recommended a dividend of ₹1.00 per equity share.
29May 25
Senco Gold Reports 94% Profit Surge in Q4, Revenue Up 21%
Senco Gold Ltd. announced strong Q4 financial results with a 94% increase in consolidated net profit to ₹62.00 crore. Revenue grew 21% to ₹1,378.00 crore. EBITDA rose 44.9% to ₹127.00 crore, with an improved EBITDA margin of 9.2%. These results indicate robust demand and enhanced operational efficiency for the Indian jewelry company.
Senco Gold Forges Strategic Partnership with August Jewellery's Melorra Brand
Senco Gold Limited has entered into a strategic partnership with August Jewellery Private Limited (AJPL), the company behind Melorra. The Master Franchise Agreement makes Senco Gold the exclusive Master Franchisee for Melorra, with Senco's existing stores transitioning to Melorra franchises. This partnership aims to expand market reach, diversify product offerings, and enhance retail network. The agreement runs until September 30, 2025, without involving share exchange or joint venture formation.
Senco Gold Achieves Record Q4 Revenue with 23% YoY Retail Growth, Driven by Strong Wedding Season Demand
Senco Gold Limited achieved exceptional results in Q4 FY24-25, with 23% retail growth and 18.4% same-store sales growth. The company's quarterly revenue reached over Rs 1,300 crore, a 19.1% increase. Diamond jewellery sales grew by 39% year-over-year. The company expanded its network to 175 showrooms, adding 15 net new stores in FY24-25. Senco Gold expects continued strong performance in Q1 FY25-26, driven by festive demand and new store openings.
Senco Gold Ltd.'s stock hit the upper circuit following news of increased promoter stake and ambitious expansion plans. Jai Hanuman Shri Siddhivinayak Trust, a promoter entity, acquired 161,000 shares through open market transactions. The company plans to open 8-10 new showrooms in Q4 FY2025, targeting 18-20% growth and EBITDA margin normalization to 7-7.5%. However, Senco Gold faces challenges from high gold prices and slower store additions.
Senco Gold Ltd.'s share price hit the 5% upper circuit following news of increased promoter stake. Jai Hanuman Shri Siddhivinayak Trust, a promoter entity, increased its stake by 0.1% through an open market purchase of 1,61,000 equity shares. The trust's total holding now stands at 6,75,36,656 shares, representing 41.26% of the company's paid-up share capital. The total promoter and promoter group shareholding has increased to 64.17%. This development coincides with surging gold prices in the market, potentially benefiting companies in the gold retail and jewelry sector.