Senco Gold Q1 update: Revenue jumps 60% on festive demand; SSSG at 38%, 8 new showrooms opened

Senco Gold reported a 60% year-on-year rise in Q1 revenue, with retail revenue growing 48% YoY and same-store sales growth at 38%, supported by a favourable festive calendar including Akshaya Tritiya and the wedding season. The company opened 8 new showrooms taking the total network to 208, and plans to add 12-15 more in the coming quarters, though margin pressure is expected in Q1 due to around 50% hedging levels and heavy discounting amid the customs duty hike on gold from 6% to 15%.