Senco Gold Q1 FY27 update: 60% revenue growth, 8 new showrooms
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Senco Gold reported robust Q1 FY27 standalone growth. Total revenue rose 60% year on year and 53% quarter on quarter, with retail revenue up 48% year on year. Same-store sales grew 38% year on year. Diamond jewellery value grew 40% year on year on 15% volume growth. Trailing twelve month sales reached about Rs 9,660 crore. The company opened 8 new showrooms, taking the total network to 208. Old gold exchange made up 43% of sales quantity. Margins face pressure from the 6% to 15% customs duty hike. Outlook says Q2 will be seasonally softer.
Strong topline and store expansion momentum, but customs duty hike and gold price discounting may squeeze Q1 margins. Network growth on track.