SENCO GOLD LIMITED

Senco Gold Limited reported a strong Q1 FY27 performance, achieving record sales that crossed INR 3,000 crores, with consolidated revenue growing by 67% year-on-year and retail sales increasing by 50%. Management noted that April contributed approximately 55% of quarterly sales, driven by Poila Boishakh and Akshaya Tritiya, while sales moderated in May and June due to various challenges. The company experienced a shift in consumer preferences towards lightweight and design-led jewellery, with diamond jewellery sales increasing by 43% in value. Management retained its sustainable operational EBITDA margin guidance at 7.5%-7.8%, citing factors such as gold-price declines and increased competitive discounting affecting margins. The company added net three company-owned stores and plans to open 12-15 more stores, primarily franchise, focusing on East and North India. Management set a goal of 20%+ value growth for FY27, aiming for revenue above INR 10,000 crores.

Management emphasized strong sales growth and positive consumer sentiment.