The japanese India based mostly retail jeweller has a community of over 186 showrooms throughout 17 states & UTs, together with one showroom in Dubai, UAE and seven Sennes showrooms.
Talking on the efficiency, Suvankar Sen, Managing Director & CEO, Senco Gold mentioned “The quarter was marked by continued geopolitical tensions, tariff struggle in addition to large rise in gold value by 32 per cent Y-o-Y and 5 per cent Q-o-Q, client demand remained elevated, enabling us to ship strong topline progress and obtain our highest-ever Q1 retail efficiency. In Q1, 10 new showrooms have been added to the community, comprising 5 COCO (together with 1 Sennes retailer), 1 FOCO, and 4 FOFO codecs. The sturdy momentum was considerably fuelled by a beneficial competition like Akshay Tritiya driving our gross sales. Within the retail phase, COCO showrooms, contributing 63% to the general retail income, registered a 25% progress in Q1.”
“The FOFO enterprise, which accounts for the remaining 37%, grew by a powerful 34% throughout the identical interval. Our previous gold alternate program ensures that the value rise impression was mitigated guaranteeing continued demand,” Sen mentioned.
“We stay assured that, given our long-term technique and strategic calibrations, we’re nicely positioned to ship 18%-20% income progress, 6.8%-7.2% EBITDA Margin and three.7%-4.0% PAT margin,” Sen added.
Elaborating on the monetary efficiency, Sanjay Banka (Group CFO & Head IR) commented, “The EBITDA margin improved considerably to 10% as towards 9.2% in This autumn FY25 and seven.7% in Q1 FY25 YoY which was primarily pushed by greater diamond jewelry gross sales, improved product combine as we’re constantly bettering our hyperlocal jewelleries exterior East and improved realisation as a result of gold value rise. OPEX has been maintained underneath tight vigil resulting in working leverage which has resulted within the improved EBITDA margin.”
