
Monthly Update13 Apr 2024, 09:35 pm
Senco Gold Ltd Reports Business Update for FY 2023-24 and Q4: 23% YoY Revenue Growth, 54 New Showrooms
AI Summary
In its business update for FY 2023-24 and Q4, Senco Gold Ltd reports a 28% YoY revenue growth and 39% YoY growth in Q4. The company opened 23 new showrooms, taking the total to 159, and achieved a 23% SSSG growth in Q4. Despite rising gold prices, there was a 13% volume growth in gold and 19% volume growth in diamonds in full year. The old gold exchange as a percentage of sales increased from 29% to 32%. The company plans for further expansion, especially in East and North markets.
Key Highlights
- Revenue growth of 28% YoY and 39% YoY in Q4
- 54 new showrooms, totaling 159
- 13% volume growth in gold, 19% volume growth in diamonds
- Old gold exchange as a percentage of sales increased to 32%