Senco Gold Q1 FY27: Revenue Up 60% YoY, Opens 8 New Stores

Senco Gold Ltd reported a robust Q1 FY27 business update, showcasing significant growth driven by elevated gold prices and strong consumer demand during festive periods. Total revenue surged 60% YoY, with retail revenue up 48% YoY and Same Store Sales Growth (SSSG) at 38% YoY. The company opened 8 new showrooms, expanding its network to 208 stores. Diamond jewellery also saw strong growth of 40% YoY. Old gold exchange contributed 43% of total sales, boosted by a '0% deduction' campaign. The company anticipates a seasonally softer Q2 FY27 but remains focused on inventory optimization and margin protection.