Senco Gold shares hit 5% upper circuit after Q1 revenue jumps 28% on festive-fuelled demand
ADVERTISEMENT Total revenue rose 28% year-on-year, with retail revenue up 24% and same-store sales growth (SSSG) at 19%. Key festivals like Akshaya Tritiya, Poila Baishakh, and Baisakhi boosted footfalls across stores. The company also recorded 10% growth in invoices and SKU volumes.
Diamond jewellery volume grew 35%, while gold coins accounted for 4.5% of sales. Domestic gold prices averaged Rs 86,900–1,01,000 per 10 grams, up 32% YoY.
Senco launched nine new showrooms, bringing the total to 179, and added a Sennes outlet in Patna, expanding the sub-brand to seven stores. The company also entered Nagpur via the franchise route.Despite some softness in volume—particularly in the mass and bridal segments—value-based demand remained strong, supported by a ~40% contribution from old gold exchange.The company also launched multiple festive campaigns and introduced 11,400 new designs during Q1.
ADVERTISEMENT
Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70%
Senco Gold has already launched nine showrooms and remains on track to meet its FY26 target of 20 new stores. The company has a healthy pipeline of franchisee outlets under the FOFO (Franchisee Owned Franchisee Operated) and FOCO (Franchisee Owned Company Operated) models, and is also exploring franchise expansion for its lifestyle brands — Sennes, Gossip, and Everlite. Sennes, positioned as a modern brand, is expected to maintain its growth momentum.
ADVERTISEMENT Q2 is typically a seasonally soft quarter, due to the absence of major festivals or weddings, with demand largely dependent on the monsoon. However, factors such as an early onset of monsoon (for the first time in 16 years), a 106% above-average rainfall forecast, and a stable macroeconomic environment have prompted the company to focus on inventory optimisation, festive collections, and a stronger push for diamond and lightweight jewellery.Gold price volatility and upcoming festivals like Raksha Bandhan and Onam will be key demand drivers. The company also noted rising consumer interest in 14K and 18K jewellery, even as the broader industry shifts toward 9K options.
ADVERTISEMENT
Also Read: 10 Nifty smallcap stocks analysts expect to rally up to 72%
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
(You can now subscribe to our ETMarkets WhatsApp channel)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
5 minutes ago
- Time of India
Meghalaya CM Sangma inaugurates NE's biggest bottling plant in Mendipathar
Meghalaya marked a milestone with the opening of a PepsiCo bottling plant. Conrad K Sangma inaugurated the Rs 340-crore facility in Mendipathar. The project promises economic growth and employment opportunities. It fulfills a long-held vision for industrial development in the Garo Hills. Another beverage plant is also nearing completion in the Tikrikilla-Bajengdoba region. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Meghalaya Chief Minister Conrad K Sangma on Wednesday inaugurated a Rs 340-crore PepsiCo bottling plant at Medipathar town in North Garo Hills District , officials said. Mendipathar is the only town in the state having a railway the project a "blessing" for the state, Sangma said, "This is a symbol of the economic growth that Meghalaya is on track to achieve. Nobody would have ever imagined that the largest bottling plant in the NE would be right here in Mendipathar."He said the project would raise aspirations among the youth and stimulate ancillary industries."We can anticipate that different avenues will come up in the region," he across 37 acres in the Mendipathar Industrial Area, the bottling unit is expected to generate direct and indirect employment for hundreds of people in the the long-delayed promise of industrial development in Garo Hills, the CM said the Mendipathar industrial area was conceptualised in the 1990s, but saw no investment for over 30 years."There was hope and expectation, which never got fulfilled," he said, paying tribute to the vision of his late father and former Lok Sabha Speaker P A Sangma."Today is a day of hope and fulfilment of that vision he had for Mendipathar and Meghalaya in general," Sangma said, while thanking local Nokmas and residents for donating land for the industrial area decades said the plant would also lead to economic growth in Mendipathar through increased demand for housing, retail and other further announced that another beverage plant is being set up in the Tikrikilla-Bajengdoba region, with 90% of construction work already Speaker Timothy D Shira, Power Minister A T Mondal, PHE Minister Marcuise Marak, MIDC Chairman James K Sangma and other MLAs were present at the inaugural CM also thanked Varun Beverages Chairman Ravikant Jaipuria and Varun Jaipuria for their commitment."Ravikant ji is a visionary. Though the target was nine months, the project was completed in 11 months," he said, lauding the company's time-bound execution.
Time of India
5 minutes ago
- Time of India
PM Kisan 20th instalment date confirmed: PM Modi will send it your bank account on August 2, 2025
Good news for PM Kisan beneficiaries! The 20th installment of the PM-Kisan scheme, amounting to Rs 20,500 crore, will be released on August 2, 2025. Prime Minister Narendra Modi will disburse the funds to 9.7 crore farmers during his visit to Varanasi. Eligible farmers must complete their eKYC to receive the benefit. Tired of too many ads? Remove Ads PM Kisan Yojana Scheme: When 20th instalment of Rs 2000 will be credited? What is PM Kisan? Only these farmers are eligible to get PM Kisan 20th instalment Tired of too many ads? Remove Ads Eligibility for PM-Kisan scheme Modes of eKYC for PM Kisan How farmers can check their PM Kisan beneficiary status There is a good news for PM Kisan beneficiaries. The next installment of the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme will be released next month i.e., in August 2025. Prime Minister Narendra Modi will disburse funds during his visit in Varanasi. According to PIB release, PM Modi will visit his constituency Varanasi where he will disburse the next instalment of PM Kisan Samman the launch of the scheme in 2019, Rs 3.69 lakh crore has been transferred to farmers' accounts through 19 installments. In the 20th installment, Rs 20,500 crore will be transferred to 9.7 crore Minister Narendra Modi will release the 20th instalment of PM-Kisan Samman Niddhi for eligible beneficiaries on August 2, 2025 during his visit to Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme offers financial support of Rs.6,000 per year to eligible farmers in three equal installments of Rs.2,000. Each instalment is credited directly to the beneficiary account once in every four farmers should note that completing eKYC is compulsory to receive the 20th instalment. Without completing the eKYC they will not receive the next can do it online by visiting and selecting the 'e-KYC' option. They must enter their Aadhaar number, validate it through an OTP, and submit the receive the instalment under the PM-Kisan scheme, a farmer must meet certain eligibility criteria. The applicant must be an Indian citizen and own cultivable land with valid land records. Additionally, the farmer must link their Aadhaar number to their bank account and complete eKYC verification to ensure timely disbursal of the benefit. Farmers who are income tax payers, pensioners, or employed in government/public sector jobs are not eligible for the are following three modes of eKYC available to the farmers of the PM Kisan scheme (i) OTP-based e-KYC (available on PM-Kisan Portal and Mobile App).(ii) Biometric based e-KYC (available at Common Service Centres (CSCs) and State Seva Kendra (SSKs))(iii) Face authentication-based e-KYC (available on PM Kisan Mobile app which is used by millions of farmers).Step 1: Visit the official PM Kisan 2: Access the Beneficiary Status 3: Click on "Beneficiary Status"Step 4: Enter your Aadhaar Number or Account 5: Click on "Get Data"Step 6: View Beneficiary 7: Check for Payment beneficiary status will be shown on the screen when the system processes
Hans India
5 minutes ago
- Hans India
PM Modi to release 20th installment of PM-KISAN from Varanasi on August 2
New Delhi: Prime Minister Narendra Modi will release the 20th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on August 2 from Varanasi, marking another significant step in the government's direct benefit transfer initiative for farmers. The PM-KISAN scheme is a central sector scheme launched in February 2019 by Prime Minister Modi to supplement the financial needs of land-holding farmers. Under this scheme, the financial benefit of Rs 6,000 per year in three equal instalments is transferred into the bank accounts of farmers' families across the country through the Direct Benefit Transfer (DBT) mode. The PM-KISAN scheme is one of the largest DBT schemes in the world. On Wednesday, a high-level meeting to finalise preparations for the nationwide event was held in Delhi, chaired by Union Agriculture and Farmers Welfare Minister Shivraj Singh Chouhan. Chouhan described the PM-KISAN scheme as a "historic success", highlighting its role in directly supporting farmers' incomes. He announced that the distribution of the 20th instalment would be conducted as a nationwide campaign, with events organised across all states. These gatherings will witness participation from lakhs of farmers, along with Chief Ministers, Union Ministers, MPs, MLAs, and other public representatives. The meeting also included a virtual session with 731 Krishi Vigyan Kendras (KVKs), over 100 institutes of the Indian Council of Agricultural Research (ICAR), and Vice Chancellors and officials from agricultural universities across India to coordinate efforts ahead of the Varanasi event. "This is not just a financial transaction but a mission to empower our farmers and raise awareness," Chouhan said. He urged that the programme be organised with enthusiasm and wide participation, ensuring it reaches farmers at the grassroots level. The upcoming 20th instalment, amounting to approximately Rs 20,500 crore, will benefit around 9.7 crore farmers nationwide. To ensure maximum participation and outreach, Minister Chouhan directed officials to engage rural networks, including Krishi Sakhis, Drone Didis, Bank Sakhis, Pashu Sakhis, Insurance Sakhis, and Gram Panchayat Sarpanches, to spread awareness about the event and mobilise local communities. "I appeal to all farmer brothers and sisters to actively join these programmes on August 2 and make this a festival of gratitude and empowerment," he added. Also present at the meeting were Union Agriculture Secretary Devesh Chaturvedi, ICAR Director General Dr Mangi Lal Jat, and other senior officials, who discussed logistical details and promotional strategies to ensure the programme's success. Under PM-KISAN, the government provides Rs 6,000 annually to eligible farmers, transferred in three equal instalments of Rs 2,000 each. Since its inception in 2019, the scheme has disbursed over Rs 3.69 lakh crore across 19 instalments, directly into farmers' bank accounts. On February 24, Prime Minister Modi had released the 19th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme in Bihar's Bhagalpur. During the event, over 9.8 crore farmers, including 2.41 crore female farmers, across the country benefited, receiving direct financial assistance exceeding Rs 22,000 crore through DBT without involvement of any middlemen.
