The eastern India based retail jeweller has a network of over 186 showrooms across 17 states & UTs, including one showroom in Dubai, UAE and 7 Sennes showrooms.
Speaking on the performance, Suvankar Sen, Managing Director & CEO, Senco Gold said “The quarter was marked by continued geopolitical tensions, tariff war as well as huge rise in gold price by 32 per cent Y-o-Y and 5 per cent Q-o-Q, consumer demand remained elevated, enabling us to deliver robust topline growth and achieve our highest-ever Q1 retail performance. In Q1, 10 new showrooms were added to the network, comprising 5 COCO (including 1 Sennes store), 1 FOCO, and 4 FOFO formats. The strong momentum was significantly fuelled by a favourable festival like Akshay Tritiya driving our sales. In the retail segment, COCO showrooms, contributing 63% to the overall retail revenue, registered a 25% growth in Q1.”
“The FOFO business, which accounts for the remaining 37%, grew by a strong 34% during the same period. Our old gold exchange program ensures that the price rise impact was mitigated ensuring continued demand,” Sen said.
“We remain confident that, given our long-term strategy and strategic calibrations, we are well positioned to deliver 18%-20% revenue growth, 6.8%-7.2% EBITDA Margin and 3.7%-4.0% PAT margin,” Sen added.
Elaborating on the financial performance, Sanjay Banka (Group CFO & Head IR) commented, “The EBITDA margin improved substantially to 10% as against 9.2% in Q4 FY25 and 7.7% in Q1 FY25 YoY which was primarily driven by higher diamond jewellery sales, improved product mix as we are consistently improving our hyperlocal jewelleries outside East and improved realisation due to gold price rise. OPEX has been maintained under tight vigil leading to operating leverage which has resulted in the improved EBITDA margin.”
