Senco Gold Shares Surge 6.4% on Robust Q1FY27 Earnings
Senco Gold Share Price Surges Over 6% on Robust Q1FY27 Performance
On Monday, 6 July, Senco Gold's share price rose over 6% after the jewellery retailer reported a robust business performance for the first quarter of FY27. The company's strong festive demand and continued retail expansion drove its business growth.
According to the company's exchange filing, Senco Gold expanded its retail network by opening 8 new showrooms during the April-June quarter, bringing its total store count to 208. During the quarter, it launched three company-owned company-operated (COCO) stores, four franchise outlets and one Sennes showroom, while closing one outlet, resulting in a net addition of seven stores. The company plans to open another 12-15 stores during the remainder of FY27, with future expansion expected to be driven largely through the franchise model.
Senco Gold reported a 60% year-on-year growth in standalone revenue during Q1FY27. Retail revenue increased by 48%, while same-store sales growth (SSSG) was 38%, supported by strong consumer demand during Akshaya Tritiya, Poila Baisakh, Baisakhi, Bihu, and the summer wedding season. Despite elevated gold prices and the increase in customs duty from 6% to 15%, the company's strong performance came despite these challenges.
