iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Senco Gold Soars 12% on Strong Q4FY24 Revenue Growth

15 Apr 2024 , 12:35 PM

Senco Gold shares surged 12% to ₹894 on BSE following a robust 39% year-on-year revenue growth in Q4FY24. Management is optimistic about FY25, citing local New Year's and the upcoming marriage season as growth catalysts.

At the time of writing, Senco Gold traded 11% higher at ₹942.25, with trading volumes increasing over five-fold. Despite the uptick in gold prices, the company achieved 13% volume growth in gold and 19% in diamonds in FY24.

Same-store Store Sales Growth (SSSG) in FY24 stood at 19%, contributing significantly to overall retail sales growth. Rising gold prices impacted unorganised jewellers, but listed jewellers like Senco Gold saw impressive growth.

Senco Gold management anticipates structurally intact demand, albeit with potential deferment due to price increases. The company has been gaining market share from unorganised players and plans to continue this trend in the medium term.

Senco Gold offers a diverse range of jewellery, including gold, diamond, silver, platinum, and precious stones. The brand portfolio includes lightweight jewellery under "Everlite," silver and costume jewellery under "Gossip," and premium wedding jewellery under "Vivaha" and "Rajwada." The recently launched "Sennes" brand offers leather bags and accessories.

Senco Gold and Diamonds is owned by Senco Gold Limited, a company with a heritage spanning over eight decades. Originally incorporated as Senco Gold Private Limited on August 22, 1994, in Kolkata, West Bengal, the company was later converted into a public limited company in August 2007 under the name Senco Gold Limited.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Revenue Growth
  • Senco Gold
  • Senco Gold News
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.