The shares of Senco Gold Limited were trading at ₹365.60 down by ₹81.40 or 18.21 per cent on the NSE today at 10.40 am.
Kolkata-based jewellery retailer Senco Gold Limited reported its highest-ever quarterly revenue of over ₹2,100 crore for Q3 FY25, marking a 27.3 per cent year-on-year growth, according to a press release issued today. The company achieved a consolidated revenue of ₹2,102.55 crore for the quarter ended December 31, 2024.
Despite the record sales, Senco’s profitability was impacted by the reduction in customs duty and gold price volatility. The company reported an EBITDA margin of 3.8 per cent for Q3, down from 11 per cent in the same period last year. However, when adjusted for the one-time customs duty impact, the adjusted EBITDA margin stood at 5.1 per cent.
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The jeweller expanded its network to 171 showrooms, adding 12 new outlets in the first nine months of FY25. It plans to open an additional 8-10 showrooms in Q4. Senco also announced the incorporation of a new subsidiary, Sennes Fashion Limited, to diversify into premium leather accessories, lab-grown diamond jewellery, and perfumes.
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Managing Director & CEO Suvankar Sen attributed the strong revenue growth to robust consumer demand during the festive season, with the company achieving a single-month revenue of ₹1,000 crore during Dhanteras. The company also successfully raised ₹459 crore through a Qualified Institutional Placement (QIP) during the quarter.
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