Senco Gold Shares Surge 12% After Reporting 31% Revenue Growth in Q2
· Business · LiveMint, Moneycontrol
Senco Gold shares soared nearly 12% in intraday trade on the BSE on Thursday after the company posted a robust 31% revenue growth for Q2FY27. Retail revenue for the quarter grew by 29% year-on-year, supported by a 19% increase in same-store sales growth. The jewellery retailer achieved its highest-ever topline of over ₹5,000 crore in the first half of the financial year and crossed ₹10,000 crore in trailing-twelve-month sales. During the quarter, the company launched six new showrooms to expand its total network to 215 locations. Senco Gold anticipates strong seasonal demand driven by upcoming weddings and festivals across the country.
Why it matters
The strong sales figures demonstrate resilient consumer demand for gold jewellery despite elevated market prices, benefiting organised retail players in the sector.
Read the original report — LiveMint
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