Senco Gold Limited — Updates, 14-02-2025: Press Release

Senco Gold Limited reported its highest-ever quarterly revenue of over ₹2,100 Cr, reflecting a 27.3% year-on-year growth in Q3 and a 22% increase over nine months. The consolidated adjusted EBITDA margin for Q3 was 5.1%, slightly below the expected 7-8% due to customs duty impacts. The company launched 12 new showrooms in nine months, aiming for 8-10 additional openings in Q4 FY25. Despite a robust 22% YoY revenue growth during Dhanteras, gold price volatility remains a concern, having increased 22% YoY. The launch of a wholly-owned subsidiary, Sennes Fashion Limited, caters to lifestyle segments and demonstrates Senco's strategy to expand its market presence. The Managing Director noted successful fundraising of ₹459 Cr through QIP, aiding in debt repayment and expansion plans. Overall, Senco’s positioning in the evolving jewellery market remains strong, offering potential growth for investors.