Senco Gold Limited announced its unaudited financial results for the first quarter ended on June 30″, 2023, in the Board meeting held recently.

Consolidated Financial Highlights for Quarter Ended June 30, 2023:

❖ Revenues from operations grew to Rs. 1,305.40 crore in Q1FY24, with YOY growth of 29.6% compared to Rs. 1,007.24 crore in Q1FY23

❖ EBITDA margin stands at 5.1% for Q1FY24 from 5.5% in Q1FY23

❖ Profit before exceptional items grew to Rs. 27.67 crore in Q1FY24, recording growth of 22.7% compared to Q1FY23. The PAT margin marginally reduced from 2.2% to 2.1%.

Speaking on the performance, Mr. Suvankar Sen, Managing Director & CEO, Senco Gold Ltd. said Senco Gold & Diamonds achieved the highest ever Q1 revenue of Rs 1305 Cr. The brand has witnessed continued robust momentum in both footfalls at showrooms and revenue across all markets. The team has worked hard to achieve sales growth of over 29% YOY. The diamond jewelry sales growth in terms of value has been 50% and in terms of volume has been 34% during the period under review (Q1-Q1). The stud ratio has improved on a YOY basis from 9.3% to 11% and in certain markets it has reached the range of 15-20%.

In Q1FY 24, the brand rolled out 6 new showrooms (5 owned & 1 franchise) to reach the nationwide showroom count of 142 amongst which 80 are Company-owned showrooms and 62 are franchise-owned. The six new showrooms have come up in Delhi (1), Madhya Pradesh (2), Sikkim (1), Telangana (1), Bihar (1).