Senco Gold Shares Surge 11% Following Strong Q4 Results and Expansion Plans
Senco Gold shares rise 11% on strong Q4 business; demand boost expected from festive, wedding season
The Economic TimesImage: The Economic Times
Senco Gold shares rose 11% to ₹320.75 after reporting a 46% year-on-year revenue growth for Q4 FY26, driven by strong wedding season demand. The company plans to open 20-25 new stores in FY27, aiming for a minimum 20-25% revenue growth amid ongoing festive demand.
- 01Senco Gold shares increased by 11% following strong quarterly results.
- 02The company reported a 46% year-on-year revenue growth for Q4 FY26.
- 03Senco plans to open 20-25 new stores in FY27 to enhance its retail presence.
- 04The company aims for a minimum revenue growth of 20-25% in the upcoming fiscal year.
- 05Senco's credit rating was upgraded to CARE A+ (Stable), boosting investor confidence.
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Senco Gold's shares surged 11% to ₹320.75 during Monday's trading session after the company announced impressive fourth-quarter results for FY26, showcasing a 46% year-on-year revenue growth. This growth was largely attributed to robust demand during the wedding season and the launch of new jewellery designs. The company reported a full-year revenue increase of approximately 35%, significantly surpassing the 21% growth seen in FY25. Senco's same-store sales growth (SSSG) was around 34% for the quarter. Additionally, Senco expanded its retail footprint by adding seven new showrooms, reaching a total of 201 locations. Looking ahead, the company anticipates continued demand from upcoming festive occasions and plans to open 20-25 new stores in FY27, targeting a revenue growth of 20-25% while maintaining EBITDA margins between 7.5% and 7.8%. The recent upgrade of Senco's credit rating to CARE A+ (Stable) has further enhanced investor confidence.
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The strong performance and expansion plans could lead to increased job opportunities in retail and boost local economies through enhanced consumer spending during the festive season.
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