Senco Gold Shares Hit 5% Upper Circuit After Reporting Robust Q4 Business Update – News18
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Senco Gold’s shares rose 5% after reporting a 23% YoY retail growth in Q4 FY25, driven by strong wedding season demand. The stock traded at Rs 315.70 with a market cap of Rs 5,196.87 crore.
Senco Gold Shares Jump Today
Senco Gold Price: Senco Gold’s shares climbed 5 per cent in the morning session on Wednesday, hitting the upper circuit of 5 per cent. The surge in the price came after the jewellery company reported a robust retail growth of 23 per cent YoY in Q4 of FY25, led by strong wedding season demand.
Around 9:30 AM, the scrip was trading at Rs 315.70 apiece with a gain of 4.26 per cent. The day’s opening stood at Rs 317.90 apiece, against the previous day close at Rs 302.80 apiece.
Senco Gold has a market cap of Rs 5,196.87 crore and is part of BSE SmallCap index.
Senco Gold Q4 Business Update
In Q4 on standalone basis YoY, Senco Gold achieved total revenue growth of 19.1% and retail growth of 23%. The SSSG growth was 18.4% in Q4 and 14.6% in FY 25. The growth in Tier 3 and Tier 4 towns outpaced metro and Tier 2 city growth.
In Q4, Senco Gold launched 4 new showrooms under Franchisee and COCO model at BT Road/ Dunlop (Kolkata, WB), Budge Budge (Kolkata, WB), Ghatal (Medinipur, WB) and Varanasi II (UP). During the year, it launched 15 showrooms (net) in FY25 including 6 franchisees, increasing our showroom portfolio to 175 (including 72 Franchisee showrooms and 1 showroom in Dubai).
Senco Gold said that it is expecting a robust Q1, FY26 during the ensuing Poila Baisakh and Akshay Tritiya with 18% plus YoY growth.
Gold prices have maintained continued upside even during Q4 as well, while overall consumer demand and mood remains upbeat about gold as store of value. Gold prices increased by 11% QoQ and 33% vs Q4 last year. The last 6 months alone have seen price rise of 19%, reaching to lifetime highest of US$ 3150/ Oz.
Continued buying by Central Banks throughout the year kept pressure on gold demand and leading to price rise of gold.
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