menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Funding News

>

Senco Gold...
source image

Bloomberg Quint

2w

read

381

img
dot

Image Credit: Bloomberg Quint

Senco Gold Q1 Update: Revenue Rises 28%

  • Senco Gold Ltd. reports a 28% growth in total revenue in the first quarter, with a 35% increase in diamond jewellery sales.
  • Despite rising gold prices, the company experienced a 24% rise in retail growth, attributed to strong demand during Akshaya Tritiya and regional festivals.
  • The company launched nine new showrooms in West Bengal, Uttar Pradesh, and Maharashtra, and plans to focus on inventory optimization and accelerating sales of diamond and lightweight jewellery lines in the upcoming quarter.
  • With no major festivals or wedding demand expected in the second quarter, the company anticipates weakened demand, but is preparing for potential demand linked to price volatility in gold and upcoming festivals like Raksha Bandhan and Onam.

Read Full Article

like

22 Likes

For uninterrupted reading, download the app