SENCO GOLD LIMITED

Jewellery Retail Gold Diamonds
NSE:SENCO
Q2 FY2025 2024-11-14
RETAIL GROWTH Q2
27%
GOLD VALUE GROWTH Q2
30%
H1 OVERALL GROWTH
17%
stockrabit simplifies the management commentary to help you better understand the industry and sentiments
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Financial Performance

financial performance value growth
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The value growth in gold for H1 compared to last year was 22%.
Shows strong growth in gold sales, contributing positively to overall financial performance.
Suvankar Sen, CEO
value growth in gold
Positive High Confidence
⚙️

Business Operations

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retail growth Q2 performance
We have registered a 27% retail growth in Q2.
Demonstrates strong performance in retail sales, indicating effective business strategies.
Suvankar Sen, CEO
retail growth
Positive High Confidence
"
market position unorganized to organized
62% of the old gold that we received continues to be a non-Senco old gold.
Indicates a shift from unorganized to organized players in the market.
Suvankar Sen, CEO
Positive High Confidence
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Growth Initiatives

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new collections sales initiatives
We have launched the wedding collection, we have been in the middle of Independence Day, the festive sales and various kinds of such initiatives.
Management is actively introducing new collections to drive sales.
Suvankar Sen, CEO
Positive High Confidence
"
store openings expansion
We have opened one Senco company owned company-operated store, and we have opened about four Sennes stores.
Indicates ongoing expansion efforts in both company-owned and franchise models.
Suvankar Sen, CEO
Positive High Confidence
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Market Dynamics

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consumer behavior old gold utilization
We have seen that there has been a ~34% increase in terms of the use of old gold by the consumers.
Highlights a trend where consumers are utilizing old gold, which may shift market dynamics.
Suvankar Sen, CEO
Positive High Confidence
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Future Outlook

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growth guidance year-on-year growth
We are looking at around approximately an 18% growth year-on-year.
Management is optimistic about achieving significant growth despite challenges.
Suvankar Sen, CEO
Positive High Confidence
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seasonal demand wedding season
We are very positive towards the wedding season is about to start.
Indicates confidence in upcoming sales driven by seasonal demand.
Suvankar Sen, CEO
Positive High Confidence
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financial impact duty cuts
We just need to keep in mind that this one-time loss for the duty of INR 50 crore to INR 60 crore is there.
Acknowledges a significant financial impact due to duty cuts, which may affect profitability.
Suvankar Sen, CEO
Neutral Moderate Confidence