SENCO GOLD LIMITED
Jewellery
Retail
Gold
Diamonds
RETAIL GROWTH Q2
27%
GOLD VALUE GROWTH Q2
30%
H1 OVERALL GROWTH
17%
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Financial Performance
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.
Business Operations
We have registered a 27% retail growth in Q2.
Demonstrates strong performance in retail sales, indicating effective business strategies.
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.
Growth 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.
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.
Market Dynamics
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.
Future Outlook
We are looking at around approximately an 18% growth year-on-year.
Management is optimistic about achieving significant growth despite challenges.
We are very positive towards the wedding season is about to start.
Indicates confidence in upcoming sales driven by seasonal demand.
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.