Senco Gold Ltd

The company achieved retail growth of 23% in Q4 FY25. Strong wedding & festive season has given a boost to Q4 business, leading to more footfalls and improvement in Invoices by 6% and ATV and ASP by 16% and 17% respectively in Q4. The SSSG growth was 18.4% in Q4. The growth in Tier 3 and Tier 4 towns outpaced metro and Tier 2 city growth. The company has achieved 39% growth in diamond jewellery sales in Q4 as against 9% in 9 Months leading to 14.2% overall growth in full year. The sharp volatility in gold prices during Q4 led to an increase in old gold jewellery exchanges, with old gold contributing 40% to overall sales and approximately 61% coming from non-Senco customers FY25. In Q4 FY25, the company 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). In FY25, the company revenue crossed Rs 6,200 crore, recording around 19.4% YoY retail growth and 14.6% SSSG growth. The company's Non East revenue for FY25 has crossed Rs 1,100 crore as against Rs 940 crore in FY24 growing at 23%. During the year, the company launched 15 showrooms (net) in FY25 including 6 franchisees, increasing its showroom portfolio to 175 (including 72 Franchisee showrooms and 1 showroom in Dubai). The company said that driven by positive tailwinds and new store roll out, it expects robust Q1, FY26 during the ensuing Poila Baisakh and Akshay Tritiya with 18% plus YoY growth. However, the improved performance in Q4 led by diamond jewellery sales is likely to result in improved business margin and outlook for Q4 EBITDA margin is very positive Further, the company plans to open 5-7 new stores (in line with its plan for 20-22 new stores- own and franchisee both during FY26) to further strengthen its market presence. It also plan to extend reach further to customers through the SIS model and launch about 70 such SIS outlets, taking the total to about 100 by March 2026. Furthermore, the company said that 5'7 new SENNES stores are also in the pipeline through the wholly owned subsidiary Sennes Fashion catering to life style products like Lab grown diamonds, leather accessories and perfumes. Senco Gold is a leading pan-India jewellery retailer. It offers an extensive range of jewellery, including gold, diamond, Polki, Platinum, Kundan, Jadau, silver, as well as precious and semi-precious stones. The company's consolidated net profit declined 69.4% to Rs 33.48 crore in Q3 FY25 as compared with Rs 109.32 crore in Q3 FY24. Net sales increased 27.3% YoY to Rs 2,102.55 crore in Q3 FY25.Powered by Capital Market - Live

Senco Gold has allotted 76,136 equity shares under ESOP on 06 March 2025. The paid-up equity share capital of the Company has increased from Rs. 81,80,24,480 consisting of 163604896 equity shares of face value Rs. 5/- each to Rs. 81,84,05,160 consisting of 163681032 equity shares of face value Rs. 5/- each.Powered by Capital Market - Live

Shares of Senco Gold tumbled 27.32% in the past two trading session. The stock hit a 52-week high of Rs 772 on 7 October 2024. The stock hit a 52-week low of Rs 304.50 on 17 February 2025. The stock underperformed the market over the past one month, declining 34% compared with 0.85% fall in the Sensex. The scrip underperformed the market in past one quarter, sliding 41.34% compared with 5.85% decline in the Sensex. The company on 14 February 2025 announced that its consolidated net profit declined 69.37% to Rs 33.48 crore in Q3 FY25 as compared with Rs 109.32 crore in Q3 FY24. Revenue from operations jumped 27.26% to Rs 2,102.54 crore in Q3 FY25 as compared with Rs 1,652.20 crore in Q3 FY24. Profit before tax (PBT) fell 68.73% to Rs 45.62 crore during the quarter as compared with Rs 145.90 crore posted in same quarter last year. EBITDA stood at Rs 79.96 crore, recording de-growth of 55.85% as compared with Rs 181.10 crore in Q3 FY24. EBITDA margin dropped to 3.8% as against 11% in Q3 FY24. 'The lower EBITDA and PAT margin in the current quarter emanated due to custom duty impact while the adjusted 9 months EBITDA margin was 6.0%. We are likely to achieve 7%-8% EBITDA margin in Q4,' said Sanjay Banka, chief financial officer (CFO), in the management commentary. On standalone basis, the company's net profit declined 70.17% to Rs 33.24 crore despite of 22.52% jump in net sales to Rs 2023.09 crore in Q3 FY25 over Q3 FY24. In same stores sales growth (SSSG) showrooms the revenue growth was 16.4% and the Stud ratio continued to be in the range of 10.5% in Q3. Suvankar Sen, managing director however, we remain confident that the diamond jewellery segment in which we primarily operate will rebound to lead us to 15% stud ratio. We are pleased to announce the incorporation of our wholly owned subsidiary, Sennes Fashion, which will cater the consumer lifestyle segment. This strategic initiative will cover premium leather accessories, lab-grown diamond jewellery, and perfumes, allowing us to expand our customer reach and remain at the forefront of evolving market trends.' Sanjay Banka, chief financial officer (CFO), Senco Gold, said, 'We remain confident that given the long-term prospect of the Indian gems and jewellery which is presently US$ 85- 90 bn, we will achieve 7%-8% EBITDA margin on an annualized basis excluding any one-off event. The lower EBITDA and PAT margin in the current quarter emanated due to custom duty impact while the adjusted 9 months EBITDA margin was 6.0%. We are likely to achieve 7%-8% EBITDA margin in Q4. On the profitability front, EBITDA for the quarter stood at Rs 79.9 crore, while YTD EBITDA was Rs 240.6 crore. However, considering the adverse impact of customs duty in Q2 and Q3, amounting to Rs 29.8 crore and Rs 27.6 crore respectively, the adjusted EBITDA for the 9-month period stands at Rs 298.0 crore with an adjusted EBITDA margin of 6.0%.' Senco Gold is a pan-India jewellery retail player with a history of more than five decades. The company is the largest organized jewellery retail player in the eastern region of India based on number of stores. Among eastern India based jewellery retailers, it has the widest geographical footprint in non-eastern states.Powered by Capital Market - Live

Net profit of Senco Gold declined 69.37% to Rs 33.48 crore in the quarter ended December 2024 as against Rs 109.32 crore during the previous quarter ended December 2023. Sales rose 27.26% to Rs 2102.55 crore in the quarter ended December 2024 as against Rs 1652.20 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales2102.551652.20 27 OPM %3.8010.96 - PBDT58.71161.75 -64 PBT45.63145.90 -69 NP33.48109.32 -69 Powered by Capital Market - Live

The key equity indices erased all the gains and traded with substantial losses in the mid-morning trade. The Nifty traded below the 22,900 level after hitting the day's high of 23,133.70 in early trade. Pharma shares declined after advancing in the past trading session. At 11:30 IST, the barometer index, the S&P BSE Sensex, slipped 441.78 points or 0.58% to 75,697.19. The Nifty 50 index declined 165.80 points or 0.72% to 22,865.60. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 2.33%, and the S&P BSE Small-Cap dropped 2.82%. The market breadth was weak. On the BSE, 688 shares rose and 3,033 shares fell. A total of 127 shares were unchanged. IPO Update: The initial public offer (IPO) of Quality Power Electrical Equipments received bids for 12,87,572 shares as against 1,11,12,530 shares on offer, according to stock exchange data at 11:15 IST on 14 February 2024. The issue was subscribed to 0.12 times. The issue opened for bidding on 14 February 2024 and it will close on 18 February 2024. The price band of the IPO is fixed between Rs 401 and Rs 425 per share. An investor can bid for a minimum of 26 equity shares and in multiples thereof. The initial public offer (IPO) of Hexaware Technologies received bids for 1,84,02,153 shares as against 9,14,23,354 shares on offer, according to stock exchange data at 11:15 IST on 14 February 2024. The issue was subscribed to 0.20 times. The issue opened for bidding on 12 February 2024 and it will close on 14 February 2024. The price band of the IPO is fixed between Rs 674 and Rs 708 per share. An investor can bid for a minimum of 21 equity shares and in multiples thereof. Buzzing Index: The Nifty Pharma index dropped 2.50% to 20,891. The index advanced 1.35% in the past trading session. Natco Pharma (down 9.8%), Laurus Labs (down 7.13%), Glenmark Pharmaceuticals (down 5.38%), Lupin (down 4.69%), Granules India (down 4.36%), Aurobindo Pharma (down 4.15%), Torrent Pharmaceuticals (down 3.31%), Mankind Pharma (down 3.25%), Zydus Lifesciences (down 2.98%) and Ipca Laboratories (down 2.79%) declined. Stocks in Spotlight: Senco Gold hit a lower circuit of 20% after the company's consolidated net profit declined 69.37% to Rs 33.48 crore in Q3 FY25 as compared with Rs 109.32 crore in Q3 FY24. Revenue from operations jumped 27.26% to Rs 2,102.54 crore in Q3 FY25 as compared with Rs 1,652.20 crore in Q3 FY24. Gujarat Pipavav Port slipped 1.26% after the company's consolidated net profit fell 14.38% to Rs 99.37 crore on 2.49% declined in revenue from operations to Rs 262.89 crore in Q3 FY25 over Q3 FY24. Titagarh Rail Systems (TSRL) fell 5.73% after the company's standalone net profit dropped 8.12% to Rs 68.94 crore on 5.5% decrease in revenue from operations to Rs 902.18 crore in Q3 FY25 over Q3 FY24. Global Markets: Asian stocks climbed on Friday, tracking overnight gains on Wall Street, as investor sentiment improved after U.S. President Donald Trump held off on imposing immediate reciprocal tariffs'despite earlier threats. However, concerns over escalating U.S. trade tariffs and stubborn inflation lingered, while an AI-fueled rally continued to boost Chinese equities. Wall Street saw relief on Thursday, supported by a decline in Treasury yields, even as U.S. inflation data came in hotter than expected. The producer price index (PPI) for January rose 0.4% month-on-month, exceeding forecasts. On an annual basis, PPI held steady at 3.5%. Despite the inflationary pressure, stocks rallied after Trump signed an order to explore reciprocal tariffs but stopped short of immediate implementation, giving trading partners a potential window for negotiations. The S&P 500 climbed 1.04%, approaching record highs, while the NASDAQ Composite surged 1.5% and the Dow Jones Industrial Average gained 0.77%. Tech stocks led the charge'Nvidia and Apple advanced 3.2% and 2%, respectively, while Tesla rebounded nearly 6% from a 2.5-month low. With inflation concerns still looming, investors remain watchful of policy moves and market momentum in the days ahead. Powered by Capital Market - Live

Revenue from operations jumped 27.26% to Rs 2,102.54 crore in Q3 FY25 as compared with Rs 1,652.20 crore in Q3 FY24. Profit before tax (PBT) fell 68.73% to Rs 45.62 crore during the quarter as compared with Rs 145.90 crore posted in same quarter last year. EBITDA stood at Rs 79.96 crore, recording de-growth of 55.85% as compared with Rs 181.10 crore in Q3 FY24. EBITDA margin dropped to 3.8% as against 11% in Q3 FY24. 'The lower EBITDA and PAT margin in the current quarter emanated due to custom duty impact while the adjusted 9 months EBITDA margin was 6.0%. We are likely to achieve 7%-8% EBITDA margin in Q4,' said Sanjay Banka, chief financial officer (CFO), in the management commentary. On standalone basis, the company's net profit declined 70.17% to Rs 33.24 crore despite of 22.52% jump in net sales to Rs 2023.09 crore in Q3 FY25 over Q3 FY24. In same stores sales growth (SSSG) showrooms the revenue growth was 16.4% and the Stud ratio continued to be in the range of 10.5% in Q3. Suvankar Sen, managing director however, we remain confident that the diamond jewellery segment in which we primarily operate will rebound to lead us to 15% stud ratio. We are pleased to announce the incorporation of our wholly owned subsidiary, Sennes Fashion, which will cater the consumer lifestyle segment. This strategic initiative will cover premium leather accessories, lab-grown diamond jewellery, and perfumes, allowing us to expand our customer reach and remain at the forefront of evolving market trends.' Sanjay Banka, chief financial officer (CFO), Senco Gold, said, 'We remain confident that given the long-term prospect of the Indian gems and jewellery which is presently US$ 85- 90 bn, we will achieve 7%-8% EBITDA margin on an annualized basis excluding any one-off event. The lower EBITDA and PAT margin in the current quarter emanated due to custom duty impact while the adjusted 9 months EBITDA margin was 6.0%. We are likely to achieve 7%-8% EBITDA margin in Q4. On the profitability front, EBITDA for the quarter stood at Rs 79.9 crore, while YTD EBITDA was Rs 240.6 crore. However, considering the adverse impact of customs duty in Q2 and Q3, amounting to Rs 29.8 crore and Rs 27.6 crore respectively, the adjusted EBITDA for the 9-month period stands at Rs 298.0 crore with an adjusted EBITDA margin of 6.0%.' Senco Gold is a pan-India jewellery retail player with a history of more than five decades. The company is the largest organized jewellery retail player in the eastern region of India based on number of stores. Among eastern India based jewellery retailers, it has the widest geographical footprint in non-eastern states.Powered by Capital Market - Live

Senco Gold will hold a meeting of the Board of Directors of the Company on 13 February 2025.Powered by Capital Market - Live

Senco Gold has fixed 31 January 2025 as record date for sub-division of equity shares of the company from one equity share of face value of Rs 10 to five equity shares of face value of Rs 2 each. Powered by Capital Market - Live

The growth in Tier 3 and Tier 4 towns outpaced metro and Tier 2 city growth as observed in the economy in general and retail consumption in particular, stated the company. The company informed that it has accomplished highest ever sales of over Rs 2000 crore in a single quarter in Q3 FY25. On a TTM basis, the revenue has crossed the benchmark of over Rs 6000 crore indicating the firm's towards 19%-20% growth on full year basis. The same store sales growth (SSSG) remained steady in 13%-14% range in Q3 also indicating sturdy performance by existing showrooms. The stud ratio continued to be at 10.5% range. The company stated that it is continuing to invest in marketing, inventory build-up and customer engagement programmes to promote and elevate the stud ratio specially in the northern markets. The jewellery retailer stated that old gold exchange continued to reinforce non organised to organised transition with 38% contribution from old gold and over 62% from non-sources. Sennes- a new wholly owned subsidiary has been incorporated which will drive the Sennes business as a value creation strategy. Sennes business will focus on consumer lifestyle segment which presently includes premium leather accessorises, lab grown diamonds jewelleries and perfumes. Senco Gold's showroom portfolio has now expanded to 170 with launch of 12 showrooms (net) in last 9 months which includes 7 own stores. During the quarter, the firm launched 4 more showrooms which includes Gwalior (MP), Dehradun (UK), Barakar (WB) and Chandaneshwar (Odisha). On Outlook front, the jewellery maker stated that it is committed to open 18-20 jewellery showrooms this year, including 10-12 franchisee outlets and on track to achieve annual target. Senco Gold is a pan-India jewellery retail player with a history of more than five decades. The company is the largest organized jewellery retail player in the eastern region of India based on number of stores. Among eastern India based jewellery retailers, it has the widest geographical footprint in non-eastern states. The company's consolidated net profit rose 1.4% to Rs 12.12 crore on 30.9% increase in net sales to Rs 1,500.49 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

The company's board authorized and declared the opening of the issue on Wednesday, 11 December 2024. The floor price of Rs 1,139.49 is at a discount of 2.27% to the previous day's closing price of Rs 1,166 on the BSE. The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined by the company in consultation with the bookrunning lead manager appointed for the issue. Senco Gold is a jewellery retailer with a strong presence in India, particularly in the eastern region. Senco has over 164 showrooms (including 68 franchisee showroom) spread across India and one international showroom with a mix of own and franchisee model. The company's consolidated net profit rose 1.4% to Rs 12.12 crore on 30.9% jump in net sales to Rs 1,500.49 crore in Q2 FY25 over Q2 FY24. The scrip declined 0.04% to Rs 1,165.55 on the BSE. Powered by Capital Market - Live