Kolkata, Nov 10 : Senco Gold Ltd,. India’s one of the leading jewellery retailers having over 80 years legacy and with 150+ showrooms across India, reported its unaudited financial results with a revenue growth of 26 percent at Rs 1147 crore, for the second quarter ended on September 30, 2023 in the Board meeting held here.
Revenues from operations increased to Rs. 1,147 cr, recording a YoY growth of 26 pc and EBITDA increased to Rs. 39 cr recording a YoY growth of 21 pc.
EBITDA margin was range bound at 3.4 pc for Q2 FY24 vis-à-vis Q2 FY23, the report said on Friday.
The jewellery retailer’s profit before exceptional items increased to Rs. 11.9 crore, recording a YoY growth of 36 pc.
‘The recently concluded quarter has been yet another positive one for us at Senco Gold & Diamonds, achieving continued robust momentum in both footfalls and revenue across all markets. Gold prices in Q1 were volatile versus Q4 and almost 15 pc higher YoY. This price volatility continued in Q2 as well, with a sudden fall in Aug-23 and again increasing trend by quarter end with YoY price higher by 13 pc leading to above growth,” company’s managing director & CEO. Suvankar Sen said.
