Senco Gold shares jump 4% as Q1 revenue rises 28% YoY
Senco Gold shares rose 4% in Monday morning trade after the jewellery retailer posted an impressive performance for the first quarter of FY26. The company reported a 24% YoY jump in retail revenue, while total revenue climbed nearly 28%, reflecting strong consumer demand and a strategic growth push.
The surge in sales was largely driven by festive shopping during occasions like Akshay Tritiya, Poila Baishakh, Baisakhi, Bihu, and Ramnavmi, which brought heavy footfall across Senco's showrooms nationwide.
In line with its expansion plans, Senco added nine new stores in Q1, taking its total showroom count to 179. This aggressive network expansion appears to be paying off, with wider reach translating into stronger revenues.
The company also benefited from a sharp uptick in domestic gold prices, which averaged ₹86,900–₹1,01,000 per 10 grams during the quarter. That's a 32% increase YoY and a 5% rise compared to the previous quarter, further supporting topline growth.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
10 hours ago
- Business Upturn
RailTel secures Rs 17.47 crore contract from Chhattisgarh GAD
RailTel Corporation of India Ltd. has received a significant work order worth ₹17,47,74,625 (inclusive of taxes) from the General Administration Department (GAD), Government of Chhattisgarh. The contract was confirmed on July 8, 2025. This domestic order involves comprehensive work covering network connectivity, operation and maintenance (O&M), hardware procurement, commissioning, and implementation of an upgraded integrated communication infrastructure. The project scope includes WLAN, LAN, and EPBAX system integration across government offices. The execution timeline for the project extends up to January 14, 2031. RailTel, a key player in the government's digital initiatives, will ensure the setup and operation of the revamped communication systems, enhancing digital efficiency across Chhattisgarh's administrative departments. Importantly, RailTel has confirmed that neither its promoters nor promoter group have any interest in the awarding authority. The transaction does not fall under related party dealings. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
10 hours ago
- Business Upturn
Nifty top losers today, July 9: HCL Technologies, Hindalco Industries, Tata Steel, Apollo Hospitals and more
By Aman Shukla Published on July 9, 2025, 15:42 IST Indian stock markets ended on a weak note in a largely rangebound session. The Nifty 50 slipped below the 25,500 mark, closing 46.40 points lower at 25,476.10, while the Sensex lost 176.43 points to settle at 83,536.08. Several major Nifty 50 constituents saw notable losses, reflecting cautious sentiment across sectors. Let's take a closer look at the top losers of the Nifty 50, according to Trendlyne. Nifty 50 top losers on July 9 HCL Technologies slipped 2.1% to close at ₹1,673. Hindalco Industries ended 1.8% lower at ₹673.1. Tata Steel declined by 1.7%, settling at ₹159.2. Apollo Hospitals dropped 1.5% to ₹7,450.5. Tech Mahindra fell 1.4%, closing at ₹1,612.3. Dr. Reddy's Laboratories was down 1.2% at ₹1,269. Reliance Industries slipped 1.1% to ₹1,520.5. HDFC Life Insurance declined 1.1%, ending at ₹785.6. IndusInd Bank dropped 1.0%, closing at ₹842.0. Grasim Industries fell 0.9% to ₹2,795.1. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
10 hours ago
- Business Upturn
Nifty top gainers today, July 9: Shriram Finance, Bajaj Finance, Coal India, Hindustan Unilever and more
By Aman Shukla Published on July 9, 2025, 15:37 IST On July 9, Indian equity markets closed lower in a rangebound session, with the Nifty slipping below 25,500. The Sensex ended down by 176.43 points at 83,536.08, while the Nifty dropped 46.40 points to settle at 25,476.10. Despite the weak overall sentiment, several heavyweight Nifty 50 stocks stood out with notable gains. Below is a detailed look at the top gainers of the Nifty 50 (as per Trendline) for the day. Nifty 50 Top Gainers on July 9 Shriram Finance closed at ₹680.7, up 1.8%. Bajaj Finance ended at ₹941, gaining 1.4%. Coal India rose 1.3% to ₹387.9. Hindustan Unilever closed 1.2% higher at ₹2,421.3. UltraTech Cement finished at ₹12,550, up 0.8%. Power Grid closed at ₹299.7, rising 0.7%. Hero MotoCorp ended at ₹4,328 with a 0.6% gain. Mahindra & Mahindra rose 0.5% to ₹3,175. Asian Paints gained 0.5% to close at ₹2,497.3. Nestle India closed at ₹2,429, also up 0.5%. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Bajaj FinanceCoal IndiaHindustan UnileverNiftyShriram FinanceStock Market Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
