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Business Standard
07-07-2025
- Business
- Business Standard
Smallcap jewellery stocks surge; PC Jeweller zooms 15%, Senco Gold 4%
Smallcap jewellery stocks today Shares of smallcap jewellery companies were in focus today as they rallied up to 15 per cent on the BSE in Monday's intraday trade after the companies reported healthy business updates for the quarter ended June, 2025 (Q1FY26). PC Jeweller share price surged 15 per cent to ₹19.15 per share on the BSE in Monday's intraday trade, amid heavy volumes. The stock price of the company was trading close to its 52-week high level of ₹19.60, which it had touched on December 18, 2024. In the past one week, the smallcap stock has zoomed 55 per cent from a level of ₹12.32, which it had touched on June 30, 2025. Average trading volume on the counter jumped over three-fold today with around 188 million equity shares, together, changing hands on the NSE and BSE. Meanwhile, shares of Senco Gold and Thangamayil Jewellery were trading higher by 4 per cent and 2 per cent, respectively. In comparison, the BSE Sensex was up marginally by 0.02 per cent at 83,446 at 09:42 AM. Why is PC Jeweller stock price rising in July? On July 3, 2025, PC Jeweller said that despite the volatility in the gold prices, the company was able to achieve a standalone revenue growth of approximately 80 per cent in Q1FY26, as compared to the corresponding quarter of the previous financial year (Q1FY25). The company said it witnessed high demand for its products on account of wedding / festive purchases by its customers during Q1FY26. Further, PC Jeweller is optimistic about delivering exceptional performance in the upcoming quarters as well. "The recently concluded quarter has been very promising and fulfilling for the company. The company closed this quarter on a very strong note, clocking robust performance, riding on its customers' trust and goodwill," PC Jeweller said in an exchange filing. Separately, the company has already reduced its outstanding debt towards its bankers by more than 50 per cent during FY 2024-25. "The company is targeting and is confident of discharging its complete obligations due towards its bankers by the end of FY2026 and thereby become debt free. For achieving its target, the company has further reduced its outstanding debts towards its bankers by another approximately 7.50 per cent during the quarter," PC Jeweller said. Senco Gold Q1FY26 business update and outlook Senco Gold reported a robust performance in Q1FY26 with retail revenue rising 24 per cent year-on-year (Y-o-Y) and total revenue increasing by approximately 28 per cent. The surge was driven by heightened consumer demand during key regional festivals and a continued focus on expanding the company's retail footprint. Festive occasions like Akshay Tritiya, Poila Baishakh (West Bengal), Baisakhi (Punjab), Bihu (Assam), and Ramnavmi served as powerful consumption levers for the company, significantly boosting footfall and driving sales across Senco Gold's nationwide showroom network. Despite the price volatility, consumer demand remained robust, underscoring gold's enduring appeal as both a cultural and financial asset. In line with its aggressive growth strategy, Senco Gold launched nine new showrooms during Q1FY26, bringing its total jewellery store count to 179. Q2 usually has no festivals or wedding demand, and is driven by Monsoon-led demand and usually lower than Q1. With an early onset of monsoon (first time in the last 16 years) and above average rainfall prediction of 106 per cent and stable macroeconomic environment, the management of Senco said that they are now preparing for Q2 with focus on inventory optimisation, festive collections, and accelerating diamond and lightweight jewellery lines. "Price volatility in gold and upcoming festivals like Raksha Bandhan and Onam will shape consumer demand in Q2. We see a growing consumer demand for 14K and 18K jewellery, while the industry is working towards 9K jewellery," the management said.
Business Upturn
07-07-2025
- Business
- Business Upturn
Senco Gold shares jump 4% as Q1 revenue rises 28% YoY
By Aman Shukla Published on July 7, 2025, 09:18 IST 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
Time of India
27-06-2025
- Politics
- Time of India
Mamata Banerjee inaugurates first Rath Yatra from new Jagannath temple
Thousands gathered from different parts of the state to attend the Rath Yatra festival in West Bengal's coastal town of Digha. The chief minister pulled the chariots of Lord Jagannath, Balabhadra and Subhadra, along with her cabinet colleagues at 2:17 pm amid the chanting of 'Jai Jagannath' by thousands of pilgrims, including foreigners. Banerjee announced that the devotees could touch the ropes of all three chariots from inside the barricades. At around 2 pm, the CM mopped the road with a golden broomstick in front of the three chariots and offered Aarti with earthen lamps. The rituals started in the morning with 'Pahandi Vijay' at the newly-constructed Jagannath Dham Temple in Digha. The rituals prior to the idols being placed on the chariots started from 9 am. Pahandi Vijay is an important ceremony of the Rath Yatra. The idols of Jagannath, Balabhadra, Subhadra and the Sudarshan Chakra were taken in a procession from the temple to the chariot amid the chanting of mantras. This ritual is not only religious, but a medley of devotion, emotion and festivity. "Rath Yatra is an occasion for great happiness. There is no division between Bhagwan and Bhaktas (devotees). Lakhs of devotees have come. There has been economic benefits for all the locals -- from the hotel businesses to shop owners," ISKCON Vice-President Radharaman Das said. The Jagannath Temple in Digha was inaugurated on the auspicious day of Akshay Tritiya on April 30.
Time of India
26-06-2025
- Politics
- Time of India
West Bengal: Preparations on, security beefed up for Digha Rath Yatra
Kolkata: Major preparations have been made and security beefed up in Digha, the coastal town of Bengal, where Rath Yatra will take place tomorrow for the first time. The West Bengal Chief Minister made preparatory meetings with State Chief Secretary Manoj Pant, DGP Rajeev Kumar and ISKCON temple authorities, ahead of Rath Yatra tomorrow. Major security arrangements have been made in Digha with the Fire Brigade, police assistance booths and drinking water facilities. Security has been beefed up, including Kolkata Police and civic police, in large numbers "Barricades have been set up all across to prevent stampede," the Chief Minister said. A huge number of tourists have thronged to Digha in large numbers on the occasion of tourism. West Bengal Chief Minister Mamata Banerjee, after holding several rounds of meetings with the temple authorities and administration said, "Jagannath Dham is a holy pilgrimage. Jagannath, Balaram and Subhadra-the three idols will be taken from the temple to the Rath tonight. The road is a little narrow. Tomorrow the pujas will start after 9.30am. The temple will remain open and pilgrims can come. The stone idols will remain in the temple. However, the Neem wood idol will be brought to the Rath tonight." Banerjee The Rath Yatra will start at 2.30 PM and offerings will be done before that. It is around one km away that the Rath will travel. We seek everyone's cooperation. "Rath Yatra is taking place for the first time in Digha's Jagannathdham Temple for the first time. The holy path I welcome everyone and urge everyone to cooperate. We have a team of entire ministers and ISKCON present here and administration. Several state ministers Indranil Sen, Chandrima Bhattacharya and Sujit Bose, Aroop Biswas have come to Digha for the occasion with the Chief Minister. The West Bengal Chief Minister inaugurated the newly constructed Jagannath Temple in Digha on the auspicious day of Akshay Tritiya on April 30. Modelled on Puri Jagannath temple, the Jagannath Dham, has been built at a cost of Rs 250 crore.
Time of India
22-06-2025
- Politics
- Time of India
Mamata's Jagannath prasad drive sparks row as BJP accuses her distributing 'stale' sweets
Kolkata: Amid allegations against West Bengal Chief Minister Mamata Banerjee trying to woo the Hindu votebank before 2026, the West Bengal government has started distributing 'prasad' from the new Jagannathdham temple in Digha at the doorsteps of more than 10 million households across the state. BJP attacked West Bengal Chief Minister Mamata Banerjee on the issue. The door-to-door delivery of the prasad started from June 17 and the process is likely to continue till July 4. The state government is making use of the network of ration shops and ration dealers to deliver the prasad at the door-step of the households. However, a fresh controversy has erupted over the government's initiative of distributing prasad from the temple. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Accounting Automation Software Might Help You To Earn More Accounting Automation Software | Search ads Undo Leader of Opposition (LoP) in state assembly Suvendu Adhiakri said that instead of original prasad, 'stale' sweets are procured from local sweetmeat shops. Adhikari even said that the state government has no authority to distribute such 'prasad'. Banerjee will participate in the Rath yatra in Digha's newly constructed temple on April 27. Live Events Earlier, a series of controversies had erupted over the Jagannath temple in Digha, a brainchild of the chief minister, was inaugurated on April 30. The West Bengal chief minister had inaugurated the newly constructed Jagannath Temple in the coastal town of Digha in West Bengal on the auspicious day of Akshay Tritiya on April 30. Modelled on Puri Jagannath temple, the Jagannath Dham , built at a cost of Rs 250 crore, was consecrated. While the TMC-led West Bengal government aims to boost religious tourism with the new Jagannath dham modelled on Puri's temple, touching Hindutva sentiments ahead of 2026 assembly polls, the Jagganath Dham is seen as Chief Minister's Hindu outreach by opposition BJP. BJP had gone on an all-out attack over the inauguration of a temple complex using state government funds, Chief Minister trying to woo Hindus ahead of polls next year and absence of the Chief Minister in Kolkata during the major fire which took 15 lives.
