From Mint: 2024-04-15 05:24:05

Shares of Senco Gold soared by 19.52% to a new high of ₹958 per share after reporting a 39% YoY revenue increase in Q4FY24. The company also noted 13% gold volume growth and a rise in old gold exchange sales to 32%. Same Store Sales Growth reached 19% in fiscal year 2023-2024.

Senco Gold saw a 28% YoY revenue growth for the fiscal year, with 65% of old gold exchange sales coming from non-Senco customers. The company’s stud ratio improved to 11.4%, and key initiatives like the Siya Ram Collection boosted footfall. Senco Gold is the first Indian jewelry brand to join the ONDC network.

Multibagger returns were seen with Senco Gold & Diamonds shares, which debuted at ₹405.3 per share last year, now commanding a 198% premium over the IPO price. The company, known for its rich heritage and extensive distribution channels, continues to chart an upward trajectory in the market.

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Read more at Mint: Senco Gold shares jump 19.5% to all-time high on strong Q4 business update