Senco Gold revenue surges 60% on festive demand; same-store sales hit 38%

Strong Q1 results and aggressive store expansion signal continued momentum for the Indian jeweler, reinforcing consumer spending resilience in the sector.

By Handelsavisen Newsroom · Automated 2026-07-03 17:33 UTC · 1 min read

Senco Gold reported a 60% year-on-year revenue increase for the quarter ending June, driven by robust festive season demand.

The pan-India jewelry retailer also posted a same-store sales growth (SSSG) of 38%, underscoring strong footfall and ticket size expansion across its existing network.

The company expanded its physical footprint during the quarter, opening eight new showrooms.

Management indicated plans to add another 12 to 15 locations in the near term, signaling confidence in the brand’s scalability and market penetration strategy.

This expansion comes as the retailer focuses on inventory optimization to adapt to shifting consumer preferences and price sensitivities.

The results highlight the enduring strength of India’s organized jewelry sector, where festive periods continue to drive disproportionate sales volumes.