Over the nine months ending December 31, 2023, Senco Gold the revenue growth was up 26% YoY, the company filing said.
The revenue uptick was helped by offers given by this gems and jewellery company on Dhanteras, Pujo and in the wedding season. Senco Gold also achieved almost 40% increase in footfall and a 6% increase in invoices which have contributed to this growth
Notwithstanding the rising Gold prices, the company achieved a 9% volume growth in Gold and 27% volume growth in diamond jewellery in line with past trends indicating the attractive potential in its core markets.
The Same Store Sales Growth (SSSG) contributed about 17% out of total 24% growth during the quarter while the 9 months SSSG accounted for 19% out of total 26% YoY growth.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished
