Senco Gold Boosts Growth Forecast on Strong Festive & Wedding Demand

• Senco Gold & Diamonds raises FY26 value growth guidance to 24-25% from 18-20% due to robust festive and wedding demand.
• Company reported 51% YoY value growth in Q3 and over 30% for the first nine months, despite gold volume declines.
• High gold prices led consumers to opt for lighter jewellery and non-gold categories like diamonds, which saw significant value and volume growth.
• Old gold exchange contributes nearly 40% of business, helping customers manage higher prices.
• Senco Gold plans 18-20 new store openings annually and aims to improve studded jewellery ratio to 15% long-term.

Why It Matters: Senco Gold revises growth outlook upwards, driven by strong demand and strategic focus on diverse offerings.