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Senco Gold Ltd opens 8 new stores in Q1, targets 12-15 additional outlets this fiscal year
Senco Gold has significantly expanded its retail presence, adding eight new showrooms in the first quarter of FY27, bringing its total to 208 outlets. The company reported a robust 60% year-on-year revenue growth, driven by strong festive demand and a 38% rise in same-store sales. Despite challenges like higher gold prices and increased customs duty, Senco's diamond jewellery segment showed impressive growth, with plans to further expand through franchising.
India's gems, jewellery exports dip 35 per cent in March on US-Iran conflict: GJEPC
India's gems and jewellery exports saw a significant drop in March, largely due to the West Asia conflict impacting logistics and insurance costs. Despite this setback, the industry is exploring opportunities to become a rough diamond trading hub. While demand weakened in some key markets, other regions provided support. The council anticipates a recovery as geopolitical tensions ease.