Senco Gold Limited: Difference between revisions
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'''Senco Gold Limited''' is an Indian jewellery retail and manufacturing company, specializing in the design, retail, and distribution of gold, diamond, and other precious metal jewellery. Established in 1994, the company is headquartered in [[Kolkata]], [[West Bengal]], India. Senco Gold operates across India through a network of retail stores and online presence.<ref name=":0">{{Cite web |title=How Kolkata's Senco Gold Struck Gold |url=https://www.forbesindia.com/article/take-one-big-story-of-the-day/how-kolkatas-senco-gold-struck-gold/86399/1 |access-date=2024-11-30 |website=Forbes India |language=en}}</ref><ref name=CEO_Interview/> |
'''Senco Gold Limited''' is an Indian jewellery retail and manufacturing company, specializing in the design, retail, and distribution of gold, diamond, and other precious metal jewellery. Established in 1994, the company is headquartered in [[Kolkata]], [[West Bengal]], India. Senco Gold operates across India through a network of retail stores and online presence.<ref name=":0">{{Cite web |title=How Kolkata's Senco Gold Struck Gold |url=https://www.forbesindia.com/article/take-one-big-story-of-the-day/how-kolkatas-senco-gold-struck-gold/86399/1 |access-date=2024-11-30 |website=Forbes India |language=en}}</ref><ref name=CEO_Interview/> |
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== History == |
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Senco Gold was founded in 1994 by the Shri Shankar Sen in Calcutta. The company began as a small jewellery store and has expanded over the years to gain significant share in the Indian jewellery market.<ref name=":0" /> |
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In 2023, Senco Gold went public through an [[Initial public offering|Initial Public Offering]] (IPO), raising capital to support its expansion and digital initiatives.<ref>{{Cite web |title=Senco Gold Limited files DRHP with SEBI for Rs 525 crore IPO |url=https://indianjeweller.in/Indian-Jewellery-News/13569/senco-gold-limited-files-drhp-with-sebi-for-rs-525-crore-ipo |access-date=2024-11-30 |website=indianjeweller.in |language=en}}</ref> |
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== Financial performance == |
== Financial performance == |
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For the fiscal year 2023-24, the company reported revenue of Rs.5,272 crores, an increase of 28.3% from previous years.<ref>{{Cite web |last=www.ETRetail.com |title=Senco Gold aims for 15-20% revenue growth and profit - ET Retail |url=https://retail.economictimes.indiatimes.com/news/apparel-fashion/jewellery/senco-gold-aims-for-15-20-revenue-growth-and-profit/110529603 |access-date=2024-11-30 |website=ETRetail.com |language=en}}</ref> |
For the fiscal year 2023-24, the company reported revenue of Rs.5,272 crores, an increase of 28.3% from previous years.<ref>{{Cite web |last=www.ETRetail.com |title=Senco Gold aims for 15-20% revenue growth and profit - ET Retail |url=https://retail.economictimes.indiatimes.com/news/apparel-fashion/jewellery/senco-gold-aims-for-15-20-revenue-growth-and-profit/110529603 |access-date=2024-11-30 |website=ETRetail.com |language=en}}</ref> There was a net profit of Rs.188 crores for FY24 as against net profit of Rs.158 crores for the Financial Year ended March 31, 2023. Over the past 5 years, the company’s net profit grew at a CAGR of 20.0%.<ref name=2024FY/> |
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== Stores and products == |
== Stores and products == |
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Revision as of 03:32, 5 December 2024
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| Company type | Public[1] |
|---|---|
| BSE: 543936, NSE: SENCO | |
| ISIN | INE602W01019 |
| Industry | Jewellers |
| Founded | 1994 |
| Headquarters | Kolkata, West Bengal, India[2] |
Key people | Suvankar Sen (Managing Director and CEO)[3] |
| Revenue |  ₹5,272 crore (US$630 million) (2024)[4] |
| ₹188 crore (US$23 million) (2022)[4] | |
| Website | Official website |
Senco Gold Limited is an Indian jewellery retail and manufacturing company, specializing in the design, retail, and distribution of gold, diamond, and other precious metal jewellery. Established in 1994, the company is headquartered in Kolkata, West Bengal, India. Senco Gold operates across India through a network of retail stores and online presence.[2][3]
History
Senco Gold was founded in 1994 by the Shri Shankar Sen in Calcutta. The company began as a small jewellery store and has expanded over the years to gain significant share in the Indian jewellery market.[2]
In 2023, Senco Gold went public through an Initial Public Offering (IPO), raising capital to support its expansion and digital initiatives.[5]
Financial performance
For the fiscal year 2023-24, the company reported revenue of Rs.5,272 crores, an increase of 28.3% from previous years.[6] There was a net profit of Rs.188 crores for FY24 as against net profit of Rs.158 crores for the Financial Year ended March 31, 2023. Over the past 5 years, the company’s net profit grew at a CAGR of 20.0%.[4]
Stores and products
Senco Gold operates a network of retail stores, spread across key cities in India. The company’s retail outlets offer jewellery products ranging from gold, diamond to platinum pieces. The brand also provides daily wear jewellery, luxury items, and custom-designed pieces. Additionally, Senco Gold offers jewellery in a variety of precious metals, including 22K gold and diamonds.[7][8]
The company operates over 166 stores (as of 2024), with a presence in cities like Kolkata, Mumbai, Delhi, Chennai, and Bangalore, as well as smaller cities and towns.[9] In addition to its retail operations, the company’s operations also extend to its online presence.[7]
References
- ^ "Senco Gold shines bright on debut, opens with 36% premium". Moneycontrol. Retrieved 15 July 2023.
{{cite web}}: CS1 maint: url-status (link) - ^ a b c "How Kolkata's Senco Gold Struck Gold". Forbes India. Retrieved 30 November 2024.
- ^ a b "Senco CEO highlights strong wedding demand driving Dhanteras gold sales - CNBC TV18". CNBCTV18. 28 October 2024. Retrieved 30 November 2024.
- ^ a b c "SENCO GOLD 2023-24 Annual Report Analysis". www.equitymaster.com. Retrieved 30 August 2024.
{{cite web}}: CS1 maint: url-status (link) - ^ "Senco Gold Limited files DRHP with SEBI for Rs 525 crore IPO". indianjeweller.in. Retrieved 30 November 2024.
- ^ www.ETRetail.com. "Senco Gold aims for 15-20% revenue growth and profit - ET Retail". ETRetail.com. Retrieved 30 November 2024.
- ^ a b "SEBI | Senco Gold Limited". www.sebi.gov.in. Retrieved 30 November 2024.
- ^ "Senco gold shines with Rs 1,000 cr festive sales despite record high prices". www.business-standard.com. Retrieved 15 November 2024.
{{cite web}}: CS1 maint: url-status (link) - ^ Ojha, Heena (26 July 2024). "Gold Sales May See 15% Growth On Customs Duty Cut, Says Senco's Suvankar Sen". NDTV Profit. Retrieved 30 November 2024.