Gems & Jewellery company Senco Gold announced Q1FY24 results: Revenues from operations grew to Rs 1,305.40 crore in Q1FY24, with YoY growth of 29.6% compared to Rs 1,007.24 crore in Q1FY23 EBITDA margin stands at 5.1% for Q1FY24 from 5.5% in Q1FY23 Profit before exceptional items grew to Rs 27.67 crore in Q1FY24, recording growth of 22.7% compared to Q1FY23. PAT margin marginally reduced from 2.2% to 2.1%. Speaking on the performance, Suvankar Sen, Managing Director & CEO, Senco Gold commented, "The recently concluded quarter has been yet another positive one for us at Senco Gold & Diamonds achieving highest ever Q1 revenue of Rs 1,305 crore. We have witnessed continued robust momentum in both footfalls at showrooms and revenue across all markets. We are seeing higher traction in the Northern part of India, along with our Eastern India strength. The team has worked hard to achieve sales growth of over 29% YoY. The diamond jewellery sales growth in terms of value has been 50% and in terms of volume has been 34% during the period under review (Q1-Q1). The stud ratio has improved on YoY basis from 9.3% to 11% and in the certain market it has reached the range of 15-20%. In Q1FY24, we have rolled out 6 more showrooms (5 owned & 1 franchise) to reach the nationwide showroom of 142 amongst which 80 are Company owned showrooms and 62 are Franchisee owned. Six new showrooms have come up in Delhi (1), Madhya Pradesh (2), Sikkim (1), Telangana (1), and Bihar (1). Result PDF