Home / Business and Economy / Senco Gold Eyes 25% Revenue Boost with 20 New Stores
Senco Gold Eyes 25% Revenue Boost with 20 New Stores
23 Aug
Summary
- Senco Gold aims for over 25% revenue growth, targeting Rs 10,500-11,000 crore this financial year.
- The company plans to open approximately 20 new stores by 2026-27.
- Overseas expansion in Dubai is currently stalled due to regional instability.
Senco Gold and Diamonds is projecting substantial growth, with an aim for over 25% revenue increase to approximately Rs 10,500-11,000 crore in the current financial year. This fiscal year's target follows a reported Rs 8,430 crore revenue in FY26.
The company plans to expand its retail footprint by launching around 20 new stores by 2026-27. These new outlets will include both franchise-operated and company-owned locations, with a strategic focus on tier II and III cities.
Geographically, Senco Gold and Diamonds is reinforcing its presence in eastern and northern India, regions that contribute a significant portion of its revenue. Expansion into Dubai has been put on hold due to prevailing regional instability, impacting its international growth plans.
Capital expenditure for the upcoming expansion is estimated at Rs 200-250 crore in FY27, intended for working capital, inventory, and company-owned stores, funded through internal accruals and debt.
