National News
Senco Gold’s strong performance drives optimism for Q1 FY26, posts revenue growth of 19.1%
Senco Gold Ltd., a prominent player in India’s jewellery retail market, witnessed a significant surge in its stock prices—rising by 5%—following the company’s optimistic guidance for the first quarter of FY26. This uptick in investor sentiment comes in the wake of a robust business update shared by the company on April 8, 2025, highlighting its strong performance in the fourth quarter and the entire fiscal year of 2025.
The company reported an exceptional surge in demand during the wedding season in the March quarter, which translated into a 23% increase in retail growth and an 18.4% rise in same-store sales (SSSG) compared to the same period last year. This growth was achieved despite rising gold prices, underscoring the resilience of consumer demand and the strength of Senco Gold’s brand presence. Notably, the company recorded its highest-ever fourth-quarter revenue, exceeding ₹1,300 crore.
The financials also revealed notable trends in the gold market. Gold prices rose by 11% sequentially and surged 33% year-over-year. In just six months, prices climbed by 19%, which could have posed challenges for consumer spending. However, Senco Gold managed to maintain its upward trajectory, demonstrating its ability to adapt and thrive amid market volatility.
For the full fiscal year, Senco Gold posted a revenue growth of 19.1%, while its diamond jewellery segment recorded a healthy 14.1% year-on-year increase. Particularly impressive was the growth from tier-3 and tier-4 towns, which outpaced that of metropolitan and tier-2 cities—highlighting the brand’s expanding reach into India’s smaller urban centres. The company noted that coin and bullion sales remained a minor component, comprising less than 4% of total gold sold.
In terms of physical expansion, Senco Gold continued to strengthen its retail footprint. During the fourth quarter alone, it launched four new showrooms in West Bengal and Uttar Pradesh, operating under both franchisee and Company-Owned-Company-Operated (COCO) models. Over the full fiscal year, 15 new showrooms were inaugurated, including six franchisee outlets. The company now operates 175 showrooms, with 72 franchisees and an international presence through one showroom in Dubai.
The studded jewellery segment also witnessed slight growth, with the studded ratio increasing to 10.9% for the year, up from 10.5% in the first nine months. This suggests a gradual yet consistent rise in consumer preference for more ornate and value-added products.
In summary, Senco Gold’s performance in FY25, marked by strong revenue growth, resilient demand, and strategic expansion, paints a promising picture for the company’s prospects in FY26. As the company continues to build on its strengths and broaden its reach, especially in non-metro regions, it is well-positioned to maintain momentum in the evolving Indian jewellery market.
BrandBuzz
PNG Jewellers Expands Presence with New Store Launch in Jalgaon with Inauguration by Marathi Industry Superstar Swapnil Joshi
Spread across 4,500 sq. ft., this large format store inaugurated by Marathi Industry Superstar Swapnil Joshi will showcase PNG Jewellers’ complete range of offerings, including exquisite collections in gold, natural diamond, silver and platinum jewellery
PNG Jewellers, one of India’s most trusted and iconic legacy jewellery brands, proudly announced the grand opening of its new store in Jalgaon, Maharashtra. The new store was inaugurated by Marathi film industry superstar Swapnil Joshi, marking yet another milestone in the brand’s ongoing expansion journey driven by strong customer demand for its jewellery.
Spread across 4,500 sq. ft., the store will showcase the very best of PNG Jewellers stunning collections like Saptam, Pratha, Katha and Eiina. Located in the fast developing suburb of Ajay Colony, Ring Road, the new space has been designed to deliver an exceptional shopping experience, blending PNG’s heritage of trust and craftsmanship with modern retail elegance and top notch service.
To celebrate the launch, PNG Jewellers has announced special inaugural offers from the 15th of August to 29th of August 2025. Customers can enjoy upto 20% off on gold jewellery making charges and upto 50% off on diamond jewellery making charges, making it the perfect opportunity to explore and own timeless designs right at the beginning of the festive season.
Sharing his excitement about the launch, actor Swapnil Joshi said, “It’s always a delight to be a part of PNG Jewellers’ milestone celebrations. This one is truly special as it is the launch of PNG’s first store in the city of Jalgaon! The people of Maharashtra deserve nothing but the best and I am so glad that PNG Jewellers has now entered this wonderful city with its amazing jewellery with such a grand showroom.”
Speaking at the launch, Dr. Saurabh Gadgil, Chairman and Managing Director of PNG Jewellers, said, “Jalgaon has been a high-potential market for us, and the decision to open a store here is a direct response to the growing demand from our customers in the region. This new store allows us to bring our complete range of products and our signature shopping experience closer to our valued patrons. We are committed to serving the people of Jalgaon with the same trust, transparency, and quality that PNG Jewellers has stood for since its inception in 1832.”
The Jalgaon store launch reinforces PNG Jewellers’ vision of expanding its footprint as Maharashtra’s strongest jewellery player while staying deeply connected to the needs of its customers. With this addition, the brand continues to tap high potential markets in India as it embarks up a nationwide expansion.
BrandBuzz
Bhima Jewellery Relaunches Its Trivandrum Flagship Showroom with Grandeur – Inaugurated by Cine Star Kajal Aggarwal
Bhima Jewellery celebrated the grand relaunch of its flagship Trivandrum showroom, inaugurated by actress Kajal Aggarwal, marking a new chapter in its century-long legacy of purity and craftsmanship.
Bhima Jewellery, India’s trusted name in purity, craftsmanship, and heritage for over a century, marked a spectacular new chapter today with the grand relaunch of its flagship showroom in Trivandrum. The much-awaited event was graced by leading cine artist Kajal Aggarwal, who inaugurated the revamped store amidst an enthusiastic and vibrant gathering of customers and well-wishers.
The ceremony witnessed the presence of prominent members of the Bhima Jewellery leadership team, including Dr. B. Govindan (Chairman), M.S. Suhas (Managing Director), Jaya Govindan, Gayathri Suhas, Navya Suhas (Directors), and Aarthi Govindan.
The redesigned showroom offers an elevated luxury experience, blending Bhima’s timeless traditions with modern elegance. Spread across multiple levels, the flagship store showcases an extensive range of jewellery – from exquisite bridal collections, traditional Kerala designs, antique treasures, diamond masterpieces, Silver and contemporary lightweight pieces, to a special curated section for platinum and precious gemstones.
Speaking on the occasion, Chairman Dr. B Govindan and Suhas MS Managing Director, Bhima Jewellery, said: “Trivandrum holds a special place in Bhima’s legacy. This flagship showroom is more than just a retail space
It’s an celebration of our 100-year journey of trust, purity, and artistry. With this relaunch, we are offering our customers not just jewellery, but a world-class shopping experience.”
Kajal Aggarwal, the guest of honour, shared her excitement: “Bhima Jewellery has been a household name for generations. I’m delighted to be part of this beautiful milestone and witness the exceptional designs and craftsmanship that truly reflect India’s rich heritage.”
The relaunch also unveiled exclusive inaugural offers for customers, valid for a limited time, as a gesture of gratitude for the unwavering support of Trivandrum’s jewellery lovers.
DiamondBuzz
BlueStone Jewellery Rs 1,541 crore IPO subscribed 66%
BlueStone Jewellery and Lifestyle’s ₹1,541 crore IPO has reached 66% subscription on the final bidding day, with QIBs leading at 85% of their allotted quota.
BlueStone Jewellery and Lifestyle’s Rs 1,541 crore IPO has been subscribed 66% overall as per the latest update on the third and final day of bidding. Among investor segments, Qualified Institutional Buyers (QIBs) have shown relatively stronger interest, having subscribed to 85% of their allotted portion.
BlueStone plans to raise up to Rs 1,541 crore via its IPO, comprising a fresh equity issue of Rs 820 crore and an OFS of 1.39 crore shares by existing investors, including Accel India III, Saama Capital II, Kalaari Capital, Iron Pillar, and Sunil Kant Munjal.
Ahead of the IPO launch, BlueStone secured Rs 693 crore from anchor investors. In the grey market, the response to the issue has been lukewarm, with the IPO trading at a modest premium of just 0.4% over its issue price of Rs 517 per share.
The latest Grey Market Premium (GMP) for BlueStone Jewellery’s IPO is hovering between Rs 2-4 above the issue price of Rs 517 per share. This points to a potential listing price of around Rs 520, implying a modest estimated gain of about 0.4% per share.
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