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Senco is gearing up for significant growth; plans to open 20 new stores this year

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Senco Gold & Diamonds, one of India’s leading jewelry retailers, is gearing up for significant growth in the fiscal year 2025. The company has announced plans to open 20 new stores this year, aiming for a 20% increase in its topline revenue. This expansion is part of its broader strategy to maintain consistent annual growth while catering to rising consumer demand.These details were provided by Suvankar Sen, MD and CEO of Senco Gold & Diamonds, during an interview with CNBC TV18.

The company experienced a challenging start to FY25, with weak demand for diamond jewelry during the first three quarters due to high gold prices. However, the fourth quarter saw a revival, with increased sales of 14-carat and 18-carat diamond jewelry. Senco Gold also noted that silver sales outpaced both gold and diamonds in volume and value, as consumers increasingly view silver as an investment and gifting option.

Senco Gold has embraced innovation by launching dedicated lab-grown diamond jewelry stores under its sub-brand “Sennes.” According to Suvankar Sen, Managing Director and CEO of the company, lab-grown diamonds are gradually carving out their own market. The company expects these products to gain traction within the next two years, especially in the small-ticket segment catering to everyday wear.

The reduction in gold import duties by 9% provided temporary relief to customers but affected Senco’s profitability in Q2 and Q3. Despite this, the company expects profit margins to stabilize by the end of FY25.

In addition to domestic growth, Senco Gold has ventured into international markets by opening a store in Dubai. This move aligns with its strategy to cater not only to Indian expatriates but also to global consumers who appreciate handcrafted Indian jewelry. The company is also diversifying its product portfolio under the Sennes brand by introducing luxury lifestyle products such as leather bags.

Future Outlook

Suvankar Sen remains optimistic about the future, citing strong demand during wedding seasons and evolving consumer preferences for lightweight, versatile jewelry. The company is also focusing on digital services like virtual try-ons and personalized designs to appeal to younger, tech-savvy customers.

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Senco Gold & Diamonds Brings An Exclusive Jewellery Exhibition To Bikaner, Celebrating Rajasthani Craftsmanship And Senco’s Kolkata Karigari Heritage

The exclusive exhibition brings together traditional Rajasthani jewellery, regional craftsmanship and Senco’s Kolkata karigari heritage, alongside an extensive selection of gold and natural diamond jewellery, lightweight traditional designs, live experiences, customer engagement activities and exclusive rewards from 14th to 31st August 2026.

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Senco Gold & Diamonds is hosting an exclusive jewellery exhibition at its Bikaner store from 14th to 31st August 2026, as customers begin preparing for the upcoming festive and wedding season. At the heart of the exhibition is a celebration of jewellery craftsmanship, bringing together traditional Rajasthani jewellery, regional jewellery craftsmanship and the rich karigari heritage of Kolkata that has been an integral part of Senco’s identity.

The showcase brings the breadth and versatility of Senco’s jewellery offering under one roof, highlighting the distinctive jewellery traditions of Rajasthan, with regional pieces such as Baju Bandh, Rakdi Set, Shishful, Nath, Bangdi, Panchlda, Tinlda and Kantha. These traditional creations reflect the ornate detailing, cultural influences and craftsmanship associated with the region, allowing customers to explore Rajasthan’s jewellery heritage alongside Senco’s broader collection of contemporary and traditional designs. 

The exhibition also offers an opportunity to explore the wider portfolio, with brands and collections created for different expressions of jewellery and lifestyle. From lightweight gold jewellery and Aham’s contemporary men’s jewellery to couture-led designs, Vivaha’s bridal offerings and Gossip’s silver and fashion jewellery, the portfolio reflects Senco’s focus on giving customers greater choice across occasions, aesthetics and ways of wearing jewellery.

Designed as more than a jewellery showcase, the exhibition brings together live artistry, entertainment, refreshments and interactive customer experiences, creating a festive environment for customers and families.

The celebrations continue on 15th August with Independence Day and Teej celebrations, alongside live Mehendi Art, Nail Art and jewellery photoshoots. On 16th August, customers can enjoy further exhibition activities, including live beauty experiences and jewellery photoshoots.

The exhibition enters its customer engagement phase from 28th to 31st August, with a line-up of interactive activities including live Lac Bangle Making. The exhibition culminates on 31st August with Grand Customer Engagement and Closing Activities.

Adding to the excitement is an Exclusive Lucky Draw, giving customers an opportunity to win surprise gifts and exclusive coupons. Customers making purchases eligible during the exhibition period from 14th to 31st August 2026 can participate in the draw.

Speaking on the occasion, Suvankar Sen, MD & CEO, Senco Gold & Diamonds, said:

“India’s jewellery traditions are incredibly diverse, and that diversity is something we have always celebrated at Senco. Rajasthan has its own rich jewellery language and craftsmanship, while our roots in Kolkata have given us a deep connection with karigari and the art of jewellery making.

Bringing these together in Bikaner allows customers to experience that diversity alongside the breadth of what Senco offers today, from gold and diamonds to 9KT, 14KT and 18KT gold, from necklaces and earrings to kadas, bangles, rings and mangtikkas, and from statement jewellery to lightweight traditional pieces designed for ease of wear. Most importantly, we want customers to experience the trust and craftsmanship that Senco has built over generations, while discovering jewellery that feels relevant to their own celebrations and style.”

The Bikaner exhibition reflects Senco Gold & Diamonds’ approach to creating retail experiences that go beyond the jewellery itself, bringing together craftsmanship, regional heritage, design versatility and customer engagement. As customers prepare for the festive and wedding season, the exhibition offers an opportunity to discover the richness of Indian jewellery traditions alongside Senco’s contemporary design sensibility, with a wide selection of jewellery and a vibrant programme of experiences, entertainment and rewards.

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