Diamond, Gems and Jewellery · SENCO
Diamond, Gems & Jewellery
from 346 today
Senco Gold delivered strong revenue growth driven by festive demand, but faced margin pressure from gold price volatility, discounting, and higher expenses. We reiterate our Neutral rating with a target price of INR385.
Senco Gold delivered strong consolidated revenue growth of 67% YoY in 1QFY27, but faced margin pressure due to gold price volatility and higher operating expenses. Given inconsistencies in operating performance and low hedging ratios, we reiterate our Neutral rating with a target price of INR385.
Senco Gold's 1QFY27 performance was mixed, with a beat on revenue while profitability missed estimates due to higher other expenses, interest costs, and subsidiary losses. We maintain our BUY recommendation with a revised target price of INR 661.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
