• Revenue growth outlook: Senco Gold is guiding for full-year revenue growth of 20% to 25% following 67% growth in Q1 and a current Q2 run rate of around 25%. Management expects Q1 and Q3 to remain the strongest quarters due to festive and wedding season demand.
• Margin expectations: Management projects sustainable full-year EBITDA margins of around 7.5% and PAT margins between 4% and 4.5% under a 50% gold hedging policy. Previous EBITDA margins of around 10% were primarily driven by a 2.5% tailwind from surging gold prices.
• Store expansion plans: The company opened 8 stores in Q1 and has 13 to 15 stores in the pipeline, keeping it on track to achieve its annual target of adding approximately 20 stores with a focus on franchises.
• Diamond jewelry performance: Diamond jewelry sales grew by approximately 40% during Q1, maintaining the company's studded jewelry ratio at around 11%.