GAIL Establishes Finance Subsidiary in GIFT City for Global Operations

In a strategic move to broaden its financial operations, GAIL (India) Limited has incorporated a wholly owned subsidiary—GAIL Global IFSC Limited—within the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City), Gujarat. This development aligns with the company’s vision to enhance its global presence and capital management capabilities through structured financial channels within India’s premier financial hub.

Incorporation Details and Regulatory Approvals

GAIL Global IFSC Limited was formally established on 7th April 2025 with an authorised share capital of ₹17 crore and an initial paid-up capital of ₹8.5 crore. The Ministry of Petroleum & Natural Gas, Government of India, approved the formation of this subsidiary with confirmation from the Department of Investment and Public Asset Management (DIPAM) as of 13th March 2025.

This new entity will function as a finance company within the IFSC, adhering to all guidelines of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The entire investment has been made via cash consideration, with GAIL acquiring 100% of the equity at ₹10 per share.

Objectives and Strategic Intent

The primary goal of GAIL Global IFSC Limited is to engage in Global or Regional Corporate Treasury Centre activities and ship leasing operations, both strategically significant but distinct from GAIL’s conventional line of business in natural gas. This move allows GAIL to diversify its functional reach into the realm of international finance while retaining complete control and ownership over its new venture.

Although the subsidiary currently does not report any turnover or operational history, its establishment within the IFSC marks a calculated step towards international integration and financial efficiency for the parent company.

GAIL Share Performance 

As of April 09, 2025, at 2:30 PM, GAIL share price is trading at ₹166.70 per share, reflecting a decline of over 2% from the previous day’s closing price.

Conclusion

The formation of GAIL Global IFSC Limited signifies a pivotal expansion of GAIL’s corporate landscape. By stepping into the financial services space through the GIFT City IFSC, GAIL aims to capitalise on global financial flows and fortify its treasury capabilities, thereby marking a notable milestone in its strategic evolution.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

Sasken Technologies Acquires 100% Stake in BORQS International to Expand Global IoT Footprint

On 8th April 2025, Sasken Technologies Limited announced the successful completion of its 100% acquisition of BORQS International Holding Corp and its wholly owned subsidiaries. The transaction was executed through Sasken Design Solutions Pte. Ltd, a wholly owned subsidiary based in Singapore. With this strategic acquisition, Sasken aims to enhance its offerings in the field of connected devices and Internet of Things (IoT) solutions.

Acquisition to Strengthen End-to-End IoT Capabilities

BORQS International specialises in the design, development, and management of customised IoT devices and solutions. The acquisition supports Sasken’s ambition to provide a full-stack service — from ideation and intellectual property development to software implementation, product realisation, and hardware supply chain management. This move positions Sasken as a more comprehensive solution provider in the IoT space, catering to a global clientele.

The share purchase agreement was signed on 8th April 2025 for a total consideration not exceeding $40 million (approximately ₹338 crore), subject to adjustments and completion of specific conditions. This acquisition does not involve any related party transactions and was carried out entirely in cash.

Global Expansion with Strategic Presence Across Key Markets

Established in 2007, BORQS International has a presence in India, Hong Kong, and the People’s Republic of China. Over the past three years, its turnover has ranged between $29 million and $52 million. With this acquisition, the BORQS entities have become step-down subsidiaries of Sasken, adding to its global operational footprint and expanding its market reach.

 

Sasken intends to leverage BORQS’s capabilities to better support its clients with integrated solutions and accelerate the commercialisation of next-generation connected products. The acquisition does not require any governmental or regulatory approvals.

Sasken Technologies Share Performance 

As of April 09, 2025, at 2:30 PM, Sasken Technologies share price is trading at ₹1,303.35 per share, reflecting a decline of over 2% from the previous day’s closing price.

Conclusion

The acquisition of BORQS International by Sasken Technologies marks a pivotal step in its growth strategy, aimed at reinforcing its position in the IoT ecosystem. With enhanced technical capabilities and a broader geographic presence, Sasken is now poised to offer deeper value to its customers in the fast-evolving digital landscape.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

SEBI Tightens Investor Protection Norms with ‘1600’ Number Series Mandate

In a significant move to bolster investor protection and reduce instances of financial fraud, the Securities and Exchange Board of India (SEBI) has issued a new directive. All regulated and registered entities are now required to use phone numbers starting with the ‘1600’ series exclusively for service and transactional voice calls to existing customers.

Streamlining Caller Identification for Investors

The regulator’s decision is aimed at making it easier for investors to distinguish legitimate communication from potential scam calls. Typically, fraudsters disguise themselves using standard 10-digit mobile numbers, misleading investors into engaging in fraudulent transactions. The adoption of the ‘1600’ series will enable investors to quickly identify calls from genuine SEBI-regulated entities, significantly reducing the chances of deception.

Steps for Reporting Unsolicited or Fraudulent Communication

To further strengthen the security net, SEBI has urged investors to remain alert and report any Unsolicited Commercial Communications (UCC). Such reports can be submitted through the DND facility offered by telecom providers such as Airtel, Jio, Vi, MTNL, and BSNL. Alternatively, users can lodge complaints using the TRAI DND app or by contacting 1909. In more serious cases of suspected fraud, investors are advised to report such instances to the Department of Telecommunications via the Chakshu Platform. If a financial fraud has already taken place, victims can contact the Cyber Crime Helpline at 1930 or file a report through www.cybercrime.gov.in.

Conclusion

SEBI’s introduction of the ‘1600’ number series for all service-related calls represents a proactive step toward ensuring a safer investment environment. By simplifying the identification of legitimate communication, the regulator hopes to curb fraudulent activity and reinforce trust in the financial system.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Vodafone Idea’s Govt Stake Jumps to 48.99% After 3,695 Crore Equity Shares Allocation

Vodafone Idea Limited has officially informed the National Stock Exchange (NSE) and BSE about the allotment of new equity shares. This is done in accordance with Regulation 30 of SEBI’s Listing Obligations. The shares are being issued to the Government of India based on an order under Section 62(4) of the Companies Act, 2013.

Background of the Share Allotment

Earlier, the Ministry of Communications directed the company to convert its unpaid spectrum auction dues into equity. This decision was part of a move to support the financially struggling company by turning its debt into ownership for the government.

Details of Share Allotment

On April 8, 2025, the board’s Capital Raising Committee approved the issue of 3,695 crore equity shares at ₹10 each to the Government of India. This totals to ₹36,950 crore. With this, the government’s shareholding in Vodafone Idea now stands at 48.99%.

Resulting Capital Structure

After this allotment, Vodafone Idea’s total paid-up equity capital has risen to approximately ₹1,08,343 crore, consisting of over 1,083 crore equity shares. 

Share performance 

As of April 09, 2025, at 2:10 PM, Vodafone Idea Limited Share Price is trading at ₹7.13 per share, reflecting a loss of 0.56% from the previous day’s closing price. Over the past month, the stock has registered a loss of 1.79%. The stock’s 52-week high stands at ₹19.18 per share, while its low is ₹6.61 per share.

Conclusion

This significant share allotment strengthens Vodafone Idea’s financial base while increasing the Government of India’s involvement in the company. It marks a key step in supporting the revival of the telecom operator.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

India’s Largest Fighter Jet Deals: ₹63,000 Crore Cleared for 26 Rafale Marine Jets from France

India has approved a landmark defence acquisition, clearing the way to procure 26 Rafale Marine fighter jets from France. According to news reports, the Cabinet Committee on Security, chaired by Prime Minister Narendra Modi, gave its nod to the estimated ₹63,000 crore deal, making it one of India’s largest fighter jet procurements to date.

The agreement is expected to be signed officially later this month during the anticipated visit of French Defence Minister Sébastien Lecornu.

Composition of the Rafale Marine Fleet

The approved deal involves the acquisition of 22 single-seater and four twin-seater Rafale-M jets. These 4.5-generation fighters are tailor-made for naval operations and will be deployed to bolster India’s maritime defence capabilities.

The entire fleet is scheduled for delivery within 37 to 65 months from the date of contract signing, with full induction into the Indian Navy expected by 2030–31.

Deployment on INS Vikrant: A Strategic Move

The new Rafale-M jets are slated for deployment on INS Vikrant, India’s first indigenously built aircraft carrier. This move marks a significant upgrade in India’s naval aviation capability, ensuring enhanced aerial defence and strike power in the Indian Ocean Region.

Deal Includes Training, Logistics & Indigenous Manufacturing Push

As per news reports, the package goes beyond the jets themselves. It includes fleet maintenance support, logistics solutions, and training for Indian Navy personnel. Importantly, the deal comes with offset obligations aimed at boosting indigenous manufacturing and technology transfer in the defence sector.

Upgrades to Existing IAF Rafale Fleet Also Covered

The contract reportedly includes provisions for equipment, spares, and upgrades for the 36 Rafale jets currently operated by the Indian Air Force (IAF). These jets are based at Ambala and Hashimara airbases and have been a crucial part of India’s aerial defence since their induction following a ₹59,000 crore contract signed in 2016.

Enhancing Mid-Air Refuelling Capabilities

A noteworthy feature mentioned in the report is the planned enhancement of the IAF’s aerial refuelling capabilities. The deal will support upgrades to the “buddy buddy” refuelling system, enabling ten Rafale jets to refuel others mid-air—a vital force multiplier in extended air operations.

Naval Infrastructure Upgrades in the Pipeline

To accommodate the new fleet, the Indian Navy will also need to install specialised equipment on its aircraft carriers. These modifications are essential to support the advanced operational requirements of the Rafale-M jets.

Future Plans: Indigenous Fifth-Generation Fighters

Looking ahead, the Navy is also reportedly planning to induct indigenous fifth-generation fighter jets, currently being developed under the aegis of the Defence Research and Development Organisation (DRDO). These future additions would complement the Rafale-M fleet and further strengthen India’s defence self-reliance.

Conclusion

The ₹63,000 crore Rafale Marine deal signifies a major step in India’s ongoing efforts to modernise its armed forces. With strategic implications for the Navy and additional support for the IAF, this procurement underscores the growing defence ties between India and France. As the country progresses towards greater self-reliance in defence, this deal stands out as both a tactical enhancement and a symbol of international cooperation.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

RBI’s Regulatory Plans Shake Gold Loan Stocks: Muthoot & IIFL Slip Amid Broader Policy Changes

Shares of major gold financing companies, such as Muthoot Finance and IIFL Finance saw a sharp decline on Wednesday, April 09. By 12:50 PM, Muthoot Finance share price had slipped by 7.3%, while IIFL Finance also traded lower, reflecting investor reaction to fresh regulatory concerns. The sudden dip follows a key announcement by the Reserve Bank of India (RBI) regarding upcoming changes in gold loan regulations.

RBI’s Move to Regulate Gold-Backed Loans

During the monetary policy announcement, RBI Governor Sanjay Malhotra indicated that the central bank will soon issue comprehensive regulations governing loans backed by gold jewellery and ornaments. These loans, often availed for both personal consumption and income-generating activities, are widespread among retail borrowers.

The RBI’s new framework will aim to harmonise guidelines across various types of regulated entities, factoring in their differing risk appetites and operational models. This could potentially impact how gold loan NBFCs operate, manage risk, and serve borrowers going forward.

Gold Loans: A Core Segment for NBFCs

The announcement carries significant implications for companies with heavy exposure to gold loans. For instance:

This deep reliance makes these companies particularly sensitive to any regulatory adjustments in the gold lending space.

Monetary Easing: A Broader Policy Context

The regulatory update coincided with a broader policy shift, as the RBI reduced its key repo rate by 25 basis points to 6%, marking the second consecutive cut. The central bank also changed its stance from “neutral” to “accommodative”, signalling a willingness to support growth.

Other associated rate changes include:

  • Standing Deposit Facility (SDF): Reduced to 5.75%

  • Marginal Standing Facility (MSF): Lowered to 6.25%

  • Bank Rate: Also set at 6.25%

This dovish policy shift is in response to economic indicators suggesting a potential slowdown.

Growth Outlook Revised Downward

In addition to interest rate adjustments and regulatory updates, the RBI also revised its GDP growth forecast for FY26. The projection now stands at 6.5%, a 20 basis point cut from the previous estimate of 6.7%. This reflects a more cautious economic outlook amid both domestic and global uncertainties.

Conclusion

The RBI’s move to regulate gold-backed loans has triggered immediate market reactions, especially among gold-centric NBFCs. Investors now await further clarity on the regulatory framework and its broader implications for the sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Monthly income of ₹2.5 lakh with one-time investment of ₹10 lakh; here’s how to make it possible

Planning for retirement at a young age may seem far-fetched, but starting early can be one of the smartest financial decisions you’ll ever make. In this article, we explore a potential route to generate a steady monthly income of ₹2.5 lakh after retirement with a one-time investment of ₹10 lakh today — without making it sound like a product recommendation. Let’s understand the journey of disciplined investing and how it can pay off big time in the long run.

Your current scenario: Just 25 and already planning ahead

You’ve been working for 3years and just turned 25. Over these years, you’ve managed to save a decent amount and also received a loyalty bonus from your employer. You’ve now accumulated ₹10 lakh, and rather than spending it, you want to plan your retirement, which is 30 years away.

You foresee your monthly expenses at retirement (age 55) to be in the range of ₹2.25 to ₹2.50 lakh — which means you’ll need a significant retirement corpus. But instead of monthly SIPs or recurring investments, you’re considering a one-time lump-sum investment.

The power of compounding over 30 years

Let’s assume you invest ₹10 lakh today in a mutual fund that delivers an average annualised return of 12% over the next 30 years. While this return is not guaranteed, historically some equity mutual funds have managed to deliver similar returns over the long term.

  • Investment Amount: ₹10,00,000

  • Expected Annual Return: 12%

  • Investment Duration: 30 years

  • Corpus at 55: ₹2,99,59,922

So, by the time you turn 55, your ₹10 lakh investment could grow to nearly ₹3 crore, thanks to the power of compounding.

Starting a monthly income using SWP

Now, instead of withdrawing the entire amount at once, you decide to set up a Systematic Withdrawal Plan (SWP) — a facility that allows you to withdraw a fixed amount every month from your mutual fund investment while the remaining amount stays invested and continues to earn returns.

  • Corpus at 55: ₹2,99,59,922

  • Monthly Withdrawal (SWP): ₹2,50,000

  • Duration of Withdrawal: 15 years (until age 70)

  • Expected Return during Withdrawal Phase: 8% annually

What the numbers say

Using an SWP with the above parameters, here’s what your retirement income and final corpus might look like:

  • Total Withdrawn Over 15 Years: ₹4.5 crore

  • Final Corpus Left After 15 Years: ₹1.2 crore

  • Total Return Earned During Withdrawal Period: ₹2.7 crore

Even after withdrawing ₹2.5 lakh every month for 15 years, you’d still be left with over ₹1 crore, providing you with further financial security for the years beyond.

Why this approach can work

  • Early investing advantage: Starting at 25 gives you the compounding edge that late starters won’t have.

  • One-time effort: A lump-sum investment minimises the hassle of monthly commitments.

  • SWP flexibility: You control how much you want to withdraw and can adjust as per your lifestyle or inflation.

  • Continued growth: Even during retirement, your money continues to earn — you don’t stop compounding at 55!

Points to consider

  • Market risks: Mutual funds are market-linked, and returns are not guaranteed.

  • Inflation: While ₹2.5 lakh may seem enough today, ensure it matches future cost-of-living projections.

  • Taxation: SWP withdrawals are subject to capital gains tax depending on the holding period and fund type.

Conclusion

This article shows how starting early and staying invested can potentially lead to a financially secure retirement. With a well-planned one-time investment, you could generate a monthly income that supports a comfortable lifestyle while still keeping your corpus growing in the background.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Cochin Shipyard and Drydocks World Sign MoU to Develop Ship Repair Clusters in India

In a strategic move aimed at enhancing India’s maritime infrastructure, Cochin Shipyard Limited (CSL) has signed a Memorandum of Understanding (MoU) with Drydocks World, a prominent entity of DP World specialising in maritime and offshore industries. This collaboration intends to leverage the combined expertise of both organisations to significantly improve India’s ship repair capabilities. The share price of Cochin Shipyard was down by 1.84% as of 9:44 AM. 

Key Highlights of the MoU

The MoU outlines the intention to create advanced ship repair clusters along India’s coastline, particularly focusing on Kochi in Kerala and Vadinar in Gujarat. This initiative is anticipated to introduce global best practices within the domestic ship repair industry, thereby enhancing overall efficiency and capacity.

The agreement also considers potential ventures in offshore fabrication projects, which will engage major ports and other governmental entities, aiming for broader infrastructure development.

Prominent Figures and Events

The MoU signing took place at the prestigious CEO-Connect event titled “Dubai-India Economic Ties & Opportunities” held in Mumbai. It was witnessed by esteemed dignitaries, including H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai; Shri Piyush Goyal, India’s Minister of Commerce and Industry; and His Excellency Sultan Ahmed bin Sulayem, CEO of DP World. The signing underscored the robust economic relationship between India and the UAE.

Strategic Importance and Employment Opportunities

This strategic partnership aligns closely with the Indian government’s Maritime India Vision 2030 and the longer-term Maritime Amrit Kaal Vision 2047. By modernising maritime infrastructure and ship repair capabilities, this collaboration is expected to create substantial employment opportunities and bolster the local economies of the regions involved.

Strengthening India’s Global Maritime Position

By integrating the technical know-how and extensive industry experience of Drydocks World and CSL, India is positioned to strengthen its role as a global maritime hub. The partnership is aligned with the nation’s ambition for greater self-reliance under the “Atmanirbhar Bharat” initiative, ultimately aiming to secure a leading international position in maritime engineering and related sectors.

Conclusion

The agreement between Cochin Shipyard Limited and Drydocks World represents a significant step forward in India’s ambition to enhance its maritime infrastructure and capabilities. With the involvement of both domestic and international stakeholders, the maritime sector in India is set for promising growth and global recognition.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

LG Electronics India and Ather Energy Hit Pause on IPOs as Markets Wobble

The recent upheaval in global markets, driven by mounting fears of a US recession and intensifying trade tensions, has put a brake on the initial public offerings (IPOs) of LG Electronics India and Ather Energy, as per a media report. Both companies had initially planned to launch their IPOs on the 3rd or 4th week of April 2025, capitalising on what had appeared to be a recovering market. However, the sharp and sudden shift in investor sentiment has forced a reassessment of those plans.

Significant Offerings Now Under Review

LG Electronics India, the home appliance giant, was preparing an IPO estimated at ₹15,000 crore — potentially becoming the fifth-largest in Indian history. Meanwhile, Ather Energy, the electric scooter manufacturer, had set its sights on raising ₹4,000 crore through its public issue. These ambitious listings, however, now face uncertainty.

Sources suggest that both companies are exploring the possibility of deferring their launches. There are also indications of internal discussions around scaling back the offer sizes and valuations to reflect prevailing market conditions. It is important to note, though, that no official confirmation has been made regarding any revisions.

From Optimism to Uncertainty

Only weeks ago, the companies had reportedly locked in tentative dates, booked venues, and initiated IPO roadshows. The equity markets had rebounded from their March lows, briefly reviving hopes for successful listings. But that optimism was short-lived. A swift decline in benchmark indices, driven by global macroeconomic concerns, has now cast a shadow over these large-scale offerings.

Both LG and Ather had secured regulatory approvals — with LG Electronics India receiving the Securities and Exchange Board of India (Sebi)’s nod in March, and Ather Energy in December 2024. Despite this readiness, the deteriorating sentiment has forced issuers to reconsider timing.

Broader IPO Pipeline Feels the Heat

LG and Ather are not alone. Several other companies, including Smartworks, Brigade Hotel Ventures, Aegis Vopak Terminals, National Securities Depository, IndiQube, and Indogulf Cropsciences, were also preparing to tap the market in the coming months. The current volatility, however, has introduced a wave of caution.

The benchmark Nifty fell to its lowest level since June 2024. Consequently, March 2025 saw no mainboard IPOs — the first such dry spell since May 2023.

A Cold Start to 2025

So far, in 2025, IPO activity has significantly slowed. Just nine companies have raised a total of ₹15,723 crore — a stark contrast to 2024, when 91 companies raised a record ₹1.6 trillion. While the market did witness a short-lived rebound of 8% from the March lows, this momentum has proven insufficient to sustain confidence in new public offerings.

If April ends without a single IPO, it will mark the longest gap since February 2023. Such a prolonged lull underlines the nervousness pervading equity capital markets, even as some listed firms continue to pursue share sales amid fleeting moments of stability.

Conclusion

As global economic indicators remain mixed and domestic markets react with heightened sensitivity, the IPO landscape in India appears to be entering a cautious phase. Companies like LG Electronics India and Ather Energy, which had previously seen strong investor interest, are now in wait-and-watch mode — a reflection of the complex interplay between market timing, valuation expectations, and investor confidence.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Senco Gold Hits Upper Circuit After Reporting Record Revenue Growth and Strong Q4 Performance

Senco Gold Ltd’s share price hit an upper circuit on April 9, 2025, as of 9:21 AM, following the company’s robust Q4 and FY24-25 business update, which highlighted record-breaking revenues, significant retail growth, and strong momentum from wedding and festive demand despite rising gold prices.

Strong Revenue Momentum in Q4

Senco Gold recorded its highest-ever Q4 revenue at over ₹1,300 crore, marking a 23% year-on-year (YoY) retail growth and an 18.4% same-store sales growth (SSSG). For the full financial year FY25, revenue crossed ₹6,200 crore with a YoY retail growth of 19.4% and SSSG of 14.6%. Notably, revenue from non-Eastern markets surpassed ₹1,100 crore.

Growing Demand for Diamonds and Designer Jewellery

A significant highlight was the 39% YoY jump in diamond jewellery sales in Q4, driven by marketing campaigns, participation in exhibitions, and curated offers. This helped lift the stud ratio to 10.9% in FY25, up from 10.5% in the previous nine months. Additionally, the company launched over 11,000 gold jewellery and 4,300 diamond jewellery designs in Q4 to refresh its offerings.

Consumer Sentiment Resilient Despite Gold Price Surge

Despite gold prices increasing 11% quarter-on-quarter and 33% compared to Q4 last year, reaching an all-time high of US$3,150/oz, consumer sentiment remained buoyant. Senco Gold saw a surge in old gold exchanges, with 40% of sales in FY25 stemming from recycled gold, and 61% of that coming from non-Senco customers.

Expansion Strategy and Store Network Growth

In Q4 alone, Senco Gold added four new showrooms in Kolkata (BT Road/Dunlop and Budge Budge), Ghatal in West Bengal, and Varanasi in Uttar Pradesh. In total, the company added 15 showrooms in FY25 (net), bringing its network to 175 stores—including 72 franchisee outlets and one showroom in Dubai.

Looking ahead, the company aims to launch 20–22 new showrooms in FY26, including company-owned and franchisee models. It also plans to expand its SIS (store-in-store) model with approximately 70 outlets, targeting 100 by March 2026. Furthermore, 5–7 new SENNES stores are expected to be launched via its subsidiary Sennes Fashion Ltd, focusing on lifestyle products like lab-grown diamonds, leather goods, and perfumes.

Margin Outlook and Schemes to Drive Loyalty

Despite an earlier margin impact from customs duty reduction, Q4 showed improved profitability owing to the uptick in diamond jewellery sales. The adjusted EBITDA margin stood at 6.2%, and the outlook for Q4 margins is optimistic. The company also relaunched an 18-month jewellery purchase scheme to build a loyal customer pipeline and maintain steady footfall during festive periods.

Positive Start Expected for FY26

Encouraged by the momentum of Poila Baisakh, Akshaya Tritiya, and continued wedding season demand, Senco Gold anticipates a strong Q1 FY26 with expected YoY growth exceeding 18%. The recent gold price correction and rising consumer spending power may further bolster performance in the coming months.

Conclusion

Senco Gold’s robust Q4 performance, marked by record revenue, strong retail growth, and strategic expansion, reflects its ability to capitalise on festive and wedding season demand despite rising gold prices. 

The company’s focus on design innovation, expansion into non-Eastern markets, and growing traction in diamond jewellery have added further strength to its business model. Amidst these developments, Senco Gold’s share price hit the upper circuit on April 9, 2025, as of 9:21 AM.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.