New Delhi, July 3 -- Senco Gold, one of the leading pan-India jewelry retailers, announced its business update for the June ending quarter today, reporting another quarter of robust growth across its business. It reported a 60% year-on-year rise in revenue, while it improved 53% sequentially.

The retail revenue grew 48% YoY and 51% QoQ. The company also recorded a robust same-store sales growth (SSSG) of 38%, supported by a favourable festive calendar that included Akshaya Tritiya, Poila Baisakh, Baishakhi, Bihu, and the onset of the summer wedding season.

According to the company, the business remained resilient despite the Adhik Maas period and the increase in customs duty on gold from 6% to 15%. The company said gold prices remained ...