Senco Gold Limited has informed the Exchange about Business Update - Q1 FY26.
SENCO · price
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Senco Gold reported a strong start to FY26 with Q1 total revenue growing ~28% year-on-year, driven by favourable festive calendar (Akshay Tritiya, Poila Baishakh, Bihu). Retail revenue rose 24% YoY and same-store sales grew 19%. The company opened 9 new showrooms in the quarter (4 company-owned, 5 franchisee), taking its total jewellery store count to 179. Diamond jewellery sales surged ~35% in volume on strong stud ratio momentum. Despite a sharp 32% YoY rise in gold prices (reaching ₹86,900–₹1,01,000 per 10 grams), the company saw a modest softness in volume growth in mass and bridal segments, while value growth held up well, supported by old gold exchange contributing ~40% of sales.
Strong double-digit revenue growth and steady showroom expansion signal healthy business momentum, though high gold prices are starting to weigh on volumes in lower-ticket segments. Shareholders should watch Q2 closely as it is seasonally weaker and monsoon-led, with gold price volatility remaining a key swing factor.