Senco Gold Limited has informed the Exchange about Business Update - Q3 & 9M FY26
SENCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Senco Gold reported a strong 51% YoY revenue growth in Q3 FY26, building on 6.5% growth in Q2 and 28% in Q1, resulting in ~31% growth for the first 9 months of FY26. Trailing twelve-month revenue has reached ~₹8,000 crore, supported by 49% retail growth and 39% same-store sales growth (SSSG) in Q3. Diamond jewellery sales grew ~36% YoY in Q3 and ~34% for 9 months. The company opened 4 new franchise showrooms in Q3, taking the total network to 196, and is on track to hit 200 showrooms and its 20-store opening target for FY26. Gold prices surged ~65% YoY (peaking at ₹1,40,000/10gm), leading to muted volume growth despite strong value growth. Management is confident of achieving 25%+ YoY growth for full-year FY26, supported by upcoming Q4 wedding season demand and an 18–20% growth target in the studded jewellery category.
Strong festive-season performance and 31% 9M growth well above the 25% FY26 target signal potential positive earnings surprise and likely positive stock reaction. However, the 'muted volume rise' warning due to record gold prices is a watchpoint, as it suggests demand elasticity concerns if prices keep climbing.