Senco Gold Limited has informed the Exchange about Transcript
SENCO · price
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Senco Gold reported a strong Q1 FY26 with revenue growing ~30% year-on-year and profit after tax more than doubling (up ~104%) to cross INR100 crore, despite gold prices rising 5% quarter-on-quarter and 30% year-on-year. EBITDA margin expanded sharply to 10.1% from 7.7% last year, driven by higher making charges, better diamond realisation, and lower hedging ratio (55-60% vs 75-80% earlier). Diamond jewellery saw 35% volume growth and over 50% value growth, pushing the stud ratio above 11% from 9-9.5%. The company opened 10 stores in Q1 (5 franchisee, 5 owned) and reaffirmed its full-year guidance of 20% revenue growth and a sustainable 6.8-7.3% EBITDA margin, with management indicating Q2 growth of 16-18%.
Strong quarterly performance with margin expansion and robust store expansion plan is positive for shareholders, though management is calling Q1 margins unsustainably high and sticking to conservative full-year guidance. The earnings beat supports near-term sentiment but the stock may already reflect much of the optimism given the run-up in gold prices.