Retails gold and diamond jewellery through a chain of physical showrooms across India, with most revenue coming from walk-in customers buying bridal and occasion-wear pieces. As of FY26 year-end the company operated 201 showrooms in India and Dubai, including 12 Sennes-branded stores and 2 international stores, having launched 26 new showrooms during the year; by Q1 FY27 the network had grown to 208 stores. A central plank of the model is the Old Gold Exchange programme, under which customers trade in existing gold jewellery and account for around 44-50% of revenue, with the balance largely from new gold and diamond purchases. Average ticket value stood at Rs 95,100 in FY26 and same-store sales grew 24% for the year (35% in Q4 FY26). Revenue of Rs 8,430 crore in FY26 was driven largely by a 79% YoY surge in gold prices (average Rs 1,51,783 per 10gm), which lifted the topline despite a roughly 6% drop in gold volumes; diamond jewellery value rose 40% on 15% volume growth in Q1 FY27. Materials — gold, silver, platinum and diamonds — made up 76.6% of revenue, making commodity prices the dominant cost driver. The company has an extended strategic and marketing tie-up with August Jewellery (Melorra brand) and a planned ~68% acquisition of that business, targeted to close by 30 September 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Gold jewellery retail, Diamond jewellery retail, Old Gold Exchange, Sennes brand stores, International stores, Melorra / August Jewellery tie-up. Cyclical, commodity-price-driven retail jewellery with a heavy gold inventory and showroom footprint.
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 5,241 | 6,328 | 8,430 |
| EBITDA (ex other income) | 376 | 368 | 969 |
| margin % | 7.2 | 5.8 | 11.5 |
| Owners' profit | 181 | 159 | 574 |
| EPS, as reported (₹) | 24.06 | 10.09 | 35.08 |
| ROE % · ROCE % | 13.3 · 22.2 | 8.1 · 15.8 | 22.8 · 33.8 |
| Debt / equity (x) | 1.10 | 0.90 | 0.62 |
| Cash from operations | (294) | (221) | (789) |
| Capex | (38) | (38) | (61) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,500 | 2,103 | 1,378 | 1,826 | 1,536 | 3,071 | 1,997 | 3,056 |
| Profit before tax | 16 | 46 | 85 | 141 | 59 | 355 | 208 | 139 |
| Net profit | 12 | 33 | 62 | 105 | 49 | 264 | 157 | 101 |
| EPS (₹) | 1.56 | 2.13 | 3.82 | 6.39 | 2.98 | 16.13 | 9.58 | 6.17 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TITAN COMPANY LIMITED | 4,44,743 | 77.5 | 28.32 | 51.7 | 32.3 | 32.7 | 32.3 | 14.2 |
| KALYAN JEWELLERS IND LTD | 62,083 | 43.3 | 9.84 | 23.4 | 21.4 | 22.1 | 33.0 | 6.5 |
| THANGAMAYIL JEWELLERY LTD | 15,910 | 40.7 | 11.24 | — | 24.8 | 30.3 | — | 5.4 |
| BLUESTONE JEWEL LFSTL LTD | 13,640 | 268.8 | 7.57 | 32.5 | 0.7 | 0.7 | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Senco Gold to host analyst meetings in Mumbai on Sep 16-17, 2026 | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Senco Gold 32nd AGM: All 3 resolutions passed, final dividend of INR 1 declared | board shareholder meetings | low | — | — |
| 2 Sept 2026 · 32nd AGM results: 3 resolutions passed, total dividend INR 1.75 per share declared | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Newspaper publication of Form DPT-1 deposit circular | compliance | minimal | — | — |
| 31 Aug 2026 · Senco Gold 32nd AGM: FY26 accounts, dividend, director re-appointment approved | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Senco Gold Q1 FY27: sales cross INR 3,000 crores, revenue up 67 percent | investor communications | medium | — | — |
| 13 Aug 2026 · Senco Gold publishes Q1 FY27 results in newspapers | compliance | minimal | — | — |
| 11 Aug 2026 · Senco Gold Q1 FY27: Revenue up 67% YoY to Rs 3,056 Cr, PAT slips 3% | compliance | low | — | — |
| 11 Aug 2026 · Senco Gold Q1 FY27: Revenue jumps 67% YoY, EBITDA margin guided at 7.5-7.8% | investor communications | medium | — | — |
| 11 Aug 2026 · Q1 FY27: Revenue jumps 67% but PAT dips 3% on subsidiary losses | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 16.7 |
| PC JEWELLER LTD | 13,342 | 13.9 | 1.63 | 16.5 | 8.7 | 8.6 | 3.5 | 27.8 |
| SKY GOLD AND DIAMONDS LTD | 12,822 | 38.2 | 10.63 | 29.1 | 23.4 | 29.8 | — | 8.2 |
| P N GADGIL JEWELLERS LTD | 8,307 | 18.6 | 4.23 | 14.1 | 20.9 | 26.1 | — | 8.0 |
| ETHOS LIMITED | 7,118 | 67.7 | 4.28 | 27.7 | 5.8 | 7.0 | — | 16.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.9 | 23.4 | 2 of 29 | 96% |
| P/B | 2.3 | 2.8 | 11 of 28 | 63% |
| ROCE | 26.7 | 16.7 | 6 of 28 | 82% |
| ROE | 22.9 | 14.6 | 6 of 28 | 82% |
| Debt / Equity | 0.6 | 0.3 | 22 of 28 | 22% |
| EBITDA margin | 7.5 | 10.7 | 21 of 30 | 31% |
| Revenue growth | 67.3 | 45.7 | 6 of 25 | 79% |
| Profit growth | (3.4) | 49.8 | 23 of 25 | 8% |
| Market cap | 5684 | 2587 | 10 of 30 | 69% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
