Senco Gold Limited reported a record revenue of ₹8,430 crore for FY26, marking a 33% year-on-year growth, driven by robust demand during the wedding season and strategic expansion into new geographies. Q4FY26 revenue crossed ₹1,997 crore, a 45% increase compared to the same period last year. The Board of Directors approved the standalone and consolidated financial results for the fourth quarter and year ended March 31, 2026, at its meeting held on May 26, 2026.

Financial Performance

The company posted an EBITDA of ₹274 crore and a Profit After Tax (PAT) of ₹157 crore for the quarter ended March 31, 2026. For the full year, EBITDA margins reached 11.5% and Q4 EBITDA margins stood at 13.7%. The management attributed the margin expansion to the rise in gold and silver prices, improvements in product mix, and premiumization.

Operational Highlights

Senco Gold's operational strategy focused on expanding its footprint and optimizing its product portfolio. The company opened 26 showrooms in FY26, including 7 in Q4FY26, with a target to launch 18–20 stores in FY27, primarily through the franchise model. New geographies included Rajasthan (Bikaner), Western UP, and Nagpur (Maharashtra), with the future pipeline skewed towards Bihar and UP.

The company's lightweight design portfolio, comprising over 1.5 lakh designs, and the introduction of 9-carat and 14-carat jewellery resonated well with customers. The average ticket size grew by approximately 30% year-on-year. Additionally, the 'Sennes' brand, focusing on lab-grown diamonds and lifestyle products, turned EBITDA positive in its second year with 12 exclusive stores.

Strategic Initiatives and Outlook

A key driver for the company was the 'Old Gold Exchange' program, which accounted for approximately 50% of total revenue in Q4FY26 and 44% for FY26. This initiative aligns with the national objective of promoting recycled gold to reduce imports. Management proposed a final dividend of 20%, in addition to the interim dividend of 15% declared earlier.

Looking ahead, Senco Gold provided guidance for FY27, targeting revenue growth of 18–20%, implying a revenue range of ₹10,000–₹10,500 crore. The company expects sustainable EBITDA margins of 7.5–7.8% and PAT margins between 4% and 4.5%. The management remains optimistic despite near-term volatility in gold prices and the inauspicious 'Adhik Maas' period, citing strong growth in April 2026 driven by the Akshaya Tritiya and Poila Boishakh festivals.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE602W01027/58826b37bc0d4b4f.pdf

Senco Gold reported a consolidated net profit of ₹5,743.19 million for the financial year ended March 31, 2026, a 261% increase from ₹1,593.09 million in the previous year. Revenue from operations for the year rose 33% to ₹84,300.30 million, compared to ₹63,280.72 million in FY25. The Board of Directors has recommended a final dividend of ₹1 per equity share, or 20% of the face value of ₹5 each, for the financial year 2025-26, pending approval at the upcoming Annual General Meeting. The statutory auditors, M/s Walker Chandiok & Co LLP, issued an unmodified opinion on the consolidated and standalone financial results.

For the quarter ended March 31, 2026, the company recorded a consolidated profit after tax of ₹1,568.79 million, compared to ₹624.30 million in the same quarter of the previous year, while revenue from operations for the quarter stood at ₹19,966.59 million versus ₹13,777.12 million year-on-year. The financial results have been prepared in compliance with the Indian Accounting Standards and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company's financial results for the year ended March 31, 2026, reflect strong growth across key metrics. The table below summarizes the consolidated financial performance for the full year and the fourth quarter.

Operational Highlights

Senco Gold's operational profitability saw a sharp improvement in FY26, with EBITDA rising 164% to ₹9,690 million. The EBITDA margin expanded to 11.5%, driven by gains due to the rise in gold, silver, and platinum prices, as well as improved product mix and diamond sales growth. For Q4 FY26, EBITDA more than doubled to ₹2,744 million, with a margin of 13.74%.

The company's showroom network expanded to 201 showrooms, including 12 Sennes showrooms and 2 in Dubai, with 26 new showrooms launched in FY26. CareEdge upgraded the company's credit rating to CARE A+; Stable (Long Term) / CARE A1 (Short Term). Average gold prices surged 79% YoY in FY26, leading to a normalized ~6% YoY reduction in gold volumes, while silver volumes surged ~35% YoY and diamond volumes grew ~9% YoY.

Management Outlook

Management stated that the company achieved the highest ever topline of ₹8,430 crore with 33% YoY growth. The growth was secular across own and franchise channels, with 28% and 34%, respectively. Old Gold Exchange contributed ~50% to total revenue in Q4 and ~44% in FY26. The company plans to launch ~18-20 new showrooms in FY27 and expects ~20% revenue growth while targeting EBITDA margins in the range of 7.5%–7.8%. The stellar performance for FY26 led to an improvement in ROE and RoCE to 25.7% and 22.5%, respectively.