Senco Gold Limited , a leading jewellery retailer in India, has reported robust financial results for the second quarter and first half of fiscal year 2026, demonstrating strong growth despite challenging market conditions and record-high gold prices.

Financial Highlights

For the first half of FY2026 (H1 FY26), Senco Gold achieved significant growth:

• Consolidated revenue increased by 15.8% year-over-year to Rs. 3,362.30 crore
• Profit after tax (PAT) surged by 142% to Rs. 153.40 crore
• EBITDA margin expanded by 310 basis points to 8.6%

The company's performance in the second quarter (Q2 FY26) was also noteworthy:

• Q2 revenue grew by 2.4% year-over-year to Rs. 1,536.10 crore
• Q2 PAT showed a remarkable 302% growth

Operational Performance

Senco Gold's operational metrics reflected positive trends:

• Same-store sales growth (SSSG) of 13% in H1 FY26
• Stud ratio increased to 12%, driven by 31% growth in diamond jewellery demand
• Average selling price rose to Rs. 56,700, up 15% year-over-year
• Average ticket value reached Rs. 86,200, a 16% increase year-over-year

Expansion and Network Growth

The company continued its expansion strategy:

• Launched 16 new showrooms in H1 FY26, bringing the total to 192 showrooms across 17 states and union territories
• Opened 6 new showrooms in Q2 alone, including locations in West Bengal, Bihar, Hyderabad, and Dubai

Festive Season Performance

Senco Gold reported exceptional performance during the recent festive season:

• Achieved highest-ever monthly retail sales of over Rs. 1,700.00 crore during Dhanteras in October 2025
• This represents a 56% year-over-year growth, despite record-high gold prices

Management Commentary

Suvankar Sen, Managing Director and CEO of Senco Gold Limited, commented on the results: "We are pleased to report that we have delivered an enduring performance in Q2, despite the highest-ever gold prices reaching Rs. 11,650/gm in September 2025, and a quarter marked by significant headwinds including Shraddh period, heavy rainfalls and floods in the eastern region and global uncertainties."

He added, "We are now fully prepared to meet the strong demand for the upcoming wedding season and will continue to launch exciting new designs totalling 200k+ Gold and 100k+ diamond jewellery designs."

Future Outlook

The company has reiterated its guidance of approximately 18-20% topline growth for the full year. Senco Gold plans to launch another 6-8 showrooms in the remainder of FY26 and will focus on inventory optimization and improving return on equity (ROE) and return on capital employed (ROCE).

Senco Gold's strong performance in H1 FY26, despite challenging market conditions, demonstrates the company's resilience and effective strategies in the competitive jewellery retail sector. The company's expansion plans and focus on operational efficiency position it well for continued growth in the coming quarters.

Senco Gold Limited , a prominent player in the Indian jewelry market, has reported exceptional sales figures for October 2025, marking a significant milestone in its growth trajectory. The company's performance during the Dhanteras and Diwali season has set new records, despite challenges such as high gold prices and previous muted demand.

Record-Breaking October Sales

Senco Gold achieved its highest-ever retail sale of over ₹1,700 crore in October 2025, representing a remarkable 56% year-over-year growth compared to October 2024. This growth was driven by strong performance across various product categories:

Year-to-Date Performance and Expansion

For the first seven months of the fiscal year (April to October 2025), Senco Gold has reported:

• 25% year-over-year retail value growth
• 19% Same Store Sales Growth (SSSG)

The company has also expanded its retail footprint:

• 185 Senco showrooms in India
• 2 showrooms in Dubai
• 8 Sennes lifestyle accessory showrooms

With the addition of three new showrooms in October, Senco Gold has crossed the 195-showroom mark across all its brands.

Future Outlook

Despite potential gold price fluctuations and global uncertainties, Senco Gold maintains a positive outlook:

• Projected growth of 18% to 20% for the remainder of FY26
• Plans to launch 7-9 additional showrooms

Management Commentary

Mr. Suvankar Sen, Managing Director & CEO of Senco Gold, commented on the company's performance: "Record performance in Oct 25 sales despite the highest ever gold prices indicates a very positive customer sentiment, and we are fully prepared to meet this strong demand for the upcoming wedding season, Q3 and Q4."

He further added that the company is focusing on:

• Launching new designs catering to customer preferences
• Blending timeless craftsmanship with modern and traditional wedding jewelry
• Ensuring operating leverage
• Enhancing EBITDA
• Improving inventory management to boost Return on Capital Employed (ROCE) and Return on Equity (ROE)

The strong October sales, coupled with strategic expansion plans and a focus on operational efficiency, position Senco Gold for continued growth in the Indian jewelry market. Investors and market watchers will likely keep a close eye on the company's performance in the upcoming wedding season and the remainder of FY26.