Senco Gold shares rallied as much as 14% to their day's high of ₹369.00 on Wednesday, January 7, as investors cheered the company's robust Q3 business update and strong guidance for the fourth quarter of FY26. The stock surge reflects strong investor confidence in the company's growth trajectory and strategic positioning in the jewellery retail sector.

Exceptional Q3 Performance and Revenue Milestone

The company delivered outstanding quarterly results with 51% year-on-year growth in Q3, significantly outpacing earlier quarterly performance of 28% in Q1 and 6.50% in Q2. This strong momentum contributed to an impressive 31% growth during the first nine months of FY26. The company achieved a significant milestone with trailing twelve months revenue reaching ₹8,000 crores, reflecting consistent annual growth, loyal customer base and strong brand positioning.

Diamond Jewellery Growth and Market Navigation

Diamond jewellery sales maintained strong momentum with 36% growth in Q3 and 34% growth over nine months. The growth was driven by targeted festive campaigns, new design launches, and intensive customer engagement during Dhanteras, Diwali, wedding buying and shift of demand from Q2 to the festive season. The company successfully navigated rising gold prices by optimizing inventory towards lightweight and budget-friendly product range.

Strategic Q4 Positioning and Growth Outlook

Senco Gold expressed strong confidence for Q4, stating they are well-prepared for the upcoming wedding season, Valentine's Day, International Women's Day, and other local festivals. The company is targeting growth in the studded category through curated collections with 18%-20% growth expectations. The management remains on track to achieve its annual target of 20 new showroom openings for FY26.

FY26 Outlook and Management Confidence

The company expressed strong confidence in achieving over 25% growth for FY26, building on the robust 31% nine-month performance. This optimistic outlook is supported by successful navigation of peak festive demand in Q3 and strategic positioning for upcoming seasonal opportunities. The management's confidence reflects the company's ability to adapt to market conditions while maintaining strong growth momentum in the competitive jewellery retail sector.

Senco Gold shares experienced a significant rally, surging 14% to reach ₹368.40 following the company's strong business update for the third quarter and nine months of FY26. The jewellery retailer's impressive performance reflects robust revenue growth, successful showroom expansion, and strong market positioning during the festive season.

Stock Performance and Trading Activity

The shares of Senco Gold rose as much as 14% to ₹368.40 apiece, marking a three-month high amid strong investor interest. At 10.29 am, the stock traded with 11% gains at ₹360.30 against the previous close of ₹323.35. This strong performance contrasts with broader market trends, demonstrating the company's operational strength.

Strong Q3 FY26 Financial Performance

Senco Gold delivered exceptional financial results in Q3 FY26, posting standalone revenue growth of 51% year-on-year, a significant acceleration from 6.50% growth in Q2 and 28% in Q1. This strong performance resulted in overall topline growth of approximately 31% in the first nine months of FY26. The company's trailing twelve-month revenue has reached around ₹8,000 crore, supported by consistent growth, loyal customer base, and strong brand positioning.

Business Segment Performance

The company attributed its strong performance to targeted festive campaigns, new design launches, and higher customer engagement during Dhanteras, Diwali, and the wedding season. Retail business growth in Q3 stood at around 49% year-on-year, while same-store sales growth reached close to 39%. Diamond jewellery continued showing healthy momentum, with sales rising around 36% year-on-year in Q3 and about 34% over the nine-month period.

Expansion Strategy and Network Growth

On the expansion front, Senco Gold launched four new franchise showrooms in Q3, taking its total showroom network to 196, including eight Sennes and two international showrooms. The new franchise showrooms were opened across Hazaribagh in Jharkhand, Etawah in Uttar Pradesh, Burdwan in West Bengal, and Bikaner in Rajasthan. The company remains on track to achieve its annual target of 20 new showroom openings in FY26 and expects to add another three to four showrooms under the COCO and FOCO models.

Market Outlook and Growth Targets

The company flagged continued volatility in gold prices during the quarter, with gold prices rising around 23% quarter-on-quarter and about 65% year-on-year on average. Gold prices in Q3 FY26 touched a peak of ₹1,40,000 per 10 grams, compared with ₹1,17,000 in Q2 FY26 and ₹79,800 in Q3 FY25. Despite price volatility, the company remains well-prepared for Q4 wedding season, Valentine's Day, International Women's Day, and other local festivals. Based on performance so far, Senco Gold eyes delivering over 25% year-on-year growth in FY26, riding on the 31% growth achieved in the first nine months.