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.

Senco Gold has expressed confidence that its revenue growth goals will be easily met, according to recent reports. The jewelry retailer appears optimistic about its ability to achieve its financial targets.

Company Outlook

The company's management has indicated a positive stance regarding their revenue projections, though specific details about the growth targets, timeframes, or underlying factors supporting this confidence were not disclosed in the available information.

Limited Information Available

While the company has expressed optimism about meeting its revenue goals, comprehensive financial data, specific growth percentages, or detailed strategic plans were not provided to support this assessment.