Senco Gold reported a 51% growth in Q3 its standalone revenue over the year ago period against 6.5% in Q2 and 28% in Q1, due to targeted festive campaigns, new design launches and intensive customer engagement during Dhanteras & Diwali, wedding buying and shift of demand from Q2 into the festive season.
The strong performance resulted in topline growth of 31% in the first nine months. Besides, its Trailing Twelve Months revenue crossed ₹8,000 crore-mark, led by loyal customer base and brand positioning.
Senco Gold’s retail business grew by 49% in Q3, while same stores sales growth was 39% growth. Diamond jewellery sales rose by 36% in Q3 and 34% in nine months.
During the quarter, Senco Gold launched four new franchise showrooms, taking the total showroom network to 196 (inclusive of eight Sennes and t5wo international showrooms).
Gold Prices
The company posted 23% QoQ growth in Q3 and 65% YoY (on average), due to spiralling gold prices led by global demand and investment-led demand for ETFs. Even then the volume remained mute, it said.
Gold prices in Q3 touched a new high of ₹1,40,000/10gm, against ₹1,17,000 in Q2 and ₹79,800 in Q3 of FY25.
Q4 and FY26 Outlook
Senco Gold is prepared for the upcoming Q4 wedding season, Valentine’s Day and International Women’s Day, and other local festivals. It is targeting 18-20% growth in the studded category through curated collections.
The company said it was on course to achieve its annual target of 20 new showroom openings for FY26 and was expected to launch another 3 to 4 showrooms under the COCO and FOCO models to achieve the milestone of 200 showrooms.
Based on the strong performance, Senco Gold is confident of achieving over 25% YoY growth in FY26, riding on 31% YoY growth achieved in the first nine months.