Shares of Senco Gold moved over 10% higher after the company reported a sharp increase in standalone revenue for the third quarter of FY26, supported by festive demand, higher same-store sales, and continued showroom expansion.
The company reported year-on-year revenue growth of 51% in Q3 FY26, compared with 6.5% growth in Q2 and 28% growth in Q1. For the first nine months of FY26, revenue growth stood at approximately 31%. On a trailing twelve-month basis, revenue has reached around ₹8,000 crore. According to the company, Q3 growth was driven by retail business growth of about 49% and same-store sales growth of around 39%. Over the nine-month period, same-store sales growth was approximately 21%.
Management stated that Q3 performance benefited from festive-led demand during Dhanteras and Diwali, wedding-related purchases, new design launches, and higher customer engagement. The company also indicated that some demand from Q2 shifted into the festive-heavy third quarter. Diamond jewellery sales reported year-on-year growth of around 36% in Q3, with approximately 34% growth over the nine-month period.
During Q3, Senco Gold opened four new franchise showrooms, taking its total showroom count to 196, including eight Sennes-format stores and two international showrooms. Over the first nine months of FY26, the company launched 11 franchise stores and five company-owned outlets. The new Q3 franchise locations were opened in Hazaribagh (Jharkhand), Etawah (Uttar Pradesh), Burdwan (West Bengal), and Bikaner (Rajasthan). The company noted that recent store additions in Bikaner and Nagpur indicate franchise expansion beyond eastern India.
The quarter was marked by elevated gold prices. Average gold prices increased by about 23% quarter-on-quarter and around 65% year-on-year in Q3 FY26. Prices reached a peak of approximately ₹1,40,000 per 10 grams during the quarter, compared with ₹1,17,000 in Q2 FY26 and ₹79,800 in Q3 FY25. The company cited demand from central banks and investment-related buying, including ETFs, while noting that volume growth remained muted due to higher prices.
For Q4 and the remainder of FY26, Senco Gold stated that it is adjusting its inventory mix toward lighter-weight and more affordable products in response to elevated gold prices. The company said it is prepared for the Q4 wedding season and upcoming occasions such as Valentine’s Day, International Women’s Day, and regional festivals. It is also targeting growth in the studded jewellery segment, with an indicated growth range of 18%–20%.
On the expansion front, the company reiterated that it is on track to meet its FY26 target of opening 20 new showrooms. It plans to add three to four more stores under the COCO and FOCO models, which would take the network close to 200 showrooms. Based on performance in the first nine months, the company stated that it is targeting 25%+ year-on-year growth for FY26.
