Senco Gold | Business Upturn

Senco Gold shares jump over 10% after Q3 revenue grows 51% YoY, network expands to 196 stores

Aman Shukla — Wed, 07 Jan 2026 03:46:16 +0000

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.

Senco Gold shares slip over 3% after Q2 business update

Aman Shukla — Thu, 09 Oct 2025 04:03:59 +0000

Senco Gold Ltd. saw its shares drop over 3% after releasing its Q2 business update, even as the company reported solid growth across key segments. As of 9:32 AM, the shares were trading 3.89% lower at Rs 326.30.

In the second quarter, Senco Gold’s revenue rose by 6.5%, while the first half of the financial year saw total revenue growth of 17.8%. Same-store sales were up 7.5% during this period, and the retail business grew 16% in H1.

Diamond jewellery sales continued to shine, posting 12% growth in Q2 and a 31% value growth for the first half, with volumes up 14%. Silver sales saw an impressive jump of 54% in the same period.

Looking ahead, Senco Gold expects demand to peak in the third quarter, driven by major festivals like Dhanteras and Diwali, as well as the wedding season. The company remains optimistic for the rest of the financial year, projecting overall topline growth of 18-20%.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Senco Gold shares jump 4% as Q1 revenue rises 28% YoY

Aman Shukla — Mon, 07 Jul 2025 03:48:16 +0000

Senco Gold shares rose 4% in Monday morning trade after the jewellery retailer posted an impressive performance for the first quarter of FY26. The company reported a 24% YoY jump in retail revenue, while total revenue climbed nearly 28%, reflecting strong consumer demand and a strategic growth push.

The surge in sales was largely driven by festive shopping during occasions like Akshay Tritiya, Poila Baishakh, Baisakhi, Bihu, and Ramnavmi, which brought heavy footfall across Senco’s showrooms nationwide.

In line with its expansion plans, Senco added nine new stores in Q1, taking its total showroom count to 179. This aggressive network expansion appears to be paying off, with wider reach translating into stronger revenues.

The company also benefited from a sharp uptick in domestic gold prices, which averaged ₹86,900–₹1,01,000 per 10 grams during the quarter. That’s a 32% increase YoY and a 5% rise compared to the previous quarter, further supporting topline growth.

Senco Gold enters strategic tie-up with August Jewellery to expand retail footprint

Aman Shukla — Thu, 24 Apr 2025 15:27:44 +0000

Senco Gold Limited has announced a strategic and marketing partnership with August Jewellery Private Limited (AJPL), known for its omnichannel jewellery brand “Melorra.” This collaboration marks a significant step in expanding Senco Gold’s presence in the high-growth, youth-centric jewellery market.

Under this agreement, Senco Gold will operate as the exclusive Master Franchisee for Melorra. All existing company-owned and operated (COCO) stores of Melorra will now be run by Senco, while franchisee-owned stores (FOFO and FOCO) will become sub-franchisees under Senco’s management. This arrangement allows Senco the exclusive right to open new Melorra stores, strengthening its retail footprint across India.

The tie-up, which remains in effect until September 30, 2025, positions Senco to leverage Melorra’s strong brand appeal among Gen Z and millennial consumers. The partnership is expected to drive incremental sales, particularly in high-margin diamond jewellery, while granting Senco access to over 20 existing Melorra stores.

With no acquisition or related party transaction involved, this collaboration is strategically focused on enhancing customer reach and retail efficiency in the domestic market. By aligning with Melorra’s digital-first and trend-forward approach, Senco Gold is set to reinforce its leadership in the modern jewellery segment and attract a younger, fashion-conscious audience.

Senco Gold shares hit 5% upper circuit as retail sales jump 23% YoY in Q4

Aman Shukla — Wed, 09 Apr 2025 04:20:50 +0000

Senco Gold shares jumped 5% on April 9, hitting the upper circuit after the company released its Q4 and FY25 business update. Despite high gold prices, the jewelry retailer reported robust demand during the wedding season, which resulted in a 23% increase in retail sales and an 18.4% increase in same store sales (SSSG) year over year.

The company posted its highest-ever fourth-quarter revenue, exceeding ₹1,300 crore. The price of gold increased 19% in the previous six months, 11% sequentially, and 33% annually.

For the full financial year, Senco Gold reported a 19.1% growth in revenue. Diamond jewellery sales grew 14.1% YoY. The company highlighted that growth in tier-3 and tier-4 towns surpassed that in metros and tier-2 cities.

Coin and bullion sales remained minimal, contributing less than 4% of total gold sales. For the whole year, the studded jewelry ratio increased somewhat to 10.9% from 10.5% during the first nine months.

During Q4, Senco launched four new showrooms in West Bengal and Uttar Pradesh under franchisee and COCO models. For FY25, a total of 15 new showrooms were added, including six franchisee outlets. The company now operates 175 showrooms, including 72 franchisee stores and one international outlet in Dubai.

Senco Gold shares drop nearly 4% following Q3 business update

Aditya Bhagchandani — Fri, 10 Jan 2025 04:21:30 +0000

Shares of Senco Gold Ltd fell by 3.95% to ₹1,083 in early trade on January 10, following the company’s Q3 FY25 business update. Despite reporting robust revenue growth and expansion plans, the market reacted negatively.

Key Business Highlights:

Revenue Growth:
- Achieved a 22% year-on-year (YoY) revenue growth in Q3 FY25.
- Nine-month (9M) revenue growth stood at 19% YoY, driven by strong retail demand, particularly in Tier 3 and Tier 4 towns.
- October 2024 was a record month, with over ₹1,000 crore in sales and ₹2,000 crore for the quarter.
- Trailing twelve-month (TTM) revenue crossed ₹6,000 crore, indicating an annual growth of 19-20%.
Key Performance Metrics:
- Same Store Sales Growth (SSSG): Remained steady at 13-14% during the quarter.
- Stud Ratio: Maintained at 10.5%, with investments in marketing and inventory build-up targeting northern markets.
- Old Gold Recycling: Contributed 38% to sales, driven by a transition from non-organized to organized channels.
- ASP and ATV: Average selling price (ASP) and average ticket value (ATV) increased by 28% and 14%, respectively, in the 9M period.
Expansion Efforts:
- The showroom network expanded to 170, including 69 franchise outlets.
- Four new showrooms were launched in Q3, including in Dehradun (marking entry into Uttarakhand), Gwalior, Barakar, and Chandaneshwar.
- Plans to open 18-20 new showrooms in FY25, with 10-12 as franchise outlets.
Strategic Initiatives:
- Successfully raised ₹459 crore through a Qualified Institutional Placement (QIP) at ₹1,125 per share.
- Launched a new subsidiary, Sennes, focusing on premium leather accessories, lab-grown diamond jewelry, and perfumes.

Top Stocks In Focus Today: HG Infra, Awfis Space Solutions, Senco Gold, Indian Overseas Bank, BEML, and more

Markets Desk — Wed, 11 Dec 2024 02:15:05 +0000

The Indian stock market wrapped up Tuesday’s trading session with a flat performance. The Sensex ended marginally higher by 1.59 points at 81,510.05, while the Nifty slipped 8.95 points to close at 24,610.05. Among Nifty constituents, 23 stocks advanced while 27 declined. Shriram Finance, Bajaj Finserv, HCL Technologies, Wipro, and Infosys were the top gainers, while Bharti Airtel, Dr. Reddy’s Laboratories, Adani Ports, Adani Enterprises, and HDFC Life were the top losers.

Stocks in News Today:

Tata Consumer/CCL Products: Global coffee prices have surged to a 47-year high, rising 83% year-on-year due to a supply shortage from Brazil.

Indian Overseas Bank: The bank received an order for a refund of ₹1,359.29 crores from the Income Tax Department for the assessment year 2015-16.

NTPC Green Energy: The company secured an order from SECI to set up an energy storage system with a capacity of 250 MW/1000 MWh.

Dr. Morepen: The company has ventured into the wellness segment with a weight management initiative.

L&T Mindtree: The company announced a strategic partnership with GitHub to advance AI-driven software engineering.

HG Infra Engineering: The company received a Letter of Award (LOA) from the Ministry of Road Transport and Highways for a project worth ₹8.99 billion.

Cement Stocks: Cement companies across India are reportedly planning price hikes.

Saakshi Medtech: The company bagged an order worth ₹250 crores from Mahindra & Mahindra for the supply of EV panels.

Asian Granito: The company formed a joint venture, Klyn AGL Ltd., in the UK with Shudh Investments Ltd. and Klyn Stone Ltd.

Asian Paints: LIC increased its stake in the company from 5.001% to 7.010%, purchasing shares at an average price of ₹2,891.25 apiece.

Biocon/Syngene: Biocon sold 8 million equity shares of Syngene International through a block deal.

Senco Gold: The company opened a ₹500 crore QIP with a floor price of ₹1,139.49 per share.

Awfis: Bisque, Link Investment Trust, and Peak XV Partners Investment are set to sell a 12.2% stake in Awfis Space Solutions via block deals.

Ashiana Housing: The company disclosed that a search was conducted by the Directorate General of GST Intelligence.

Adani Ports: The company has withdrawn its request for financing the Colombo West International Terminal project from the U.S. Development Finance Corporation (DFC).

Stay tuned for market movements as these stocks remain in focus today.

Senco Gold issues clarification on market rumours of possible raid

Aditya Bhagchandani — Tue, 29 Oct 2024 07:18:33 +0000

Senco Gold has addressed recent rumours circulating on social media and other platforms about an alleged raid at the company’s or its promoter’s premises. In an official statement, Senco Gold clarified that these claims are speculative and inaccurate, stating categorically that no such event has taken place.

The company emphasized its commitment to transparency and assured stakeholders that any material information requiring disclosure under regulatory guidelines will be promptly shared with stock exchanges.

This clarification aims to reassure investors and maintain trust amidst unverified reports.

Senco Gold stock jumps 3% after company reportes 27% YoY growth in retail sales

Aman Shukla — Wed, 09 Oct 2024 04:24:15 +0000

Senco Gold shares jumped more than 3% in morning trade after the company reported that its quarter two business update retail growth increased by 27% year-on-year, while same-store sales growth improved to 20% year-on-year.

The company attributed its robust performance in Q2 to the consistent increase in gold prices during the quarter, which was driven by central bank buying, Fed rate cuts and geopolitical tensions, all of which contributed to gold’s emergence as a store of value. For the quarter, gold prices jumped 5% sequentially and 31% year on year, while silver prices gained 3% and 30%, respectively.

As of 9:53 am, Senco Gold shares were trading 2.92% higher at Rs 1,398.25 on the NSE.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Senco Gold shares surge 12% this week after ICICI Prudential Life Insurance buys stake worth Rs 62.81 crore

Aman Shukla — Sat, 28 Sep 2024 08:23:20 +0000

Senco Gold shares jumped more than 12% this week after Oman India Joint Investment Fund II offloaded 5.89 lakh shares through block deals on Monday, valued at over ₹75 crore.

The transaction took place on the open market, with ICICI Prudential Life Insurance emerging as a key buyer, acquiring a significant stake in the jewellery retailer.

ICICI Prudential Life Insurance emerged as a major bidder in the open market transaction, purchasing a sizeable share in the jewellery store.

Oman India Joint Investment Fund sold its shares at an average price of ₹1,280.16 per share, resulting in a total transaction value of ₹75.52 crore, according to bulk deal data from BSE. The fund’s stake in Senco Gold dropped from 2.03% to 1.27% as a result of this sale. ICICI Prudential Life Insurance picked up 4.90 lakh shares at an average price of ₹1,280 per share, totalling ₹62.81 crores and a 0.63% stake in the firm.

In the meantime, on Friday, Senco Gold’s stock opened at Rs 1,457.80, demonstrating volatility throughout the trading day. The price reached a day high of Rs 1,500.00 and a day low of Rs 1,425.00.

Senco Gold shares surge 4% after ICICI Prudential Life Insurance buys stake worth Rs 62.81 crore

Aditya Bhagchandani — Tue, 24 Sep 2024 04:15:28 +0000

Senco Gold’s shares saw a 4% jump after Oman India Joint Investment Fund II offloaded 5.89 lakh shares through block deals on Monday, valued at over ₹75 crore. The transaction took place in the open market, where ICICI Prudential Life Insurance emerged as a key buyer, acquiring a significant stake in the jewellery retailer.

According to bulk deal data from BSE, Oman India Joint Investment Fund sold its shares at an average price of ₹1,280.16 per share, which resulted in a total transaction value of ₹75.52 crore. Following this sale, the fund’s stake in Senco Gold decreased from 2.03% to 1.27%. At the same time, ICICI Prudential Life Insurance picked up 4.90 lakh shares at an average price of ₹1,280 per share, amounting to ₹62.81 crore, securing a 0.63% stake in the company.

Oman India Joint Investment Fund II is part of Oman India Joint Investment Fund Management Company (OIJIF-MC), a private equity fund focusing on mid-market sectors in India. OIJIF-MC is backed by the Oman Investment Authority (OIA), which is the sovereign wealth fund of Oman, and the State Bank of India.

The details of other potential buyers in the block deal were not disclosed. As of 9:39 AM, Senco Gold’s shares were trading 3.43% higher at ₹1,378.00 on the NSE, reflecting positive market sentiment following the transaction.

Senco Gold, Kalyan Jewellers shares jump 3% ahead of festive season

Aman Shukla — Mon, 02 Sep 2024 05:15:37 +0000

Ahead of the festive season, Senco Gold and Kalyan Jewellers shares jumped 3% today on September 2.

Senco Gold shares

Senco Gold stock is now trading at ₹1,122.00, up 3.02% as of 10:39 AM. The stock opened at ₹1,089.05 and reached a high of ₹1,130.95, while the low for the day was ₹1,088.10.

kalyan jewellers shares

kalyan jewellers shares are now trading at ₹640.00, up 3.99% as of 10:39 AM. The stock opened at ₹617.45 and reached a high of ₹640.90, while the low for the day was ₹616.00.

The upward trend in these stock prices comes amid strong trading activity and investor interest. The current increase in stock price reflects a positive outlook, implying that the market is optimistic about its goals.