Senco Gold Glitters in Q1 FY26 with 23% Revenue Surge, Tier-3 Towns Shine Bright

Image Source: The Economic Times

Senco Gold Ltd has kicked off FY26 on a high note, reporting a 23.4% quarteronquarter revenue growth in Q1, driven by robust wedding season demand, expanding retail footprint, and strong traction in nonmetro markets. The company’s total income stood at ₹1,403.89 crore, with net profit at ₹51.27 crore, despite rising gold prices and inflationary pressures.

Topline Momentum:

Q1 revenue rose 23.4% QoQ, reflecting strong consumer sentiment and festive demand
Operating profit came in at ₹90.67 crore, with an operating margin of 6.46%

Retail Expansion:

Added four new showrooms in West Bengal and Uttar Pradesh during the quarter
Total store count now at 175, including 72 franchisee outlets and one in Dubai

Geographic Growth:

Tier3 and Tier4 towns outpaced metros in revenue contribution
Samestore sales growth (SSSG) rose 18.4% YoY, showcasing brand stickiness

Product Mix Trends:

Studded jewellery ratio improved to 10.9%, up from 10.5% in 9MFY25
Coin and bullion sales remained under 4% of total gold sold

Market Resilience:

Gold prices surged 33% YoY, yet demand remained resilient
Senco’s brand equity and pricing strategy helped offset volatility

With a strong start to FY26 and deepening presence in India’s heartland, Senco Gold is wellpositioned to ride the next wave of jewellery retail growth.

Source: JewelBuzz, Livemint, Moneycontrol