Senco Gold & Diamonds announced a quarter of historical success for Q3 FY26, reporting revenue crossing ₹3,000 Crore, EBITDA of ₹400 Crore, and PAT of ₹264 Crore. The performance reflects strong festive demand and successful strategic pivots towards lightweight jewelry and expanding national reach. Same Store Sales Growth (SSSG) remained robust at 21% YTD, while non-East revenue surpassed ₹1,100 Crore.
Q3 FY26: A Quarter of Historical Success
Senco Gold Limited announced a landmark quarter, crossing significant financial milestones. For the quarter ended December 31, 2025, the company recorded revenue of ₹3,071 Crore (a 50% YoY growth) and achieved an Adjusted EBITDA of ₹404 Crore, resulting in an expanded margin of 13.2%. Profit After Tax (PAT) for the quarter reached ₹264 Crore, marking a 4.9x YoY growth.
Nine-Month Performance Highlights
For the nine months ended December 31, 2025, the company reported total revenue of ₹6,433 Crore, reflecting a 30% YoY growth. Adjusted EBITDA for the 9M period grew 2.3x YoY to ₹694 Crore, and Adjusted PAT surged to ₹417 Crore, achieving a 3x YoY growth. PAT margins improved significantly to 8.5% in Q3.
Operational and Retail Expansion Milestones
The company highlighted operational resilience despite gold prices rising 63% YoY. Strategic initiatives proved effective, with Old Gold contributing approximately 45% of total revenue. The ‘Hyper-local’ strategy yielded robust growth, evidenced by 21% SSSG at YTD. The national footprint expanded, with non-East revenue crossing the ₹1,100 Crore mark. The partnership model continues to scale, contributing 33% of revenue via franchises. The showroom count reached 196 by the end of Q3 FY26, with plans to reach 200 showrooms soon. The company also noted impressive growth in digital sales, showing a 95% YoY growth as of FY25.
Key Financial Ratios and Outlook
Standalone performance for Q3 FY26 showed Revenue from Operations at ₹30,322.9 Million, with Gross Margin rising 189% YoY to ₹6,037.2 Million. Consolidated metrics for 9MFY26 reflect a 30% YoY revenue growth in the period. The company maintained a strong Average Ticket Value (ATV) of ₹93,000 and Average Sales Price (ASP) of ₹60,270. Inventory days remained stable at 166-168 days. The management reiterated confidence in achieving 25%+ YoY topline growth in Q4 FY26 and maintaining an EBITDA guidance of 7.5% to 7.8% for FY27.
Company Highlights and Strategy
Senco boasts an 85+ year legacy and is recognized as India’s 2nd Most Trusted Jewellery Brand. Core operational strategies focus on passionate growth across India, elevating the hyperlocal presence, enhancing customer centricity, and driving technology adoption. The asset-light franchise model, particularly the FOFO approach, remains central to efficient market expansion, particularly in Tier 3 and Tier 4 towns.
Commitment to ESG
The ESG framework emphasizes Sustainable Sourcing, including sourcing approximately 36% recycled gold. Resource efficiency efforts include an 80% reduction in single-use plastic bottles and digitization efforts saving significant paper. Governance is supported by a robust framework, including a Board with strong oversight and a commitment to ethical business conduct.
Source: BSE
