Senco Gold shares hit 5% upper circuit, Kalyan Jewellers trades 1% higher on Q1 updates; check details

The company said that FY26 began on a strong footing, with Q1 delivering robust growth momentum driven by a favourable festive calendar.

Akshay Tritiya and key regional festivals such as Poila Baishakh (West Bengal), Baisakhi (Punjab), and Bihu (Assam) and Ramnavmi served as strong consumption levers fuelling footfall, resulting in ~ 28% total revenue growth, 24% year-on-year (YoY) retail revenue growth, and 19% same-store sales growth (SSSG—at the secondary sales level) for Senco.

“We achieved invoice growth of 10% and SKU sold growth of 10%, reflecting both higher value purchases and effective customer engagement strategies across our retail network,” Senco Gold said in a regulatory statement.

Last seen, the stock was trading at ₹367.35 apiece, jumping 5% on the National Stock Exchange (NSE).

During the quarter, the jewellery firm expanded its showrooms by launching 9 new ones, taking its jewellery store portfolio to 179.

In Q1 FY26, the domestic gold price surged to ₹86,900–₹101,000 per 10 grams. “While such elevated pricing typically creates short-term pressure on jewellery consumption volumes, consumer behaviour remained resilient in value terms. From Senco’s vantage point as a leading jewellery retailer, we observed a modest softness in volume growth, particularly in the mass and bridal segments,” the firm further said.

Senco Gold further said that price volatility in gold and upcoming festivals like Raksha Bandhan and Onam will shape consumer demand in Q2. “We see growing consumer demand for 14K and 18K jewellery, while the industry is working towards 9K jewellery,” it added.

“Our India operations witnessed revenue growth of approximately 31% during Q1 FY2026 as compared to Q1 FY2025, driven primarily by robust Akshaya Tritiya and wedding demand. The quarter recorded healthy same-store-sales growth of approximately 18%,” Kalyan Jewellers said in a regulatory note on Monday.

Its international operations recorded revenue growth of approximately 31% when compared to the same period during the previous financial year. During the recently concluded quarter, the company had launched 10 showrooms in India, 1 in the US, and 8 Candere showrooms in India.

“The ongoing quarter has started off well, and we are upbeat about the upcoming new showroom launches, gearing up with fresh collections and campaigns for the upcoming festive and wedding season across the country,” Kalyan Jewellers further said in a statement.

Shares of the company have surged 1.2% to an intraday high of ₹592.95 apiece on NSE after the Q1 update. Last seen, the stock was trading at ₹588.95 per share, rising 0.56%.