Senco Gold shares rally 14% on robust Q3 business update; stock still 41% under 52-week high

The company achieved a 51% year-on-year (YoY) growth in Q3 FY26 in the backdrop of 6.5% growth in Q2 and 28% in Q1, thus achieving ~31% growth during the first 9 months. “Our trailing twelve months (TTM) revenue has already reached ~₹8,000 crore, reflecting consistent YoY growth, a loyal customer base and brand positioning,” Senco Gold said in a regulatory filing.

The Q3 YoY growth includes retail business growth of ~49% and same-store sales growth (SSSG) of ~39%. The nine-month topline growth of 31% includes SSSG of ~21% growth. Diamond jewellery sales continued to maintain strong growth momentum in Q3, with ~36% YoY growth and 9-month growth of ~34%.

Senco Gold said the improvement was driven by targeted festive campaigns, new design launches and intensive customer engagement during Dhanteras and Diwali, along with strong wedding-related buying and a shift in demand from the second quarter to the festive season.

The jewellery firm has launched four new franchise showrooms, taking the total showroom network to 196 (inclusive of 8 Sennes and 2 international showrooms). During the nine-month period, the firm has launched 11 franchises and five company-owned stores.

“Gold prices continued to rise even in Q3 FY26 with ~23% QoQ growth and ~65% YoY (on average), leading to major demand from global central banks and investment-led demand for ETFs, but a muted volume rise,” Senco Gold added. The gold price range in Q3 FY26 peaked at the highest ever level of ₹140,000/10 gm, as against ₹117,000 in Q2 FY26 and ₹79,800 in Q3 FY25.

Q4 and FY26 outlook

Senco Gold said it has successfully navigated the peak festive demand in Q3 and continues to optimise its inventory by shifting towards a more lightweight and budget-friendly product mix amid rising gold prices.

The company added that it is well prepared for the Q4 wedding season, as well as occasions such as Valentine’s Day, International Women’s Day and other local festivals, and is targeting 18–20% growth in the studded jewellery category through curated collections.

“We are firmly on course to achieve our annual target of 20 new showroom openings for FY26. We expect to launch another 3 to 4 showrooms under the COCO and FOCO models to achieve the milestone of 200 showrooms and have a robust pipeline for H1 next year,” the firm said.

The company said it remains confident of delivering over 25% YoY growth in FY26, supported by a 31% YoY growth achieved in the first nine months of the year so far.

Senco Gold share price

At 11:12 AM, shares of Senco Gold were trading at ₹359.35 apiece on the National Stock Exchange, surging 10.9%. Despite its rally, the stock is trading 41% lower than its 52-week high price of ₹582.25 per share touched on January 8, 2025.

In a month, shares of the firm have gained 15%, while for six months’ time, they have fallen 1.2%. On a year-on-year basis, Senco Gold shares have slumped 38%.

The jewellery company has a market capitalisation of ₹5,881.58 crore.