Senco Gold Reports Robust Q1 FY27 Performance; Revenue Growth Reaches 60%

Senco Gold Reports Robust Q1 FY27 Performance; Revenue Growth Reaches 60%​

Senco Gold Limited has reported robust growth across its business in the first quarter of fiscal year 2027 (Q1 FY27), driven by strong performance in revenue and sales across various segments, according to the company's business update.

The Q1 FY27 results show significant expansion, with total revenue demonstrating a 60% growth Year-on-Year (YoY) and a 53% growth Quarter-on-Quarter (QoQ). Same-Store Sales Growth (SSSG) was reported at 38% YoY and 34% QoQ.

The key operating metrics for Senco Gold Limited during Q1 FY27 are detailed below:

Performance and Commentary Highlights​

Revenue and Gold Dynamics
The company observed that gold prices remained elevated on a YoY basis but declined QoQ, attributed to geopolitical situations. The pricing environment was impacted by the customs duty increase from 6% to 15%. While the benefit of this custom duty rise is anticipated to accrue over Q1 and Q2, the margin in Q1 was pressured due to heavy discounting of gold prices.

Diamond Jewellery and Sales Growth
Robust revenue and SSSG growth were supported by a favourable festive calendar during the quarter, including Akshaya Tritiya, Poila Baisakh, Baishaki, Bihu, and the commencement of the summer wedding season. TTM sales reached approximately Rs 9,660 Cr.

Growth in diamond jewellery was attributed to volume expansion, mix enrichment, the introduction of new design launches, and success in offering lower-priced products below the Rs 50,000 range in the everlite segment.

Old Gold Exchange and Expansion
The old gold exchange contributed approximately 43% of total sales quantity in Q1 FY27. The company launched an attractive '0% deduction' campaign targeting customers.

Operationally, Senco Gold Limited opened 8 new showrooms in Q1 FY27, comprising 3 COCO stores, 4 Franchise outlets, and 1 Sennes store. Following this expansion and the closure of one store, the total network size stood at 208 showrooms. The company plans to open 12 to 15 more showrooms over the next three quarters, focusing on franchise establishments.

Future Outlook​

For Q2 FY27, the outlook is expected to be seasonally softer. Consumer demand during this period will be driven by the monsoon season and festivals related to gold booking for Q3. The company’s focus moving forward includes inventory optimization, developing lightweight and 9K collections, and ensuring margin protection across its segments.

SENCO Stock Price Movement​

Senco Gold Limited shares settled down by 1.45% today, concluding the trading session at ₹326.05. The stock saw significant intraday volatility, moving between a low of ₹324.45 and a high of ₹339.6.