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News Topical, Digital Desk : Shares of Senco Gold Ltd. rose as much as 12% on Monday (April 6) after the company reported strong earnings for the fourth quarter (Q4) and fiscal year 2026 (FY26).
The company is targeting 20% to 25% value growth over the next fiscal year. Furthermore, Senco Gold is aiming to maintain its profitability (EBITDA) between 7.5% and 7.8%.
What drove the company's revenue growth?
The company's revenue growth was 21% in the previous financial year, which increased to 35% in FY26. Revenue grew 46% year-on-year in Q4FY26, primarily due to the wedding season. During this period, sales at the company's existing stores increased by 34%.
Despite high gold prices and volatile market conditions, Senco Gold stated that gold demand remained strong. The company has managed its inventory to reflect changing consumer preferences, maintaining profitability and margins.
The company will expand its stores.
Sanjay Banka, the company's Chief Financial Officer and Head of Investor Affairs, stated that a significant focus will be placed on store expansion in the first half of FY27. During this period, the company plans to open 20-25 new outlets, with a strong focus on franchise stores.
Senco Gold has also focused on everyday jewelry. Senco Gold has also increased its focus on lightweight and everyday wear jewelry to meet consumer demand at affordable prices. Their 9-carat "Cloud 9" collection has received a good response from customers, helping to maintain demand despite high gold prices. In terms of expansion, the company opened seven new showrooms in
Q4. The company's total network now stands at 201 stores, including 102 company-owned, 85 franchised stores, 12 Sennes stores, and two international outlets (in Dubai). This strong performance and expansion plans have led to a rise in Senco Gold shares, and the company expects to continue to show strong growth in the coming years.
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