What was Senco Gold's revenue in Q3 FY26?

Senco Gold reported revenue of ₹3,071 Cr in Q3 FY26, a +50% change year-over-year.

Did Senco Gold management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Senco Gold Q3 FY26 Research Workspace: Revenue ₹3,071 Cr (+50%)

Q: What guidance did Senco Gold management give?

Q4 FY26 revenue growth of 25-30% YoY: Management guided for 25-30% revenue growth in Q4, conservatively, despite gold price volatility and seasonal factors like Holi.

Revenue ₹3,071 Cr +50%

EBITDA ₹400 Cr +46%

PAT ₹264 Cr +689%

EBITDA Margin 13% +210bps

Duration 68 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Senco Gold delivered a historic Q3 FY26 with revenue of ₹3,000 Cr (+50% YoY), EBITDA of ₹400 Cr (13.2% margin, +210bps YoY), and PAT of ₹264 Cr (+689% YoY). The stellar performance was driven by strong festive and wedding demand, a shift to lightweight and diamond studded jewelry (studded value +38% YoY), and operating leverage from higher own-store sales (65% of revenue). Management guided for Q4 revenue growth of 25-30% YoY and a sustainable EBITDA margin of 7.5-7.8% for FY27, with near-term margins benefiting from elevated gold prices. Key risks include gold price volatility impacting volume growth (gold volume -10% in 9M) and working capital strain from high inventory levels (₹4,602 Cr).

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Research workspace

Focused Modules

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Risk Intelligence

Gold price volatility impacting volume

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Quarter Snapshot

Same Store Sales Growth (SSG) 21%

+21pp YoY

SSG contributed ~70% of total growth in Q3; old stores (156) drove 21% growth.

Diamond Studded Value Growth 38%

+38% YoY

Diamond studded jewelry value grew 38% YoY, with volume up 10%, aiding margin expansion.

Gold Volume Growth (9M) -10%

-10pp YoY

Gold volume declined 10% in 9M FY26 due to high prices; diamond volume grew 12.5%.

Store Count 196

+20 stores YoY

Total stores reached 196; target of 200+ by Q4 FY26 and 18-20 new stores in FY27.

Fast read

Guidance and risk preview

Top guidance Q4 FY26 revenue growth of 25-30% YoY

Management guided for 25-30% revenue growth in Q4, conservatively, despite gold price volatility and seasonal factors like Holi.

Top risk Gold price volatility impacting volume

Gold volume declined 10% in 9M FY26; further price spikes could compress consumer budgets and reduce footfalls, pressuring revenue growth.