Senco Gold sales soar amid festive demand

Senco Gold has reported a strong start to fiscal year 2026, with total revenue up approximately 28% year-over-year in Q1 driven by robust festive demand including Akshay Tritiya and regional festivals. Retail revenue grew 24%, and same-store sales increased 19%. Diamond jewellery sales continued to perform well, with volume growth of 35%. The company also continued its expansion strategy, launching 9 new showrooms, bringing the total to 179. The domestic gold price surged, reaching between INR86,900 and INR1,01,000 per 10 grams, increasing approximately 32% year-over-year. Senco Gold launched approximately 6100 new gold and 5300 diamond jewellery designs during the quarter. For the remainder of the year, the company expects to launch an additional 11 showrooms.