Senco Gold reports robust Q2, H1 FY26 performance amid high gold prices

Senco Gold Limited reported a robust 16% year-on-year (YoY) increase in consolidated revenue to INR 3,362.3 Cr for Q2 FY26, with H1 FY26 revenue growth of 17.6% YoY. This performance was achieved amidst record-high gold prices of INR 11,650/gm in September 2025. Consolidated adjusted EBITDA grew 52% YoY to INR 290.1 Cr, and PAT surged 80% YoY to INR 153.4 Cr for H1 FY26. The H1 EBITDA margin expanded by 310 basis points to 8.6%, supported by an improved product mix and a 12% stud ratio, reflecting strong diamond jewellery demand.

The company's retail footprint expanded to 192 showrooms by the end of Q2 FY26. Same-Store Sales Growth (SSSG) reached 7.5% for H1 FY26, with total retail value growth of 25% for the first seven months, including 19% SSSG. Inventory levels increased to INR 4,309.2 Cr, primarily due to rising gold prices and stocking for the Dhanteras and wedding seasons. Net debt stood at INR 1,578.4 Cr, with a debt-to-equity ratio of 0.75 (including Gold Metal Loan).

Senco Gold projects an 18-20% topline growth for the remainder of FY26 and plans to launch 6-8 new showrooms. The company also reported record-breaking retail sales exceeding INR 1,700+ Cr during the Dhanteras and Diwali period in October 2025.