Kolkata: Senco Gold Limited, one of India’s leading jewellery manufacturers and retailers with an 85-year legacy, has announced its consolidated financial results for the quarter and half-year ended 30 September 2025.
The company, which operates a robust network of 192 showrooms across 17 states and UTs, reported strong growth across key operational and financial metrics, despite high gold prices and seasonal disruptions.
Highest-Ever Dhanteras Sales; Strong Expansion Momentum
Senco reported its highest-ever Dhanteras month sales, crossing ₹1,700 crore, marking 56% year-on-year growth and 25% YTD growth as of October 2025. The company also expanded aggressively, launching 6 new showrooms in Q2 and 16 in H1, further strengthening its national footprint.
Robust Financial Performance in Q2 & H1 FY26
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Revenue Growth:
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Q2 YoY: 2%
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H1 YoY: 16%
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SSSG (H1): 13%
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Standalone Growth: 6% YoY in Q2; 17.6% in H1 FY26
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Profitability:
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Adjusted EBITDA: Up 30% YoY in Q2, and 52% in H1
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EBIT: Up 115% YoY in Q2 and 90% in H1
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Adjusted PAT:
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Q2: ₹48.8 crore, up 43% YoY
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H1: ₹153.4 crore, up 80% YoY
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Management Commentary
Speaking on the performance, Suvankar Sen, Managing Director & CEO, Senco Gold Ltd, said:
“We are pleased to have delivered strong results despite gold prices touching ₹11,650/gm in September 2025 and disruptions caused by the Shraddh period, floods, and macro uncertainties. Our consolidated revenue grew 16% YoY to ₹3,362.3 crore. ASP and ATV rose in line with gold prices, and H1 SSSG stood at 7.5%. Diamond jewellery demand surged 31%, raising our stud ratio to 12%.
He added that Senco recorded a historic Dhanteras and Diwali season, achieving over ₹1,700 crore in monthly retail sales, the highest in its history.
“We aim to launch 6–8 more showrooms in FY26 and remain focused on inventory optimization, stock efficiency, and innovative lightweight designs to enhance ROE and ROCE,” Sen said.
Elaborating on the financials, Sanjay Banka, Group CFO & Head IR, said:
“H1 adjusted EBITDA grew 52% YoY to ₹290.1 crore, and PAT rose 80% to ₹153.4 crore. Our EBITDA margin expanded 310 bps to 8.6%. Inventory at ₹4,309.2 crore reflects gold price increases and festive-season stocking. Despite higher inventory, our balance sheet remains strong with net debt at ₹1,578.4 crore and a debt-to-equity ratio of 0.75.”
He added that strong festive sales have positioned Senco for a robust H2, with improved GML availability and a clear focus on liquidity management, operational efficiency, and return ratios.
About Senco Gold & Diamonds
Senco Gold & Diamonds is one of India’s largest jewellery retail chains, with 192 showrooms, including outlets in India and Dubai. The brand offers more than 2,00,000 gold designs and 1,11,000 diamond designs, crafted by skilled artisans. Recognized for trust, craftsmanship, and customer service, Senco maintains the largest organized jewellery retail presence in Eastern India.
