Senco Gold’s First-Half Revenue Grows 48% to More Than 5,000 Crore Rupees
Key Facts
Senco Gold reported total revenue growth of 31% in the second quarter of fiscal 2027 and 48% in the first half, on a standalone basis, with first-half revenue exceeding 5,000 crore rupees. The business update, dated October 7, 2026, covered the period ended September 30, according to a company disclosure. Retail revenue grew 29% year over year in the quarter and 40% in the first half, according to the standalone performance summary. Same-store sales also rose 19% in the quarter and 30% in the first half. The company said sales for the twelve months ended reached 10,000 crore rupees, putting its operating expansion in the context of sales growth across different periods.
An increase in store count supported business growth: the company opened 6 showrooms in the second quarter and added 14 in the first half, taking its total network to 215 showrooms as of September 30, 2026. The company said it expects to open 10 to 12 more showrooms in the second half of the fiscal year. This means geographic expansion will remain part of its operating plan for the rest of the year, according to the stated outlook. In digital sales, e-commerce and digital-channel sales rose 53% year over year in the second quarter. The company said sales of coins and bullion remained below 7% of total sales.
The company attributed its quarterly performance to a favorable festival calendar and uneven monsoon rainfall, alongside a difference in the timing of the Pitru Paksha period from the previous year. Four days of the period fell in the current second quarter, compared with 15 days in the corresponding quarter of the previous fiscal year, according to the disclosure. The company said consumer demand remained strong, supported by demand for jewellery and the festival season, as well as a growing preference for lightweight jewellery. It said this demand held despite gold-price volatility during the quarter, within a range of between 140,000 and 150,000 rupees per 10 grams. The difference in the number of Pitru Paksha days between the two periods provides timing context for the year-over-year comparison reported by the company.
By product category, diamond jewellery revenue rose 31% year over year in the second quarter, while volume increased 7%, according to company data. The figures also showed that sales growth extended beyond one category: retail revenue grew 29% in the quarter, while same-store sales rose 19%. The company said total revenue, including corporate activities, e-commerce, exports and others, grew 31% in the quarter. For the first half, total revenue growth was 48% and retail growth was 40%, while same-store sales increased 30%. This breakdown reflects the standalone operating figures published in the business update.
The company had said the wedding and festival seasons could support demand in the third quarter, with events including Dhanteras, Diwali and Durga Puja. It cited an estimate of about 1.35 crore weddings in calendar year 2026. The company also scheduled its second-quarter results call for November 16, 2026, at 11:00 a.m. India time. In the market, the stock opened the October 8 session up about 8% at 346.05 rupees, then was up about 5.5% at 338.40 rupees at around 9:20 a.m., according to Business Standard. Investors traded about two million shares in the first five minutes, worth about 79.85 crore rupees, the same source reported.