Company Overview
Senco Gold Limited reported exceptional financial performance for FY 2025-26 with revenue from operations growing 33% to ₹84,300.3 million and profit after tax surging 261% to ₹5,743.2 million. The company achieved significant operational milestones including expansion to 201 showrooms (189 Senco + 12 Sennes), entry into new markets of Rajasthan and Maharashtra, and 24% same store sales growth.
Financial Performance
Revenue & Profitability: Revenue reached ₹84,300.3 million (33% YoY growth) with EBITDA of ₹9,690.1 million (164% growth) and EBITDA margin improvement to 11.5% (570 bps). PAT margin expanded to 6.8% (430 bps improvement) with EPS of ₹35.08 (248% growth).
Balance Sheet Strength: Total assets stood at ₹69,116.5 million with inventory of ₹52,960.9 million (61% increase due to gold price surge and expansion). Borrowings totaled ₹23,452.6 million including Gold Metal Loans of ₹7,762 million. Debt-equity ratio remained stable at 0.9x.
Subsidiary Performance: Senco Gold Artisanship Pvt Ltd reported revenue of ₹792.02 million (48% growth) with PAT turnaround to ₹47.42 million. Senco Global Jewellery Trading LLC achieved revenue of ₹2,953.32 million (47% growth) with PAT of ₹6.67 million. Sennes Fashion Ltd is in scaling phase with revenue of ₹849.43 million.
Operational Highlights
Expansion & Growth: Added 26 net new showrooms in FY26 with average transaction value increasing 30% to ₹95,100. Old gold exchange contributed 44% to total revenue (50% in Q4). Stud ratio improved to 11.0% from 10.9% in FY25.
Digital Initiatives: Launched AI-powered 'Shape of You' styling tool for personalized jewelry recommendations. E-commerce sales grew 119% YoY with 32,700+ orders fulfilled. Maintained ISO 27001:2022 and PCI DSS certifications with zero data breaches.
Credit Ratings: Received upgrades from CARE Ratings (CARE A+ Stable from CARE A1) and ICRA Ratings ([ICRA]A+ Stable from [ICRA]A Stable).
Corporate Governance & Compliance
AGM Details: 32nd Annual General Meeting scheduled for August 31, 2026, to approve financial statements, declare final dividend of ₹1.00 per share, and re-appoint Mrs. Ranjana Sen as director.
Regulatory Compliance: Full compliance with SEBI Listing Regulations, Companies Act 2013, and secretarial standards. Zero consumer complaints received across all categories including data privacy, advertising, and cybersecurity.
CSR Initiatives: Expenditure of ₹46.64 million (2% of average net profit) focused on education, skill development, clean cooking, and mangrove conservation through PC Sen Charitable Trust.
Risk Management & Audit
Key Audit Matter: Inventory valuation of ₹51,617.8 million required complex assessment including physical verification, purity testing, and gemologist certification for diamond categorization.
Contingent Liabilities: ₹247.5 million in disputed demands (income tax ₹106.4 million, central excise ₹105.5 million) with capital commitments of ₹193.3 million.
Related Party Transactions: Transactions with KMP and relatives totaled ₹155.8 million with dividends paid to promoters/controlling entities of ₹118.8 million.
Forward Outlook
FY27 Guidance: Targeting 20%+ revenue growth with EBITDA margin of 7.5-7.8% and PAT margin of 4-4.5%. Plans include 18-20 new showrooms with focus on franchisee model, inventory productivity improvement, and increasing Gold Metal Loan proportion.
Digital Transformation: Continuing AI implementation for location performance intelligence, auto stock shuffling, and customer engagement while strengthening data protection framework for DPDP compliance.