Senco Gold Share Price

Conference Call with Senco Gold Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.

• Trendlyne
• 5 days 17 hours ago

Gems & Jewellery company Senco Gold announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from Operations: In Q4FY26, the consolidated revenue from operations stood at Rs 19,966.59 million, registering a decline of 34.98% QoQ compared to Rs 30,709.80 million in Q3FY26, but an increase of 44.93% YoY against Rs 13,777.12 million in Q4FY25. For the full year FY26, revenue from operations was Rs 84,300.30 million, up by 33.22% YoY from Rs 63,280.72 million in FY25. Total Income: The total income for Q4FY26 was Rs 20,100.19 million, falling by 35.18% QoQ (from Rs 31,011.08 million in Q3FY26) and growing by 44.36% YoY (from Rs 13,923.92 million in Q4FY25). For FY26, total income stood at Rs 85,099.13 million, an increase of 33.33% YoY from Rs 63,826.39 million in FY25. Profit Before Tax (PBT): PBT in Q4FY26 stood at Rs 2,084.65 million, marking a drop of 41.21% QoQ (vs Rs 3,546.20 million in Q3FY26) and a significant rise of 145.06% YoY (vs Rs 850.68 million in Q4FY25). Annual PBT for FY26 was reported at Rs 7,627.37 million, increasing by 250.10% YoY compared to Rs 2,178.61 million in FY25. Profit After Tax (PAT): The PAT for Q4FY26 was Rs 1,568.79 million, showing a decline of 40.58% QoQ (from Rs 2,640.03 million in Q3FY26) and a robust growth of 151.29% YoY (from Rs 624.30 million in Q4FY25). For FY26, PAT was Rs 5,743.19 million, representing a 260.51% YoY increase against Rs 1,593.09 million in FY25. Standalone Financial Highlights: Revenue from Operations: Standalone revenue from operations in Q4FY26 was Rs 19,629.41 million, recording a QoQ decrease of 35.27% from Rs 30,322.93 million in Q3FY26 and a YoY increase of 44.13% from Rs 13,619.45 million in Q4FY25. For FY26, revenue reached Rs 83,741.25 million, a YoY growth of 33.80% compared to Rs 62,586.76 million in FY25. Total Income: Q4FY26 total income stood at Rs 19,758.13 million, down 35.46% QoQ (vs Rs 30,613.78 million in Q3FY26) and up 43.51% YoY (vs Rs 13,767.64 million in Q4FY25). Annual total income for FY26 was Rs 84,510.68 million, an increase of 33.86% YoY from Rs 63,133.71 million in FY25. Profit Before Tax (PBT): Standalone PBT for Q4FY26 was Rs 2,089.71 million, declining 41.53% QoQ (from Rs 3,574.20 million in Q3FY26) and climbing 146.73% YoY (from Rs 846.95 million in Q4FY25). Annual PBT for FY26 stood at Rs 7,699.21 million, growing 243.80% YoY from Rs 2,239.42 million in FY25. Profit After Tax (PAT): PAT for Q4FY26 was Rs 1,578.33 million, seeing a decrease of 40.79% QoQ (from Rs 2,665.54 million in Q3FY26) and an increase of 154.77% YoY (from Rs 619.52 million in Q4FY25). For FY26, PAT stood at Rs 5,809.79 million, up 251.32% YoY compared to Rs 1,653.71 million in FY25. Business Highlights & Segment-wise Performance: Segment-wise Performance: The company operates entirely in a single business segment identified as the 'jewellery business'. Therefore, no separate segment reporting disclosures were required. Dividend: The Board of Directors recommended a Final Dividend @ 20% (Rs 1.00 per equity share) on the face value of equity shares of Rs 5 each for the financial year 2025-26, subject to the approval of shareholders. Acquisitions: During the current quarter, the Board approved the acquisition of an approximately 68% equity stake in August Jewellery Private Limited. The company is currently obtaining the requisite regulatory and other approvals. QIP Proceeds Utilization: The Company successfully utilised the entire Qualified Institutional Placement (QIP) raised in the previous year (Rs 4,590.00 million). As of March 31, 2026, Rs 3,500.00 million was used towards repayment of existing debt, Rs 946.94 million towards general corporate purposes, and Rs 143.06 million towards issue-related expenses. ESOP Allotment: The Company allotted 88,340 and 1,25,640 equity shares of Rs 5.00 each during the quarter and year ended March 31, 2026, respectively, to its eligible employees pursuant to the "Senco Gold Limited Employees Stock Option Scheme - 2018". Suvankar Sen, Managing Director & CEO, said: "We are pleased to report a strong Q4, crossing Rs 1,997 crore revenue, Rs 274 crore EBITDA and Rs 157 crore PAT for Q4FY26, and closing FY26 with record sales of Rs 8,430 crore at ~33% YoY growth, a significant acceleration over last year. This performance reflects the faith and trust of our customers. From a macro standpoint, Q4FY26 saw extraordinary gold price volatility, international prices surged to a peak of USD 5,595/Oz before retracting to USD 4,500/Oz amid global uncertainty, with domestic average prices at Rs 1,51,783/10gm, up 79% YoY and 20% QoQ. We have maintained around 40-50% hedging to manage price volatility risk and liquidity risk in uncertain markets. Despite this, consumer demand remained resilient in value, driven by a well-distributed wedding season spanning the full quarter. There has been a gradual shift towards lightweight jewellery or lower caratage. During the year, we entered new geographies in Rajasthan, Central Maharashtra, Western UP, etc, indicating huge PanIndia potential, along with a focus on Bengal and East India, which is engine for the future growth. We also delivered a strong FY26 performance despite elevated gold prices, supported by growing demand for lightweight and affordable jewellery. Our expanding 9K/14K portfolio attracted younger and modern consumers, driving wider accessibility and fashion-led purchases. We remain focused on innovation, affordability and expanding organized jewellery consumption across India. We are pleased to propose a final dividend of 20% in addition to the earlier interim dividend of 15%. Old Gold Exchange contributed ~50% to total revenue in Q4 and ~44% in FY26- this trend is likely to gain high momentum in FY27 due to custom duty increase and the recent appeal by the Honourable Prime Minister. Incidentally, this also reflects the jewellery industry's commitment to ESG and Gold recycling. We also achieved 9% diamond volume growth and 32% value growth. We remain optimistic about FY27, driven by tailwinds of showroom network, brand popularity and growing customer base, while fully cognizant of global uncertainties, regulatory developments and elevated gold prices. We plan to launch ~18-20 new showrooms, elevate the roll-out of franchise showrooms, enhance the performance of lightweight jewellery, implement strict cost and stock optimization, focusing on team building, and we expect ~20% revenue growth and maintain our EBITDA guidance of 7.5- 7.8%, ensuring best efforts towards Return on Capital, profitability and franchise growth business.” Sanjay Banka (Group CFO & Head IR), said: “For Q4FY26, we achieved revenue growth of ~45% YoY to Rs 1,997 crore, EBITDA growth of 116% YoY to Rs 274 crore (13.7%) and PAT growth of 151% YoY to Rs 157 crore (7.9%). Gross Margin and EBITDA for the quarter were higher than our guidance of a 7.5-7.8% range due to gains on account of gold and silver price rise. For FY26- We achieved the highest ever topline of Rs 8,430 crore with 33% YoY growth and 24% CAGR over the last 5 years. The growth was secular across own and franchise channels, with 28% and 34%, respectively. Export, e-commerce, and corporate sales contributed about 6% of total sales, while coin/ bullion sales were very marginal at 6%. For FY26, we achieved EBITDA growth of 164% YoY to Rs 969 crore (11.5%) and PAT growth of 261% YoY to Rs 574 crore (6.8%). On the working capital front, total inventory increased 61% YoY to Rs 5,296 crore, which is primarily due to a rise in gold prices, inventory for 7 new showrooms launched, as well as an increase in inventory value at existing stores. Our Gross Margin continues to be among the best in the industry, driven by our focus on the launch of 100 designs per day, and over 75% handmade jewellery. We achieved an EBITDA margin of 11.5% for FY26, which includes a sustainable margin of 7.5-7.7% and a balance on account of gains due to gold, silver and platinum price rise, as well as improvement in product mix and making charge on the elevated prices. It is important to note that Inventory Days have increased to 186 days due to the above reason, as well as readiness for Akshay Tritya FY27, where we achieved 67% YoY growth. The stellar performance for FY26 has led to impressive improvement in ROE and RoCE to 25.7% and 22.5%, respectively. The debt profile has also improved in terms of the Interest Coverage Ratio at 4.3, improving our credit profile significantly. Operating profit before working capital changes increased 2.7x to Rs 1028 crore. We are confidently marching toward FY27 targets of 20%+ value growth while targeting EBITDA margins in the range of 7.5%–7.8%. Subject to global uncertainties and market dynamics, we expect to improve our blended borrowing cost, maintain a strong vigilance on our capital allocation, improve inventory days, performance of subsidiaries and performance of showrooms in new geographies to deliver a minimum sustainable PAT of 4-4.5%.” Result PDF

• Trendlyne
• 5 days 18 hours ago

Gems & Jewellery company Senco Gold announced Q3FY26 results Store network expands to 196 showrooms with 4 new franchise openings in Q3 and net 21 in 9 months. Average gold prices rose by 63% YoY and 23% QoQ, peaking at a historic high of Rs 1,40,000/10gm, impacting volume growth. Average Transaction Value (ATV) rose to Rs 93,000 (up 7.8% QoQ), and Average Selling Price (ASP) rose to Rs 60,270 (up 6.3% QoQ). This was also aided by the rise in gold and silver prices. Launched over 6,000 new gold designs and 3,300 new Diamond designs during the quarter, averaging ~100 new designs every day, totalling 204k gold designs and 113k diamond designs. Robust Revenue Growth: Achieved the highest-ever Q3 retail sales of Rs 3071 crore with a growth of 50% YoY and 2x QoQ and 30% YoY Revenue Growth in 9M. TTM revenue has already reached ~Rs 8300 crore, reflecting consistent YoY growth, loyal customer base and brand positioning. Non-East revenue crossed the Rs 1,100 crore mark, underscoring our expanding national footprint and success in new geographies. QoQ Growth- Revenue growth 2x (Rs 1536 crore to Rs 3071 crore), EBITDA 4x growth (Rs 106 crore to Rs 404 crore) and PAT 5x growth (Rs 48 crore to Rs 264 crore). Q3 YoY Growth- Revenue growth 1.5x (Rs 2046 crore to Rs 3071 crore), EBITDA 5x growth (Rs 80 crore to Rs 404 crore) and PAT 8x growth (Rs 33 crore to Rs 264 crore). 9-month YoY Growth- Revenue growth 30% (Rs 4950 crore to Rs 6433 crore), EBITDA 2.9x growth (Rs 240 crore to Rs 694 crore) and PAT 4.3x growth (Rs 97 crore to Rs 417 crore). Suvankar Sen, Managing Director & CEO, Senco Gold, said: “We are pleased to report a quarter of historical success, crossing Rs 3,000 crore revenue, Rs 400 crore EBITDA and Rs 264 crore PAT for the quarter. Despite gold prices touching record highs of Rs 1,40,000 per 10gm, a growth of 65% in gold rate for full year and 23% for the quarter, we witnessed huge demand during the festive season, recording the highest ever Dhanteras month (Oct) sales of Rs 1,716 crore. Our strategic pivot towards lightweight and everyday-wear jewellery in 22KT,18KT,14 KT & 9KT continues to drive customer engagement as well as higher profitability. Our 'Hyper-local' strategy continues to yield attractive dividend, evidenced by a robust 21% Same Store Sales Growth at YTD. We are happy to share that our non-East revenue crossed the Rs 1,100 crore mark, underscoring our expanding national footprint and success in new geographies. Furthermore, our partnership model is scaling well, with franchise revenue at 33% level. To counter price volatility, we continued our House of Design philosophy, launching almost 100 new designs daily, totalling over 6,000 in Gold and 3,300 in Diamond for the quarter. This design leadership, coupled with attractive Old Gold Exchange offers, customer-friendly monthly instalment schemes ensured that our customers could continue their purchase journeys with confidence and trust. Old Gold contributed 43% to our total revenue and accounted for 36% of our procurement, enabling customers to upgrade their jewellery while mitigating the impact of rising gold prices. We are also seeing encouraging traction in our non-gold categories. The Studded and Diamond segment remains a key focus area for premiumization. Furthermore, we are expanding our footprint with new formats like 'Sennes' and framing our own everyday wear Everlite collection in everyday wear, lightweight jewellery to cater to the modern, aspirational buyer. As we move forward, we remain committed to enhancing customer experience across our 196 showrooms and strengthening our presence in Tier-2 and Tier-3 markets. We have successfully navigated the peak festive demand of Q3 and continue to optimise our inventory more towards a Lightweight and budget-friendly product range due to rising gold prices, catering to daily wear and wedding jewellery. We are prepared for the upcoming Q4 wedding season, Valentine's Day and International Women's Day, preparation for Akshay Tritiya season, Poila Boishak and other local festivals pan India, targeting growth in the studded category through curated collections with 18%~20% growth in value for the upcoming season”. Sanjay Banka, Group CFO & Head IR, said: "We delivered an encouraging performance during the quarter, supported by strong revenue growth of 50% YoY to Rs 3,071 crore and disciplined inventory management. Q3 Adjusted EBITDA margins expanded impressively by 792 bps YoY to 13.2%, driven by improved product mix, operating leverage and lightweight jewellery as well as rising gold price. Supported by this strong topline and margin performance, Q3 Adjusted PAT scaled a 4.9x YoY growth and 5.4x QoQ growth to Rs 264 crore. During the 9 months period Adjusted EBITDA improved from Rs 298 crore to Rs 695 crore by 2.3x YoY and Adjusted PAT improved from Rs 139 crore to Rs 417 crore, achieving 3x YoY growth. PAT margins improved by 588 bps YoY to 8.5% in Q3 and at 9-month basis by 367 bps to 6.5% which is partly due to Gold price rise as well. With the rise in gold prices, our working capital requirements have increased. Consequently, our inventory value increased by 55% YoY from Rs 2963 crore to Rs 4602 crore, Inventory Days remained range-bound at 166-168 days in line with industry standards and borrowings (+GML) rose by 44% YoY from Rs 1,561 crore to Rs 2,248 crore to support the growth. On the regulatory front, we have assessed the implications of the new labour code, and the impact of the same was of Rs 6.20 crore. We are firmly on course to achieve our annual target of 20 new showroom openings for FY26. We expect to launch another 3 to 4 showrooms to achieve the milestone of 200 showrooms and have a robust pipeline for H1 next year. We are also confident of achieving 25%+ YoY topline growth in Q4FY26." Result PDF

• Trendlyne
• 3 months 2 weeks ago