SENCO
Senco Gold share price & financials
- Price
- ₹340.4
- Market cap
- ₹5.5k Cr
- Sector
- Consumer Durables
- Calls analysed
- 8
Senco Gold Q1 FY27
What went well
- Achieved record sales, crossing INR 3,000 crores in a single quarter, demonstrating strong Q1 performance.
- Consolidated revenue grew by almost 67% YoY, reflecting renewed customer trust.
- Retail sales grew by more than 50% YoY, with same-store sales growth of almost 39%.
What to watch
- Consolidated PAT was lower than standalone figures due to the impact of three subsidiaries, particularly Sennes Fashion Limited and the Dubai entity, which are in start-up phases.
- Other expenses increased from approximately INR 80 crores to INR 195 crores due to store renovations, customer schemes, and brand-building initiatives, impacting margins.
What Senco Gold does
Senco Gold designs, sources and retails gold, diamond and silver jewellery through a network of company-owned, franchisee and premium lifestyle showrooms in India and Dubai. Close to three-quarters of its pieces are handcrafted by an in-house karigar (artisan) workforce, and it runs an Old Gold Exchange programme that lets customers trade in used jewellery toward new purchases. It has diversified beyond its home base in East India into new geographies and, through subsidiary Sennes, into lab-grown diamond jewellery, premium leather accessories and fragrances aimed at younger, trend-aware buyers.
Segments
- Company-owned (COCO) showrooms
- Franchisee showrooms (FOFO/FOCO)
- Sennes
- Export, e-commerce & corporate sales
- Showroom network
- 201 showrooms (102 company-owned, 85 franchisee, 12 Sennes, 2 in Dubai)
- Geographic footprint
- 18 states & UTs; 130 towns and cities in India plus Dubai
- Total retail area
- 5.84 lakh sq ft
- Team strength
- 3,215+
- Customer base
- 3.22 Mn+ loyal customers
- Jewellery design catalogue
- 218K gold jewellery designs and 122K diamond jewellery designs
Guidance record · Q1 FY27
what the last two calls moved 26 tracked 5 delivered 8 missed 13 open- Revenue Growth FY26 delivered said Q3 FY25 Promised: 18% to 20% in the next financial year as well. Q1 FY27: Past year's target, remains achieved.
- Stud Ratio went quiet said Q2 FY25 Promised: Our endeavour is to take this stud ratio towards 15%. Q1 FY27: Vaguely mentioned as a driver for long-term margin improvement ('higher stud ratio'), but the specific 15% or revised 13-13.5% target was not addressed.
- FY27 Revenue Growth revised up said Q3 FY26 Promised: have a growth of 20% plus for the coming financial year as well. Q1 FY27: Guidance was revised back up to '20%+' value growth for the financial year, following a strong Q1 performance.
All 26 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 64.8%, net profit up 9.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,459 | 2,023 | 1,362 | 1,825 | 1,554 +7% | 3,032 +50% | 1,963 +44% | 3,007 +65% |
| EBITDA | 56 | 79 | 126 | 182 | 108 +93% | 404 +411% | 271 +115% | 223 +23% |
| Net profit | 17 | 33 | 62 | 104 | 53 +212% | 267 +709% | 158 +155% | 114 +10% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −9.3% 1Y
1Y: ₹382.1 on 10 Sept 2025 → ₹346.4. High ₹418.65 (28 Jul 2026), low ₹278.85 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −13.9%
- 12 Aug
- Q4 FY26
- −2.6%
- 27 May
- Q3 FY26
- −5.7%
- 13 Feb
- Q2 FY26
- −0.9%
- 20 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 27.1% a year over 3 years, FY23 to FY26. Operating margin widened to 11.5%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹4.1k Cr | ₹5.2k Cr | ₹6.3k Cr | ₹8.4k Cr |
| Operating profit | ₹318 Cr | ₹382 Cr | ₹371 Cr | ₹965 Cr |
| Operating margin | 7.8% | 7.3% | 5.9% | 11.5% |
| Interest | ₹87 Cr | ₹108 Cr | ₹135 Cr | ₹200 Cr |
| Depreciation | ₹45 Cr | ₹59 Cr | ₹66 Cr | ₹72 Cr |
| Net profit | ₹163 Cr | ₹188 Cr | ₹165 Cr | ₹582 Cr |
| Net margin | 4.0% | 3.6% | 2.6% | 7.0% |
| Cash from operations | ₹-79 Cr | ₹-19 Cr | ₹-206 Cr | ₹-809 Cr |
| Free cash flow | ₹-109 Cr | ₹-53 Cr | ₹-239 Cr | ₹-850 Cr |
| ROCE | 15.0% | 14.0% | 10.0% | 21.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹53 Cr | ₹53 Cr | ₹56 Cr | ₹78 Cr | ₹82 Cr | ₹82 Cr |
| Reserves | ₹549 Cr | ₹674 Cr | ₹880 Cr | ₹1.3k Cr | ₹2.0k Cr | ₹2.5k Cr |
| Borrowings | ₹680 Cr | ₹1.0k Cr | ₹1.4k Cr | ₹1.8k Cr | ₹2.4k Cr | ₹2.6k Cr |
| Other liabilities | ₹277 Cr | ₹348 Cr | ₹565 Cr | ₹582 Cr | ₹1.3k Cr | ₹1.8k Cr |
| Total liabilities | ₹1.6k Cr | ₹2.1k Cr | ₹2.9k Cr | ₹3.7k Cr | ₹5.8k Cr | ₹6.9k Cr |
| Fixed assets | ₹212 Cr | ₹219 Cr | ₹276 Cr | ₹354 Cr | ₹397 Cr | ₹425 Cr |
| Capital work in progress | ₹2 Cr | ₹7 Cr | ₹13 Cr | ₹0 Cr | ₹2 Cr | ₹2 Cr |
| Investments | ₹2 Cr | ₹2 Cr | ₹4 Cr | ₹13 Cr | ₹32 Cr | ₹42 Cr |
| Other assets | ₹1.3k Cr | ₹1.9k Cr | ₹2.6k Cr | ₹3.3k Cr | ₹5.4k Cr | ₹6.4k Cr |
| Total assets | ₹1.6k Cr | ₹2.1k Cr | ₹2.9k Cr | ₹3.7k Cr | ₹5.8k Cr | ₹6.9k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −0.98 pp while DIIs added +0.77 pp. The shareholder count shrank 12% to 1,50,103.
- Promoters
- 64.5%
- FIIs
- 6.9%
- DIIs
- 13.5%
- Public
- 15.1%
Since Jun 2025
- Public −0.98 pp
- DIIs +0.77 pp
- FIIs +0.12 pp
How it drifted, 12 quarters
Over this window FIIs fell from 14.4% to 6.9% — −7.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 68.5%, FIIs 14.4%, DIIs 8.5%, Public 8.6%.Dec '23: Promoters 68.5%, FIIs 14.5%, DIIs 7.0%, Public 10.1%.Mar '24: Promoters 68.5%, FIIs 14.0%, DIIs 7.5%, Public 10.0%.Jun '24: Promoters 68.5%, FIIs 7.7%, DIIs 10.5%, Public 13.3%.Sep '24: Promoters 67.5%, FIIs 8.6%, DIIs 9.6%, Public 14.4%.Dec '24: Promoters 64.1%, FIIs 8.9%, DIIs 13.3%, Public 13.7%.Mar '25: Promoters 64.3%, FIIs 7.2%, DIIs 12.6%, Public 15.9%.Jun '25: Promoters 64.4%, FIIs 6.8%, DIIs 12.8%, Public 16.1%.Sep '25: Promoters 64.4%, FIIs 8.8%, DIIs 11.6%, Public 15.2%.Dec '25: Promoters 64.5%, FIIs 8.2%, DIIs 12.1%, Public 15.3%.Mar '26: Promoters 64.5%, FIIs 7.6%, DIIs 12.6%, Public 15.3%.Jun '26: Promoters 64.5%, FIIs 6.9%, DIIs 13.5%, Public 15.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- TATA AIA Life Insurance Co. Ltd. - TOP 200 FUND- ULIF 0 Insurer newly disclosed 2.10% held
- ICICI Prudential Life Insurance Company Limited Insurer +1.11 pp 3.25% held
- Bandhan Small Cap Fund Mutual fund +0.17 pp 3.75% held
- Pc Sen Charitable Trust newly disclosed 0.00% held
- Senco Gold Limited Group Gratuity Trust newly disclosed 0.00% held
- Sudeshna Sen newly disclosed 0.00% held
- Soham Sen newly disclosed 0.00% held
- Slok Sen newly disclosed 0.00% held
The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Senco Gold above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Jai Hanuman Shri Siddhivinayak Trust (Trustee- Mr. Suvankar Sen and Mrs. Joita Sen) | 41.49% | unchanged |
| Suvankar Sen | 14.56% | unchanged |
| Om Gaan Ganpataye Bajrangbali Trust (Trustee- Mr. Suvankar Sen and Mrs. Ranjana Sen) | 6.53% | unchanged |
| Bandhan Small Cap Fund Mutual fund | 3.75% | +0.17 pp |
| ICICI Prudential Life Insurance Company Limited Insurer | 3.25% | +1.11 pp |
| TATA AIA Life Insurance Co. Ltd. - TOP 200 FUND- ULIF 0 Insurer | 2.10% | newly disclosed |
| Sundaram Mutual Fund A/C Sundaram Small Cap Fund Mutual fund | 1.69% | unchanged |
| Ashoka Whiteoak Icav - Ashoka Whiteoak India Oppor FPI fund | 1.22% | −0.30 pp |
| Ranjana Sen | 1.02% | unchanged |
| Joita Sen | 0.88% | unchanged |
| Pc Sen Charitable Trust | 0.00% | newly disclosed |
| Senco Gold Limited Group Gratuity Trust | 0.00% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (8)
Read the Q1 FY27 call →Learn to analyse Senco Gold
Guides on how to read this kind of business and the numbers that matter.