Kolkata-based jewellery retailer Senco Gold reported a strong close to FY26, delivering robust growth in the fourth quarter driven by an extended wedding season, festive demand, and strategic product innovation.
On a standalone basis, the company posted an impressive revenue growth of about 46 per cent year-on-year in Q4, culminating in an annual growth of approximately 35 per cent for FY26, significantly higher than the 21 per cent recorded in FY25. Same-store sales growth remained strong at around 34 per cent during the quarter, reflecting healthy consumer traction across categories.
The quarter saw sustained demand momentum aided by key occasions. To capitalise on this demand, the company introduced new collections and promotional offers, ensuring consistent customer engagement throughout the quarter.
Senco Gold also continued its retail expansion strategy, adding seven new showrooms during Q4, including franchisee and company-owned formats. Despite closing two stores, the company crossed a significant milestone, ending the fiscal year with a total of 201 showrooms. Its network now includes a balanced mix of company-operated and franchise-led outlets, along with a small international presence in Dubai.
The quarter, however, was marked by heightened gold price volatility. Prices surged nearly 20 per cent quarter-on-quarter to peak levels before correcting sharply amid global uncertainties and geopolitical tensions.
On a year-on-year basis, average gold prices rose steeply from ₹84,782 per 10 grams in Q4FY25 to ₹1,51,783 per 10 grams in Q4FY26. Despite these fluctuations, consumer demand remained resilient, with the company effectively managing inventory and margins through calibrated pricing and demand-driven stocking strategies.
Further, the company secured a credit rating upgrade from CareEdge, which assigned a CARE A+ rating with a stable outlook for long-term facilities, indicating improved creditworthiness.
Looking ahead, Senco Gold remains optimistic about Q1FY27, supported by upcoming auspicious occasions such as Akshaya Tritiya and regional festivals, along with the summer wedding season. The company is preparing targeted collections and hyper-local offerings to drive demand. For FY27, it plans to expand its retail footprint with the addition of 20 to 25 new stores, with a sharper focus on franchise-led growth.
The company has set a target of achieving 20–25 per cent value growth while maintaining its EBITDA margin in the range of 7.5 per cent to 7.8 per cent. It also intends to deepen its “Phy-gital” strategy by integrating online and offline channels through initiatives like Digi Gold, Magic Mirror, and Sencoverse, aiming to enhance customer experience and operational efficiency in the evolving retail landscape.