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Senco Gold Shares Jump After Strong Second-Quarter Business Update
Senco Gold is a jewellery company.
It said its sales grew strongly in the three months ending September 30, 2026.
Sales from its existing stores also increased.
The company said sales for the first half of the year passed ₹5,000 crore.
It opened six new showrooms, bringing its total to 215.
After the update, its shares rose during trading on October 8.
Senco expects festivals and weddings to bring more jewellery shoppers in the next quarter.
It also said high gold prices can make jewellery harder to afford, but may create opportunities for organised jewellery companies.
Senco Gold shares rose as much as 11.6% to ₹359 in intraday trading on 8 October, after closing at ₹321.55 the previous session.
The company reported Q2FY27 retail revenue growth of 29% year-on-year, including 19% same-store sales growth; total revenue grew 31%.
Senco Gold said first-half topline exceeded ₹5,000 crore and trailing-twelve-month sales reached ₹10,000 crore.
It opened six showrooms during the quarter, bringing its network to 215.
The company expects festive and wedding demand to support Q3, while highlighting that high gold prices pose affordability and working-capital challenges.
- Who
- Senco Gold and its shareholders.
- What
- The company reported Q2FY27 business growth, and its shares rose as much as 11.6% intraday.
- Where
- Shares traded on the BSE.
- When
- The business update was announced on 7 October; shares surged in intraday trading on Thursday, 8 October. The quarter ended 30 September 2026.
- Why
- The share-price rise followed the company's business update, which reported revenue growth and higher sales.
Challenges from high gold prices
Opportunities for organised retailers
Impact of elevated gold prices
Challenges from high gold prices
Senco said elevated gold prices create affordability and working-capital challenges.
Opportunities for organised retailers
The company said strong brands, sourcing capabilities, exchange programmes and disciplined inventory management can help organised players gain market share.
Key facts
- Q2 retail revenue growth
- 29% year-on-year
- Q2 same-store sales growth
- 19%
- Q2 total revenue growth
- 31% year-on-year
- H1FY27 topline
- More than ₹5,000 crore
- Trailing-twelve-month sales
- ₹10,000 crore
- Showroom network
- 215 showrooms after six openings in the quarter
- Intraday high on 8 October
- ₹359, up 11.6% from the previous close of ₹321.55
- 52-week price range
- Low of ₹275.70 on 30 March; high of ₹430 on 27 July
Quotes
Senco Gold
The jewellery company issuing the Q2 business update.
“While elevated gold prices create affordability and working-capital challenges, they also provide an opportunity for organised players with strong brands, sourcing capabilities, exchange programmes and disciplined inventory management to gain market share.”
livemint.com
“The focus remains on driving lightweight and 9K collections, improving inventory turns and reducing inventory days, replenishment discipline and faster conversion of non-moving inventory.”
livemint.com
Sources
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