Archive · 2 Jun 2025
Senco Gold Eyes Stable Margins and Diamond Sales Growth
Senco Gold expects to keep making good profits, even though gold prices are high.
They plan to grow diamond sales by a lot this year, because people are buying diamonds instead of gold.
They had a good quarter thanks to buying during festivals.
Even though people are buying less gold, they are spending more money on each piece because they're buying stylish, everyday jewelry.
Senco Gold anticipates stable revenue and margin outlook for FY26.
The company expects EBITDA margins of 6.8–7.2% in FY26.
Senco Gold is targeting 25–30% growth in diamond sales this year.
Diamond jewellery grew 39% in Q4 and contributes 11% of overall revenue.
Consumers are shifting towards diamond-studded jewelry due to high gold prices.
- Who
- Senco Gold
- What
- Senco Gold expects stable margins and growth.
- When
- FY26
- Where
- India
- Why
- Due to resilient demand and consumer preference shifts.
- EBITDA Margin FY26
- 6.8-7.2%
- Q1FY26 Revenue Growth Guidance
- 18-20%
- Q4 Diamond Jewellery Growth
- 39%
- Diamond Jewellery Contribution
- 11% of revenue
- Old Gold Exchange Volume
- 39%
- Average Ticket Size Increase
- 15%
Sources
Gold jewellery consumption set for double-digit growth despite volume dip: ICRA
Gold jewellery sales set for double-digit growth despite volume dip
Gold jewellery consumption to dip by 9-10% in FY26 on rising prices: Report
Gold price rise impact: Value of RBI’s gold surges 57% to Rs 4.32 lakh crore
India gold demand lags as prices rise, wedding buying cools
