Senco Gold Limited, one of India’s leading jewellery retailers with an 85-year legacy, reported a strong financial performance for Q2 and H1 FY26, supported by robust festive demand, showroom expansion, and increased sales of diamond jewellery.

The company added six new showrooms in Q2 and 16 in H1, taking the total network to 192 stores across India and Dubai. Senco also recorded its highest-ever Dhanteras month sales, surpassing Rs 1,700 crore, marking a 56% YoY surge and 25% YTD growth as of October 2025.

Senco’s consolidated revenue grew 2% YoY in Q2 and 16% in H1, with same-store sales growth (SSSG) of 13% in H1. Standalone revenue rose 6% YoY in Q2 and 17.6% in H1 FY26. Despite gold prices touching Rs 11,650 per gram in September, the company achieved higher ASP and ATV, rising to Rs 56,700 and Rs 86,200, respectively, reflecting customer adaptability to prevailing price trends.

Profitability improved sharply with Q2 adjusted EBITDA up 30% YoY, EBIT rising 115%, and PAT increasing 43% to Rs 48.8 crore. In H1, adjusted EBITDA grew 52% while PAT surged 80% to Rs 153.4 crore, supported by stronger margins and a higher stud ratio of 12%, driven by a 31% jump in diamond jewellery demand.

Suvankar Sen of Senco Gold highlighted resilience despite seasonal and climatic disruptions, noting strong wedding-season preparedness and upcoming launches of over 3 lakh new gold and diamond jewellery designs. The company reiterated its 18–20% revenue growth guidance for the year and plans to open 6–8 additional showrooms in FY26.

Group CFO Sanjay Banka emphasised improved H1 margins — EBITDA margin rising by 310 bps to 8.6% — and noted inventory grew to Rs 4,309 crore due to gold price escalation and festive stocking. Net debt stands at Rs 1,578.4 crore with a debt-to-equity ratio of 0.75. He added that strong October sales and better GML availability position the company favourably for a strong H2 performance.