India · Delayed Price · Currency is INR Senco Gold Earnings Call Transcripts
Fiscal Year 2026
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Q3 saw record revenue and profitability driven by festive demand and higher gold prices, despite a 3% volume decline. Guidance remains strong for Q4 and FY27, with a focus on expanding stores, improving margins, and prudent risk management.
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Q2 PAT surged 300% year-over-year, with revenue up 2% consolidated and 6.6% standalone. October saw record sales, and YTD growth is 25%, with management confident of surpassing 20% annual growth and maintaining a 7.2%-7.4% EBITDA margin.
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Q1 FY26 saw revenue up 28% and PAT more than double, driven by strong diamond and lightweight jewelry sales, margin expansion, and robust store openings. Full-year growth guidance remains at 18%-20% with a focus on franchise expansion and efficiency.
Fiscal Year 2025
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Q4 FY25 saw 21% revenue growth, with strong diamond jewelry performance and improved EBITDA margin. Inventory and debt rose mainly due to gold price increases, while the company targets 18%-20% growth and 6.8%-7.2% EBITDA margin for FY26.
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Q3 saw 27% consolidated revenue growth and record sales, but margins were pressured by duty cuts, hedging costs, and a lower diamond stud ratio. Management expects a strong Q4, with diamond jewelry sales rebounding and full-year revenue to exceed INR 6,200 crore.
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Q2 and H1 FY25 delivered strong revenue and profit growth, driven by festive and wedding demand, a surge in old gold exchange, and robust franchisee performance. Despite a one-time customs duty impact, margins remain healthy, and expansion plans are supported by a planned QIP.