Senco Gold Targets Robust Growth with ₹8,000 Cr Revenue Plan

Senco Gold and Diamonds is aiming for robust growth in FY26, projecting revenues to surpass 8,000 crore and net profit to nearly double, driven by strategic pricing and shifting consumer preferences.

"The company has shown strong growth this fiscal year, crossing Rs 8,000 crore in revenue, up about 30 percent from last year. PAT is expected to nearly double," said Suvankar Sen, MD and CEO.

The company reported revenue of ₹6,258 crore and a net profit of ₹165.37 crore in FY25. For FY26, it expects revenue to grow by around 30 percent, signalling a shift towards higher-value sales despite fluctuations in gold prices. Growth was driven by a 40 percent increase in value terms, even as volumes declined by 10 percent, reflecting the impact of rising gold prices on consumer buying behaviour.

Strengthening its retail presence, the company currently operates around 200 stores across India, along with two outlets in Dubai. It plans to further expand its footprint by adding 20 franchise-owned outlets during the fiscal year, with a strategic focus on northern markets.

Beyond domestic growth, the company exports gold jewellery worth approximately ₹200 crore annually, primarily to the Middle East and parts of Southeast Asia. However, ongoing geopolitical uncertainties have tempered engagement with partners in key Gulf markets, impacting regional expansion plans.

To navigate gold price volatility, Senco Gold has implemented strategies such as hedging 50–60 percent of its inventory and leveraging metal gold loans from banks to mitigate credit risk.

The company has also witnessed a higher contribution from old gold exchange programmes, which now account for 45–50 percent of sales, alongside steady traction in monthly savings schemes that enhance affordability and demand stability. With a clear focus on value-driven growth, network expansion, and prudent risk management, Senco Gold is positioning itself to sustain momentum amid fluctuating gold prices and evolving consumer preferences.