admin
🧩 Senco Gold FY26 growth outlook
Senco Gold FY26 growth outlook signals a strong year ahead for the jewellery major, with a 20% rise in revenue, a booming diamond segment, and silver volumes gaining momentum. As gold prices rise and tariff uncertainties ease, Senco Gold is pivoting its strategy toward higher-margin categories and rapid retail expansion.
📌 Key Highlights in Bullet Format
- 🚀 FY26 Growth Guidance: 18–20% YoY, ₹7,300–7,500 Cr revenue expected
- 💎 Diamond Segment: Q4FY25 saw sharp growth; bottoming prices to drive momentum
- 🪙 Silver Sales: Surging in volume & value, expected to hit 2–3% of revenue
- 🏬 Retail Expansion: 20 new stores planned in FY26; ~50% via franchise
- 📉 Gold Hedging Adjustments: Reduced hedge ratio from 90% to ~65–80% to ride price uptrend
- 📈 Non-Gold Focus: Targeting 20% of revenue from diamonds, silver, and lab-grown jewellery
- 🌎 First Overseas Store: Opened in Dubai to tap international NRIs
- 📊 EBITDA Margins: 6.8–7.2% guided; improvement due to mix diversification
📘 Detailed Article Sections
1. Revenue & Margin Forecast
- FY26 revenue target: ₹7,300–7,500 Cr (18–20% YoY growth)
- EBITDA margin expected to improve to 6.8–7.2% from ~6.5% in FY25
- Higher margins driven by rising contribution from diamonds & silver
2. Diamond Market Dynamics
- Q4FY25 diamond sales rose sharply (approx. 39%)
- Management believes prices have bottomed out
- Expectation of upward price trend as tariffs stabilize
3. Silver Segment Gaining Shine
- Strong growth in both value and volume
- Affordable ticket size driving middle-income demand
- Expected to become 2–3% of total revenue in FY26
4. Store Expansion Plan
- 20 new stores in FY26 (10+ via franchise model)
- Current store count ~175 across India, 1 in Dubai
- Tier 2/3 towns as primary focus for new stores
5. Diversification into Lab-Grown & Fashion Jewellery
- Launch of Senness (lab-grown diamonds) and Gossip (fashion silver)
- Contribution from non-gold products targeted at 20% of overall revenue
- Strong branding expected to attract younger customers
6. Gold Pricing and Hedging Strategy
- Gold continues an upward trajectory
- Reduced hedge ratio (now 65–80%) to capitalize on uptrend
- Management cautious on volatility due to Fed rate actions and USD movements
📈 Quick Stats Table
| Metric | FY25 | FY26 Target |
|---|---|---|
| Revenue | ₹6,200–6,500 Cr | ₹7,300–7,500 Cr |
| EBITDA Margin | 6.5–6.8% | 6.8–7.2% |
| Diamond Contribution | ~11% | ~15%+ |
| Silver Contribution | ~1.5% | 2–3% |
| Store Count | 175 | 195–200 |
📌 Final Thoughts
The Senco Gold FY26 growth outlook is strong, grounded in category expansion, smart store growth, and market-responsive hedging. With diamonds and silver taking center stage, and gold continuing its global upward push, the company is positioning itself for margin and market share gains. Investors should track the pace of non-gold penetration and store productivity to gauge execution strength.
Disclaimer: The projections of potential returns are based on current market conditions and company performance. Actual results may vary due to various factors, including market dynamics, economic conditions, and changes in the competitive landscape. Investors should conduct their own research and consult with financial advisors before making investment decisions.
⚠️ Not SEBI Registered—just here to share insights | 🚫 No paid services—everything shared is entirely free! 🧠 Always Learning and excited to grow together in this journey of market exploration.
Multibagger Stocks breakout stocks
📲 Join Our Investor Communities
Stay updated with actionable stock insights, earnings analysis, and potential multibagger opportunities:
- 🔹 Join our Telegram Channel: Multibagger Hunts
- 🔹 Join our WhatsApp Channel: Click to Join
✅ Free access
✅ Instant alerts
✅ Curated research for serious investors
TwitterXWhatsAppThreadsTelegramFacebookLinkedInGmailEmailShare
