Senco Gold Ltd.SENCO₹326.70 +13.12%

Shares of Senco Gold gained more than 13% on Monday after it reported a strong business update for Q4FY26 and a strong outlook for FY27.

  • The company launched seven new showrooms in Q4, reaching a milestone of 201 showrooms (after accounting for the closure of 2 stores)
  • Gold prices have been highly volatile in the past quarter, given the war and global uncertainty. However, customers have continued to purchase jewellery, and the company has tried to plan its inventory based on changing consumer demand while maintaining its gross margin and profitability, managing risk effectively.
  • The company has accelerated focus on lightweight jewellery and everyday wear to maintain affordability and volume growth even in a high-price environment.
  • The upcoming auspicious occasion of Akshaya Tritiya, Poila Boishak, Baishakhi, Rath Yatra & Raja Parba in Odisha and the summer wedding season in Q1 FY27, is likely to provide further impetus to its business.
  • The company has a strong pipeline for store expansion in H1FY27 and plans to launch 20-25 stores during the year.
  • It aims to achieve a minimum of 20-25% value growth while maintaining our EBITDA margin target of 7.5%-7.8%.

Senco Gold’s CRISP Analysis:

Kalyan Jewellers India’s Crisp Analysis:

Titan Company’s CRISP Analysis:

Senco Gold’s strong business update sent the prices of its peers also higher. Kalyan Jewellers India gained more than 5%, while was also trading nearly 3% higher. These companies are yet to report their business updates.

Other jewellery companies will also be in focus for the March quarter due to the sell-off seen in gold prices, from record high levels that they had surged to earlier in the year. This quarter had events like Valentines Day and Women’s Day which lead to higher sales.