Senco Gold reported a 71% year-on-year rise in consolidated net profit at Rs 83.5 crore for the September quarter. Revenue grew 34% to Rs 2,058.7 crore, driven by strong consumer demand. Managing director Suvankar Sen said the company was targeting value growth of over 25% in H2 FY27.
Synopsis
Senco Gold achieved a 71% increase in net profit and a 34% rise in consolidated revenue for Q2 FY27. The company's same-store sales growth reached 19%, indicating strong consumer demand during the quarter. Although EBITDA declined and margins contracted, retail revenue surged by 40% in the first half of the financial year.
Kolkata: based listed jewellery firm Senco Gold reported a 71% year-on-year increase in consolidated net profit at Rs 83.5 crore for the September quarter (Q2 FY27), compared with Rs 48.8 crore in the corresponding quarter last year.
Consolidated revenue rose 34% to Rs 2,058.7 crore from Rs 1,536.1 crore a year ago, driven by healthy consumer demand and strong same-store sales growth.
However, EBITDA declined 15% to Rs 90.2 crore during the quarter from Rs 106.5 crore in Q2 FY26, while EBITDA margin contracted to 4.4% from 6.9%.
EBITDA for the first half of FY27 increased 35% to Rs 391.2 crore, while consolidated revenue surged 52% to Rs 5,114.8 crore. Net profit for H1 FY27 rose 22% to Rs 187.8 crore from Rs 153.4 crore in the year-ago period.
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The jewellery retailer reported same-store sales growth of 19% in Q2 and 30% in H1 FY27. Retail revenue grew 40% during the first half.
Senco added 14 showrooms during H1 FY27, taking its total retail network to 215 stores, comprising 123 company-owned and 92 franchise-operated showrooms. It plans to open another 6-7 showrooms in the second half of the financial year.
Despite gold prices ranging between Rs 1.40 lakh and Rs 1.50 lakh per 10 grams during the quarter, consumer demand remained resilient. Old gold exchanges accounted for 51% of sales in H1 FY27.
The company reported sales of Rs 1,800 crore during the Dhanteras period, registering growth of over 30%.
Senco managing director and CEO Suvankar Sen said the company was targeting value growth of over 25% in H2 FY27, with an EBITDA margin of 7.5% and a sustainable PAT margin of 4-4.5%.
The company also aims to achieve minimum 25% growth for the full financial year, supported by the festive and wedding seasons.
As of September 30, 2026, inventory stood at Rs 5,487.8 crore, while borrowings increased to Rs 2,612.7 crore from Rs 2,346 crore, reflecting higher inventory and working capital requirements ahead of the festive season.
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