Senco Gold Q1 FY27 Earnings Call Transcript Released
Senco Gold Limited reported a strong Q1 FY27 with consolidated revenue up 67% to over ₹3,000 crore. Retail sales grew 50%, and diamond jewelry sales increased 43%. The company aims for 20%+ growth for the full year and maintains a 7.5%-7.8% EBITDA margin guidance. New stores are being added, with a focus on franchise expansion.
The announcement provides an update on quarterly results and management's outlook, which is important for investors but does not involve a major new corporate action or financial event with immediate, significant market impact.
The company reported strong revenue growth, increased sales across segments, and positive outlook for the year, despite some headwinds faced during the quarter.
Senco Gold Limited has released the transcript of its earnings conference call for the first quarter of FY27, which concluded on June 30, 2026. The call, held on August 12, 2026, featured insights from Managing Director and CEO Mr. Suvankar Sen and Group CFO Mr. Sanjay Banka.
Mr. Sen highlighted a strong Q1 performance with record sales exceeding ₹3,000 crore, representing a consolidated revenue growth of approximately 67% year-on-year. Retail sales saw a growth of over 50%, with same-store sales growth at nearly 39%. The company noted a shift in consumer preference towards lightweight and design-led jewelry, with diamond jewelry sales increasing by 43% in value and 18% in volume. Old gold exchange contributed significantly, accounting for about 43% of total sales quantity. Despite headwinds like elections and heatwaves, April recorded sales of ₹1,500-1,600 crore, while May and June moderated to ₹500-600 crore monthly.
Senco Gold added three company-owned, four franchise stores, and one Sennes showroom during the quarter, with plans to open 12-15 more stores in the remainder of the financial year, focusing on franchise expansion in East and North India. Looking ahead, the company anticipates a seasonally softer Q2 but is focusing on inventory building for the festive season. Improvement in consumer sentiment and footfalls has been observed in July and August.
Mr. Banka reported a consolidated PAT of ₹101 crore and an EBITDA margin of 7%, amounting to ₹213 crore. He reiterated the guidance for a sustainable EBITDA margin of 7.5%-7.8% for the full year. The company is focused on optimizing inventory, with inventory days currently around 152, and aims for further improvement. The average selling price (ASP) increased by approximately 40% year-on-year, and average transaction value (ATV) rose by 38% year-on-year.
Discussions during the Q&A included the company's conservative growth guidance of 20%+ for the year, monthly sales trends, margin analysis, and the impact of other expenses, which were noted to be higher due to marketing, store renovations, and customer schemes. The company also addressed the availability of Gold Metal Loans (GML) and its hedging strategy, which is currently maintained at approximately 50% to balance liquidity risk and gold price volatility. The estimated gross customs duty gain for Q1 was around ₹12-15 crore, expected to accrue over the next 2-3 quarters.
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