Senco Gold: Gold volumes slip 6% as silver surges 35%, diamonds up 9% in FY26
Record Q4 retail sales of Rs 1,731 cr (+35% YoY) cushion gold volume decline driven by price spikes. Senco guides 20%+ revenue growth and 7.5-8.5% EBITDA margin for FY27, with 40-50% gold hedging in place. Shares dipped 2.13% to Rs 342.20.
What happened
Senco Gold reported a 6% drop in FY26 gold volumes due to high prices, while silver surged 35% and diamonds grew 9%. Q4 retail sales hit a record Rs 1,731
Key facts
- -6% gold volumes FY26
- +35% silver volumes FY26
- +9% diamond volumes FY26
- Q4 retail sales Rs 1,731 cr
- +35% YoY Q4
- share price Rs 342.20 (-2.13%)
- 40-50% hedging
- FY27 revenue growth >20%
- EBITDA guidance 7.5-8.5%
- PAT target 4-4.5%
Why this matters
Senco's record Rs 1,731 cr Q4 and category mix shift highlight acquisition opportunities in silver-led or diamond-focused regional jewellers to accelerate non-gold revenue diversification.