Senco Gold Q3 FY26 Shines Bright as key Cues Spur Buying

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Senco Gold Q3 FY26 performance underscores festive demand, aggressive expansion, and strong promoter conviction amid volatile gold prices

By S JHA

Mumbai, January 8, 2026 — Senco Gold Ltd has delivered a glittering performance in Q3 FY26, reinforcing its position as the fastest-growing organised jewellery retailer in Eastern India. According to an update highlighted by Angel One, the company reported a robust 51% year-on-year jump in Q3 FY26 sales, driven by festive demand, rising diamond jewellery contribution, and steady network expansion.

Shares of Senco Gold Ltd gained 11 percent on Wednesday. The stock was the lead gainer among the jewellery shares which were trending yesterday. Titan was the top gainer from the largecap.

For the nine months ended FY26, Senco Gold posted 31% YoY sales growth, with trailing twelve-month revenue crossing the significant ₹8,000 crore milestone—a key psychological threshold for mid-cap consumer companies. Quarterly revenue stood at ₹1,554 crore, while profit after tax surged an impressive 215% YoY to ₹53 crore, reflecting operating leverage and tighter cost control.

A standout driver was the diamond jewellery segment, which contributed 34% YoY growth, aided by wedding season demand and aspirational buying despite elevated gold prices. Notably, gold prices climbed 23% quarter-on-quarter, yet Senco managed to maintain a stable average selling price above ₹79,800 per 10 grams, highlighting effective pricing discipline.

On the expansion front, Senco added four new franchise showrooms in Q3, taking its total retail footprint to 196 stores nationwide. Management has indicated that inventory levels are now optimised for the upcoming wedding season, positioning the company well for sustained momentum into Q4 and FY27.

Perhaps the strongest signal of confidence came from the promoters themselves. On January 2, 2026, promoters purchased 62,475 shares at ₹319 apiece, increasing their holding to 64.4%. In a volatile market environment, such buying is widely interpreted as a vote of confidence in the company’s long-term growth trajectory.

Despite the stock trading around ₹321, down nearly 16.6% over the past three months, analysts note that Senco’s medium-term outlook remains intact. With a market capitalisation of about ₹5,250 crore, a P/E of 20.9, and management guiding for 25%+ growth in FY26, Senco Gold appears poised to benefit from formalisation of the jewellery market and sustained global central bank gold buying.

In a sector where sentiment often swings with bullion prices, Senco Gold’s Q3 FY26 performance suggests that strong execution can still outshine volatility.

(Disclaimer: This article makes no recommendation for buy or sell of shares of any company)