Senco Gold Stock Price Up by More Than 4%, After Revenue Increases by 28% in June Quarter

Kolkata, July 7: Shares of Senco Gold surged 5% on Monday, hitting the upper circuit limit, following a robust Q1FY26 business update that highlighted strong revenue growth and aggressive retail expansion. The company reported a 28% year-over-year increase in total revenue during the quarter, alongside a 24% year-over-year rise in retail revenue.

The company’s growth was supported by strong customer demand during regional festivities and its continous expansion with new stores. Senco opened nine new showrooms, taking the total to 179, with plans to open more during FY26.

As of 2:50 PM on July 7, the company’s shares were trading at ₹364.30, up 4.12%.

Q1FY26 Highlights:

• Total revenue jumped 28% year-on-year
• Retail revenue grew 24% YoY
• Nine new showrooms opened, taking the total to 179

The sharp rally comes despite the stock having declined over 30 per cent year-to-date, underperforming the broader market, which saw the Nifty 50 rise 7 per cent during the same period.

Growth Driven by Festivals and Expansion

The company’s Q1 performance was primarily supported by strong consumer demand during regional festivals. Senco Gold also pushed ahead with its growth strategy by launching nine new stores in the quarter, reinforcing its retail presence across India.

Gold Prices and Market Context

The quarter saw domestic gold prices average between ₹86,900 and ₹1,01,000 per 10 grams, a 32% increase from the previous year and 5% higher sequentially. This surge in prices was attributed to global macroeconomic uncertainties and central bank gold purchases.

Expansion Plans

Looking ahead, Senco Gold is targeting the launch of 20 new showrooms by the end of FY26. Further, the company is also exploring franchise routes to expand its fashion and lifestyle jewellery brands with the aim of strengthening its footprint in both urban and semi-urban markets.

Outlook

Senco Gold’s strong quarterly performance has renewed investor optimism, triggering a sharp rally. The momentum reflects market confidence in its growth strategy, with further gains likely as the company pursues aggressive expansion and benefits from elevated gold prices.

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