Senco Gold Ltd (NSE:SENCO)

Q2 2026 Senco Gold Ltd Earnings Call Transcript

Nov 12, 2025 / 05:30 AM GMT

Release Date Price: ₹330 (+1.43%)

Transcript

Key Points

Positve

Senco Gold Ltd (NSE:SENCO) reported a significant increase in profitability, with a 300% rise in profit after tax (PAT) compared to the same quarter last year.
The company achieved its highest-ever sales in a single month, with October sales reaching 1,700 crore, a substantial increase from the previous year's October sales of 1,100 crore.
Senco Gold Ltd (NSE:SENCO) has already crossed 5,000 crore in revenue growth, moving towards its target of 7,400 crore for the year.
The company has successfully launched 16 new showrooms, including 6 in the second quarter, indicating expansion and growth in its retail footprint.
The stud ratio remains strong at about 12%, contributing positively to profitability, and the company is focusing on innovative designs to attract customers.

Negative

Revenue growth for the quarter was modest, with a consolidated growth of only 2% and standalone growth of 6.6%, partly due to high gold prices affecting consumer purchasing decisions.
The volume growth is in low single digits or almost zero, as consumers are opting for lighter weight jewelry due to high gold prices.
The company's inventory levels have increased significantly, from 3,500 crore to 4,200 crore, due to preparedness and the impact of rising gold prices.
Borrowing levels have also increased, with a net debt to equity ratio of 0.75%, indicating higher financial leverage.
The company faces challenges in maintaining its growth momentum in non-core geographies, with new stores taking longer to break even compared to those in core markets.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SENC.NS - Senco Gold Ltd
Q2 2026 Senco Gold Ltd Earnings Call
Nov 13, 2025 / 05:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Seco Gold Limited Q2 FY26 earnings conference call hosted by Avendis Spark.

As a reminder, all participant clients will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing and 0 on your touchstone phone. Please note that this conference is being recorded.

I now hand the conference over to Mr. Ranganathan from Avender Park.

Thank you and over to you, sir.

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Unidentified_2 [2]
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