Senco Gold Share Price Hits Upper Circuit On Posting Highest Ever Q4 Revenue
Shares of Senco Gold Ltd. hit the upper circuit on Wednesday after the company posted its highest-ever fourth-quarter revenue. The shares hit over a one-month high on the back of high trading volume. The jeweller's revenue rose over 19% to Rs 1,300 crore, according to its exchange filing.
A robust wedding-season demand in the fourth quarter of the last financial year led to a 23% jump in Senco Gold's retail growth, despite the rising gold prices. The top line for the fiscal crossed Rs 6,200 crore, a 19.4% retail growth.
The company said that wedding and festive demand had given a boost in the quarter under review, leading to more footfalls and improvement in invoices. The same-store sales growth was 18.4% in this quarter and 14.6% in the fiscal. The company also noted that the growth in tier 3 and tier 4 towns had outpaced metro and tier 2 cities.
The coin and bullion sales continue to be a small fraction of total gold sold, standing at below 4%. The company's non-East revenue for 2025 grew 23% and crossed Rs 1,100 crore as against Rs 940 crore in the financial year 2024.
The company has achieved 39% growth in diamond jewellery sales, and the stud ratio has improved marginally to 10.9% against 10.5%. The company is confident of a strong start to fiscal 2026, backed by robust demand during Poila Boishakh, Akshaya Tritiya and the wedding season. The price reduction last week is also likely to push up demand, and the company plans to open over five new stores as well.
Senco Gold Share Price Rise
The scrip rose as much as 5% to Rs 318.25 apiece to hit the upper circuit, the highest level since Feb. 25. This compares to a 0.58% decline in the NSE Nifty 50.
It has fallen 40.66% in the last 12 months and 20.82% year-to-date. Total traded volume so far in the day stood at 9.7 times its 30-day average. The relative strength index was at 55.
Out of six analysts tracking the company, five maintain a 'buy' rating and one recommends a 'hold', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 70.5%.
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