New Delhi: Jeweller Senco Gold & Diamonds expects revenue to cross Rs 8,000 crore in the fiscal ending March 2026, a roughly 30 per cent rise from a year earlier, its Managing Director and CEO Suvankar Sen said.
Net profit is expected to nearly double in 2025-26, Sen said. The company posted a net profit of Rs 165.37 crore and revenue of Rs 6,258 crore in 2024-25.
“The company has shown strong growth this fiscal year, crossing Rs 8,000 crore in revenue, up about 30 per cent from last year. PAT is expected to nearly double,” Sen told PTI.
Growth was driven by a 40 per cent jump in value terms even as volumes fell 10 per cent, a trend Sen attributed to gold price volatility — a pattern seen broadly across India’s jewellery sector as bullion prices peaked in late 2025.
Senco, which operates 200 stores across India and two in Dubai, plans to add 20 franchise-owned outlets in the current fiscal year, predominantly in northern India.
The company exports roughly Rs 200 crore of gold jewellery annually, primarily to the Middle East and parts of Southeast Asia.
However, Sen said geopolitical uncertainty had slowed engagement with partners in Saudi Arabia and Dubai over the past three to four months, putting franchise expansion plans in the Gulf on hold.
“We are hedging 50 to 60 per cent of our inventory to counter gold volatility. Metal gold loans from banks are also helping us manage credit risk,” Sen said.
Old gold exchange programmes now account for 45 to 50 per cent of sales, while monthly savings schemes have eased the burden of one-time purchases for customers, helping stabilise cash flows, he added.
