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Senco Gold Proposes 1% Net Profit Commission for Non-Executive Directors via Postal Ballot
Senco Gold Limited is seeking shareholder approval through a postal ballot for the payment of profit-linked commissions to its Non-Executive Directors. The proposed commission is capped at 1% of the company's net profits per financial year, effective from the financial year ending March 31, 2026. This resolution aims to reward and retain independent and non-executive board members by linking their compensation to the company's financial performance. Shareholders can cast their votes electronically between February 20 and March 21, 2026.
Key Highlights
Proposed commission for Non-Executive Directors capped at 1% of annual net profits under Section 198.
Remuneration policy change to be effective from the financial year ending March 31, 2026.
Individual director payout limited to 50% of the total aggregate commission and fees paid to all NEDs.
Remote e-voting period is scheduled from February 20, 2026, to March 21, 2026.
Final results of the postal ballot will be declared on or before March 24, 2026.
💼 Action for Investors
This is a standard corporate governance procedure to align board incentives with company profitability. Shareholders should review the resolution details and participate in the e-voting process before the March 21 deadline.
Senco Gold Q3 FY26: Revenue Jumps 50% to ₹3,000 Cr; Adjusted PAT Surges 390%
Senco Gold reported a historic Q3 FY26 with revenue hitting ₹3,000 crores, a 50% YoY increase driven by strong festive demand and a 38% value growth in the diamond segment. Adjusted PAT saw a massive 390% surge to ₹264 crores, while EBITDA margins reached 13.2% due to a higher mix of company-owned stores and improved product offerings. The company is on track to exceed 200 stores by year-end and has provided a robust growth guidance of 25-30% for Q4 FY26. Despite volatile gold prices, the management remains optimistic about maintaining 20%+ growth in the next financial year.
Key Highlights
Revenue grew 50% YoY to ₹3,000 crores in Q3 FY26, with October (Dhanteras month) alone contributing ₹1,716 crores.
Adjusted PAT increased by 390% to ₹264 crores, while adjusted EBITDA margins stood at 13.2%.
Diamond jewellery (studded ratio) grew 38% in value and 10% in volume, significantly boosting profitability.
Inventory value rose to ₹4,602 crores to support expansion, with inventory days maintained efficiently between 166-188 days.
Management issued a conservative growth guidance of 25-30% for Q4 FY26 and 20%+ for FY27.
💼 Action for Investors
Investors should focus on the company's successful shift toward higher-margin diamond jewellery and its efficient inventory management despite high gold prices. The strong growth guidance and expansion into Tier 2/3 markets make it a compelling play in the organized jewellery sector.
Senco Gold Declares ₹0.75 Interim Dividend; Sets Feb 20 as Record Date and TDS Deadline
Senco Gold Limited has declared an interim dividend of ₹0.75 per equity share (15% of face value) for the financial year 2025-26. The company has fixed February 20, 2026, as the record date for determining shareholder eligibility. Detailed tax deduction at source (TDS) guidelines have been issued, with a standard 10% rate for residents with a valid PAN and 20% for those without. Shareholders must submit necessary tax exemption documents by the record date to ensure correct tax treatment.
Key Highlights
Interim dividend of ₹0.75 per equity share (15% of ₹5 face value) for FY 2025-26.
Record date for dividend entitlement is fixed as February 20, 2026.
TDS of 10% applies to resident individuals if total dividend exceeds ₹10,000 and PAN is provided.
Higher TDS rate of 20% will be applied if PAN is not provided, is invalid, or is not linked with Aadhaar.
Non-resident shareholders can avail of lower Tax Treaty (DTAA) rates by submitting a Tax Residency Certificate (TRC) and Form 10F.
💼 Action for Investors
Shareholders should ensure their PAN is updated and linked with Aadhaar to avoid a 20% tax deduction. Eligible investors should submit Form 15G/15H or relevant treaty documents to the company's RTA by February 20, 2026.
Senco Gold Q3 FY26 Results: Revenue Jumps 50% to ₹3,071 Cr, PAT Reaches ₹264 Cr
Senco Gold delivered a record-breaking performance in Q3 FY26, with revenue surging 50% YoY to ₹3,071 Cr despite gold prices reaching ₹1.4 lakh per 10gm. The company reported its highest-ever quarterly PAT of ₹264 Cr and a significant Adjusted EBITDA margin expansion of 792 bps to 13.2%. Growth was underpinned by an exceptional 39% Same Store Sales Growth (SSSG) during the quarter and strong festive demand, with Dhanteras month sales alone hitting ₹1,716 Cr. Strategic focus on lightweight jewellery and Old Gold exchanges (45% of revenue) successfully mitigated the impact of high gold prices on consumer demand.
Key Highlights
Revenue grew by 50% YoY to ₹3,071 Cr for Q3 FY26, crossing the ₹3,000 Cr quarterly milestone.
Adjusted EBITDA margins expanded by 792 bps YoY to 13.2% due to improved product mix and operating leverage.
Achieved robust Same Store Sales Growth (SSSG) of 39% for Q3 and 21% for the nine-month period.
Non-East region revenue crossed ₹1,100 Cr, demonstrating successful national expansion beyond its core markets.
Old Gold exchange contribution rose to ~45% of revenue, helping maintain volume growth despite 63% YoY rise in gold prices.
💼 Action for Investors
Investors should note the strong operational leverage and brand resilience shown by the 39% SSSG and significant margin expansion. The company's successful expansion into non-East markets and high contribution from old gold exchanges make it a strong contender in the organized jewellery space.
Senco Gold Q3 FY26 PAT Surges 689% YoY to Rs 264 Cr; Revenue Up 50%
Senco Gold reported an exceptional Q3 FY26 with revenue growing 50% YoY to Rs 3,071 Cr, driven by strong festive demand and record gold prices. Net profit (PAT) witnessed a massive 689% YoY jump to Rs 264 Cr, while EBITDA margins expanded significantly to 13.2% from 3.9% in the previous year. The company successfully expanded its footprint to 196 showrooms and saw non-East revenue cross Rs 1,100 Cr, indicating successful national expansion. Management remains optimistic, guiding for over 25% revenue growth in Q4 FY26.
Key Highlights
Q3 Revenue grew 50% YoY to Rs 3,071 Cr, while 9M Revenue reached Rs 6,433 Cr (up 30% YoY).
Net Profit (PAT) for Q3 skyrocketed 689% YoY to Rs 264 Cr, aided by inventory gains and improved product mix.
EBITDA margins expanded by 927 bps YoY to 13.2% in Q3 FY26, driven by operating leverage and lightweight jewellery.
Store network reached 196 showrooms with 21 net additions in 9 months and a target of 200 by FY26 end.
Old Gold exchange contributed 43% to total revenue, helping mitigate the impact of gold prices reaching Rs 1,40,000/10gm.
💼 Action for Investors
The stock is likely to react positively to the massive margin expansion and robust 25% growth guidance for Q4. Long-term investors should monitor the sustainability of these margins and the company's execution in non-East Indian markets.
Senco Gold Q3 PAT Surges 689% YoY to ₹264 Cr; Declares ₹0.75 Interim Dividend
Senco Gold reported an exceptionally strong Q3 FY26 with revenue growing 50% YoY to ₹3,071 crore, marking its highest-ever quarterly retail sales. Profit After Tax (PAT) witnessed a massive jump of 689% YoY to ₹264 crore, aided by significant margin expansion of 927 bps. The company declared an interim dividend of ₹0.75 per share with a record date of February 20, 2026. Management remains optimistic, targeting 25%+ growth in Q4 and expanding its national footprint beyond its traditional East India stronghold.
Key Highlights
Q3 Revenue grew 50% YoY to ₹3,071 Cr, while 9M revenue reached ₹6,433 Cr
PAT for Q3 skyrocketed 689% YoY to ₹264 Cr with EBITDA margins expanding to 13.2%
Declared interim dividend of ₹0.75 per share (15% of FV) with record date Feb 20, 2026
Store network expanded to 196 showrooms, with a target to reach 200 by end of FY26
Non-East region revenue crossed ₹1,100 Cr, showing successful national expansion
💼 Action for Investors
The stock is showing robust growth and significant margin improvement despite high gold prices; investors should maintain a positive outlook. Monitor the upcoming Q4 wedding season performance and the achievement of the 200-store milestone.
Senco Gold Q3 PAT Surges 390% to ₹264 Cr; Declares ₹0.75 Interim Dividend
Senco Gold reported an exceptional Q3 FY26 performance with revenue growing 50% YoY to ₹3,071 crore, driven by strong festive demand and 21% same-store sales growth. Net profit (PAT) witnessed a massive 390% YoY jump to ₹264 crore, while EBITDA margins expanded significantly by 792 bps to 13.2%. The company declared an interim dividend of ₹0.75 per share with a record date of February 20, 2026. Management is targeting 25%+ revenue growth in Q4 and aims to reach 200 showrooms by the end of the fiscal year.
Key Highlights
Revenue grew 50% YoY to ₹3,071 crore, marking its highest-ever quarterly retail sales.
PAT surged 390% YoY to ₹264 crore, while EBITDA rose 406% to ₹404.6 crore.
Adjusted EBITDA margins expanded by 792 bps YoY to 13.2% due to improved product mix and operating leverage.
Declared interim dividend of ₹0.75 per equity share (15% of face value of ₹5).
Non-East region revenue crossed ₹1,100 crore, indicating successful national expansion beyond its core market.
💼 Action for Investors
The company is demonstrating robust fundamental growth and significant margin expansion. Investors should view this as a strong 'Hold' or 'Accumulate' opportunity given the successful national scaling and optimistic Q4 guidance.
Senco Gold Q3 PAT Surges 390% YoY to ₹264 Cr; Declares ₹0.75 Interim Dividend
Senco Gold delivered a record-breaking Q3 FY26 performance, with revenue growing 50% YoY to ₹3,071 Cr and PAT surging 390% to ₹264 Cr. The company achieved its highest-ever quarterly retail sales, supported by a 21% Same Store Sales Growth (SSSG) and successful expansion in non-East markets, which now contribute over ₹1,100 Cr. Profitability improved significantly as Adjusted EBITDA margins expanded by 792 bps to 13.2%. To reward shareholders, the board declared an interim dividend of ₹0.75 per share.
Key Highlights
Q3 Revenue grew 50% YoY to ₹3,071 Cr, while 9M FY26 revenue reached ₹6,433 Cr (up 30% YoY).
Net Profit (PAT) for the quarter jumped 390% YoY to ₹264 Cr with PAT margins improving to 8.5%.
Declared an interim dividend of ₹0.75 per equity share (15% of face value) with Feb 20, 2026, as the record date.
Store network expanded to 166 showrooms, with a target to reach 200 showrooms by the end of FY26.
Old Gold exchange contributed 43% to total revenue, helping mitigate the impact of record-high gold prices.
💼 Action for Investors
The results demonstrate exceptional operational leverage and successful national expansion beyond the home market. Investors should remain positive on the stock given the strong 25%+ growth guidance for Q4 and robust margin expansion.
Senco Gold Expands Footprint with First Franchisee Store in Chhattisgarh
Senco Gold Limited has announced the opening of a new franchisee showroom in Ambikapur, marking its official entry into the state of Chhattisgarh. This expansion is part of the company's strategic move to increase its pan-India presence using an asset-light franchisee model. By entering a new state, Senco aims to tap into the growing demand for branded jewelry in Central India. This development reflects the company's ongoing commitment to retail network growth and brand scaling.
Key Highlights
New franchisee store opened in Ambikapur, Chhattisgarh on January 24, 2026.
Marks the first Senco franchisee showroom in the state of Chhattisgarh.
Expansion follows the company's asset-light growth strategy to minimize capital expenditure.
Strengthens the company's retail footprint and brand visibility in the Central Indian market.
💼 Action for Investors
Investors should view this expansion as a positive indicator of the company's growth trajectory and geographical diversification. Monitor the success of the franchisee model in new territories as it impacts long-term profitability and market share.
Senco Gold to Acquire 68% Stake in Melorra (AJPL) for INR 68 Crores
Senco Gold has approved a strategic acquisition of a 68% majority stake in August Jewellery Private Limited (AJPL), known for the 'Melorra' brand, for a cash consideration of INR 68 crores. The move is designed to strengthen Senco's omnichannel and digital presence among younger consumers, leveraging Melorra's design and e-commerce capabilities. Notably, Melorra's turnover has declined sharply from Rs. 605.47 crore in FY23 to Rs. 33.25 crore in FY25, indicating a potential turnaround play. The acquisition is expected to be completed by April 30, 2026, making AJPL a subsidiary of Senco.
Key Highlights
Acquisition of 68% equity stake in Melorra (AJPL) for a total cash consideration of INR 68 crores
Target company turnover witnessed a significant drop from Rs. 605.47 crore in FY23 to Rs. 33.25 crore in FY25
Investment funds will be utilized for growth, expansion, and the discharge of old liabilities
Senco Gold currently operates as the Master Franchisee for Melorra's 21 stores across India
The transaction is expected to be finalized by April 30, 2026, through fresh equity issuance
💼 Action for Investors
Investors should watch for Senco's ability to revive Melorra's declining revenues and integrate its digital-first model into the broader business. While the acquisition price is low relative to historical sales, the target's financial health remains a key risk factor.
CARE Edge Assigns 'CARE A1' Rating to Senco Gold's ₹50 Cr Short-Term Facilities
CARE Edge has assigned a 'CARE A1' rating to Senco Gold's ₹50 crore short-term bank facilities, citing strong brand presence and improved financial profiles. The company's revenue grew at a 19% CAGR to ₹6,334 crore in FY25, supported by a network of 191 domestic showrooms. While operations remain working capital intensive with 178 inventory days, the capital structure is bolstered by a net worth of ₹1,968 crore following successful IPO and QIP rounds. Liquidity is rated as strong with a current ratio of 1.43x and significant cash accruals relative to minimal debt obligations.
Key Highlights
Assigned 'CARE A1' rating for ₹50 crore short-term facilities; long-term rating remains ICRA A (Stable).
Total Operating Income reached ₹6,334 crore in FY25 with a 19% CAGR since FY21.
H1FY26 performance showed strong recovery with revenue of ₹3,362 crore and PBILDT margin of 8.63%.
Net worth strengthened to ₹1,968 crore as of March 2025, aided by IPO and QIP proceeds.
Retail footprint expanded to 191 showrooms in India and 2 in Dubai as of September 2025.
💼 Action for Investors
Investors should view this rating as a validation of Senco's financial discipline and successful scale-up post-listing. Monitor the company's progress in geographical diversification beyond East India and its management of inventory cycles.
Senco Gold Reports Robust 51% YoY Q3 Revenue Growth; 9M Revenue Up 31%
Senco Gold delivered a stellar performance in Q3 FY26 with standalone revenue growing 51% YoY, significantly higher than the 6.5% growth seen in Q2. This growth was fueled by a 39% Same Store Sales Growth (SSSG) and strong festive demand during Dhanteras and Diwali. Diamond jewellery sales remained a key driver, growing 36% YoY in Q3, while total trailing twelve-month (TTM) revenue reached approximately ₹8,000 crore. Despite gold prices peaking at ₹1,40,000 per 10 grams, the company maintains a confident outlook of 25%+ YoY growth for the full fiscal year.
Key Highlights
Standalone revenue grew 51% YoY in Q3 and 31% YoY for the 9-month period ended December 2025.
Same Store Sales Growth (SSSG) reached 39% in Q3, driven by festive campaigns and new design launches.
Diamond jewellery segment maintained strong momentum with 36% YoY growth in Q3 and 34% for 9M FY26.
Showroom network expanded to 196 stores, with 16 new stores added in the first 9 months of the fiscal year.
Management targets 25%+ YoY growth for FY26 and expects to reach the 200-showroom milestone by year-end.
💼 Action for Investors
The strong SSSG and diamond segment growth indicate high brand loyalty and potential for margin expansion. Investors should monitor if the company can sustain this momentum during the Q4 wedding season despite record-high gold prices.