Senco Gold (SENCO) investor relations material

Executive summary

• Achieved record consolidated sales exceeding INR 30,560.3 million in Q1 FY27, a 67% year-over-year growth, with retail sales up 50% and same-store sales growth at 39%.

• Diamond jewelry sales value increased 43% and volumes by 18%, driven by design-led, lightweight products and new launches.

• Old gold exchange accounted for 43% of total sales quantity, supporting customer upgrades and reducing gold imports.

• Net addition of 8 showrooms in Q1, including company-owned, franchise, and a lab-grown diamond-focused showroom, with plans for 12-15 more in FY27.

• Unaudited standalone and consolidated financial results for Q1 FY27 were reviewed and approved by the Board and Audit Committee, with no material misstatements identified.

Financial highlights

• Consolidated revenue for Q1 FY27 was INR 30,560.3 million, up 67% YoY and 53% QoQ; standalone revenue was INR 30,066.6 million.

• EBITDA margin for the quarter was 7%, with EBITDA at INR 2,131.4 million; PAT stood at INR 1,011.4 million (3.3% margin), impacted by startup losses in subsidiaries.

• Average selling price increased 40% YoY; average ticket value up 38%.

• Inventory days improved to 152 from 183 YoY.

• Gold price rose 61% YoY, contributing to value growth.

Outlook and guidance

• Management maintains a conservative full-year growth guidance of 20%-25%, targeting over INR 10,000 crore in revenue.

• Sustainable EBITDA margin guidance remains at 7.5%-7.8%, with PAT margin targeted at 4%-4.5%.

• Plans to open 12-15 more stores in FY27, focusing on franchise expansion in East and North India and deeper penetration in Tier 2/3 cities.

• Q2 expected to be a planning and inventory build-up quarter, with stronger growth anticipated in festive Q3 and Q4.