Senco Gold Ltd (SENCO) Q2FY26 Concall Summary - Sep-2025 Qtr
Performance Overview
- The company reported a modest consolidated revenue growth of 2% for the quarter, which was attributed to high gold prices in September causing consumers to postpone purchases.
- Despite slower revenue growth, profitability saw a significant increase, with Profit After Tax (PAT) growing by 300% year-over-year, driven by improved stud ratios and pricing power without resorting to heavy discounting.
- The company experienced a strong rebound in October, post-quarter end, achieving its highest-ever single-month sales of INR 1700 crores, a growth of over 50% YoY, indicating a shift in consumer buying from September to October.
- Old gold exchange has become a more significant part of transactions, increasing to 42-43% from 35% a year ago, as consumers leverage existing assets to purchase new jewellery amidst high gold prices.
- The company remains confident in its full-year guidance, projecting an 18-20% growth for the remainder of the year and a full-year EBITDA margin between 7.2% and 7.4%, supported by a strong wedding season outlook and continued consumer demand.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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