Senco Gold Ltd

Q4 FY25Consumer Durables

Senco Gold Q4 FY25 earnings call: Revenue & Margins

Q4 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹345

Market cap₹6.5K Cr

P/E11.4

Updated23 Aug 2026

Read4 min read

The short version

Revenue growth target for FY26 is around 18% to 20%, supported by strong sales momentum in April and Akshaya Tritiya period. Q4 FY25 revenue increased by 21% YoY; EBITDA up over 44%, with margin improving from 7.7% to 9.2% due to higher diamond stud ratio.

From Senco Gold Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Revenue growth target for FY26 is around 18% to 20%, supported by strong sales momentum in April and Akshaya Tritiya period.
Diamond segment expects volume growth of 15% to 20% driven primarily by volume rather than price increases; Q4 FY25 diamond volume grew 21%.
Gold volume saw a decline of 6% in Q4 FY25 and approximately 3% for the full year FY25 due to price increases.
In long-term, diamond stud ratio is targeted to reach 15% to 18% in 3 to 4 years to improve margins.
New store openings planned predominantly in North and East India with 8 to 10 company-owned plus 8 to 10 franchise stores in FY26.

2 more points management made on revenue & sales performance

Profitability & Margins

Q4 FY25 revenue increased by 21% YoY; EBITDA up over 44%, with margin improving from 7.7% to 9.2% due to higher diamond stud ratio.
Expect revenue growth of 18% to 20% for FY26, balancing gold price inflation and consumer demand for lighter, affordable designs.
Diamond volume growth projected at 15% to 20%, driven by volume rather than price increases.
Stable EBITDA margin guidance of approximately 7% to 7.5% quarterly, expecting smooth margins over 3-4 quarters.
Focus on improving key financial metrics—return on equity and capital employed—to deliver superior returns.

2 more points management made on profitability & margins

See what Senco Gold Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

No separate revenue targets yet for Everlite stores; scaling and targets to be shared as business model strengthens (Page 23).
Planning to open 8 to 10 company-owned stores and 8 to 10 franchisees conservatively; possibility of adjusting ratio depending on franchise partner availability (Page 13).
Strategic tie-up with Melorra for diamond-studded jewellery; currently in due diligence phase, future capital investment and impact on financials not disclosed yet (Page 20).
Focus on franchise expansion especially in North and East India to penetrate Tier 2, 3, 4 towns (Page 19).

- No plans to raise equity capital for growth; growth capital to be managed through internal accruals and debt within comfort debt-to-equity ratio (~1:1 to 1.2) (Page 20, Page 13). - Investment in brand building, local design, and marketing to grow non-East region organically (Page 10). In summary, future capex includes store expansion, strategic diamond jewellery tie-ups, and controlled marketing spend, with a preference for franchise-led growth.

2 more points management made on capital expenditure plans

Top-ranked in Consumer Durables

Ranked on what management guided this quarter

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3₹2.5K Cr

Rev 1Mar 2

4₹1.7K Cr

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5₹1.7K Cr

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The company does not plan to raise equity for growth capital; growth will be managed through internal accruals and debt.
Comfortable debt-to-equity ratio targeted is around 1:1 to 1.2, subject to market price fluctuations.
Additional working capital requirement is estimated at INR 300 to INR 400 crore.
Incremental borrowing expected to be a maximum of INR 350 crore if gold prices remain stable.
Preference is given to opening franchisee stores over company-owned stores to reduce balance sheet stress.

2 more points management made on fundraising & capital structure

See what Senco Gold Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided from Senco Gold Limited does not explicitly mention details regarding the current or expected order book or pending orders. The discussion mainly covers topics such as: - Revenue growth, EBITDA margin, and financial performance. - Diamond and gold sales volume growth and pricing. - Inventory levels and optimization. - Store expansion plans with company-owned and franchise stores.

2 more points management made on order book & pipeline

Senco Gold Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹2.0K Cr, net profit ₹158 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Senco Gold Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Senco Gold Ltd Q4 FY25 results?

What is Senco Gold Ltd share price analysis?

Senco Gold Ltd currently shows a neutral. The stock trades at a P/E of 11.4 with a market cap of ₹6,540 Cr. Investors should review the full earnings analysis for detailed insights.

Is Senco Gold Ltd planning capital expenditure?

No separate revenue targets yet for Everlite stores; scaling and targets to be shared as business model strengthens (Page 23).

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.