Gems & Jewellery company Senco Gold announced Q2FY26 results Revenue: Rs 1,536.1 crore against Rs 1,500.5 crore during Q2FY25, change 2%. EBITDA: Rs 106.5 crore against Rs 51.9 crore during Q2FY25, change 105%. EBITDA Margin: 6.9% for Q2FY26. PAT: Rs 48.8 crore against Rs 12.1 crore during Q2FY25, change 302%. PAT Margin: 3.1% for Q2FY26. Suvankar Sen, Managing Director & CEO, Senco Gold, said: “We are pleased to report that we have delivered an enduring performance in Q2, despite the highest-ever gold prices reaching to Rs 11650/gm in September 2025, and a quarter marked by significant headwinds including the Shraddh period, heavy rainfalls and floods in the eastern region and global uncertainties. Our consolidated revenue grew by a robust 16% YoY to Rs 3,362.3 crore, while Average Selling Price (ASP) and Average Ticket Value (ATV) also rose to Rs 56,700 and Rs 86,200 (YoY growth of 15% & 16%) respectively, consistent with the gold rate increase. This H1 growth includes a Same-Store Sales Growth (SSSG) of 7.5%. The Stud Ratio also rose to 12% riding on growth in demand for diamond jewellery by 31%. We continued our expansion mission, ending Q2FY26 with 192 showrooms. We are also thrilled to report a record-breaking Dhanteras and Diwali period on October 25, achieving our highest-ever monthly retail sales of over Rs ~1,700+ crore despite lifetime-high gold prices. We are now fully prepared to meet the strong demand for the upcoming wedding season and will continue to launch exciting new designs totalling 200k+ Gold and 100k+ diamond jewellery designs. Given this strong performance, we reiterate our RoY guidance of approx. 20% topline growth and are on track to launch another 6-8 showrooms in the remainder of FY26. We will continue to work towards stock optimisation & improvement of Inventory turns amidst such high inventory levels; while fulfilling customer budgets and demand in the current market scenario with innovative, lightweight, and budget-friendly designs, to improve ROE and ROCE from present levels.” Sanjay Banka (Group CFO & Head IR) said: “Adding to the strategic update, I am pleased to share that our H1 results showcase not just strong growth, but improved profitability. Our consolidated adjusted EBITDA growth is 52% YoY to Rs 290.1 crore, while PAT surged by 80% YoY to Rs 153.4 crore. Our H1 EBITDA margin expanded YoY by 310 basis points to 8.6% driven by a combination of strong brand image, pricing edge supported by improved product mix and higher stud ratio of 12%. Our inventory levels increased to Rs 4309.2 crore mainly due to the gold price rise of GML and stocking for Dhanteras Sale & New showrooms opened. Despite the capital requirements for this inventory, our balance sheet remains robust with Net Debt at Rs 1578.4 crore and a comfortable Debt-to-Equity ratio of 0.75 (including GML). Looking ahead, the strong festive sales in October 25 driving a YTD retail growth of 25% give us confidence for solid H2 performance. As we move into H2, our priority is to maintain this financial discipline, build up stock for upcoming wedding seasons and Q4 and ensure cash flow availability for business growth. The GML availability has improved, and we will enhance GML level back to 65% level to improve the blended ROI and maintain strict vigil on various levers of growth and operating efficiency to enhance ROE and ROCE by year-end.” Result PDF