Senco Gold Limited · NSE:SENCO
Senco Gold — H1 FY2026 Earnings Presentation
49 slides from Senco Gold's earnings presentation, Nov 13, 2025
Slide 1: Exchange filing cover letter for investor presentation
Ref: SEC/SE/70/2025-26 Date: 13th November 2025 The Manager- Listing The Manager – Listing The National Stock Exchange of India Limited BSE Limited “Exchange Plaza”, Bandra – Kurla Complex, Bandra Corporate Relationship Department (EAST), Mumbai – 400051 Phiroze Jeejeebhoy Towers, Dalal Street, Mumb
Slide 2: Investor Presentation Q2 & H1-FY26 Results
India’s 2nd Most Trusted Jewellery Brand* INVESTOR PRESENTATION Q2 & H1-FY26 Results 12th November, 2025 All figures are in INR Mn unless otherwise stated BSE – 543936 NSE - SENCO Bloomberg – SENCO:IN MSCI India Domestic Small Cap Index Constituent (Since August 2024) *5th year in a row
Slide 3: Disclaimer
Disclaimer This presentation has been prepared for general information purposes in respect of Senco Gold Limited (“Company”) together with its subsidiaries, as applicable (together, with the Company, the “Group”) only, without regard to any specific objectives, suitability, financial situations and
Slide 4: Company Highlights
Company Highlights 85+ 4th 2nd 3,045+ Most Trusted Jewellery Years of legacy Generation Leadership Team Strength Brand in India 17 125 Towns & Cities and 192 Showrooms 5,65,000 States & UT Presence 2 in Dubai 79 Franchisee and 8 Sennes Sq Ft Total Retail Area 3 Mn+ 61% Rs 56,700 7.5% Loyal Customers
Slide 5: Q2&H1-FY26 Performance
Q2&H1-FY26 Performance
Slide 6: Management Commentary
Management Commentary 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 Shraddh period, heavy rainfalls and floods in the eastern regi
Slide 7: Diwali & Dhanteras Update
Diwali & Dhanteras Update (Oct 25 / 7 months) Revenue from Operations (Rs Mn) 80,000 74000 70,000 • TTM revenue crosses Rs 7400 Cr mark. 60,000 50,000 48,000 38,658 40,000 30,000 17,186 • Highest-ever retail sale of Rs ~1700 Cr+, registering a robust 56% YoY 11,007 growth over Oct 24. This includes
Slide 8: Q2 & H1 FY26 Operational Highlights
Q2 & H1, FY 26 Operational Highlights ❖ 43% Average YoY Gold Price rise: Gold prices averaged INR 11,650/gm in Q2 FY26, up 8% QoQ and 43% YoY, marking the highest-ever level. This led to almost 34% old gold exchange as against 39% in Q1FY26 and 42% in Q2FY26. Higher prices and product mix also led t
Slide 9: Quarterly and Half-Yearly Standalone Income Statement
Quarterly and Half-Yearly Standalone Income Statement Sl.No Particulars (INR Mn) Q2 FY26 Q2 FY25 YoY (%) Q1 FY26 QoQ (%) H1FY26 H1FY25 YoY (%) FY25 FY24 FY23 FY22 1 Revenue from Operations 15,543.2 14,586.8 6.6% 18,245.7 (14.8)% 33,788.9 28,736.4 17.6% 62,586.8 52,296.6 40,755.6 35,346.4 2 Cost of G
Slide 10: Quarterly and Half-Yearly Consolidated Income Statement
Quarterly and Half-Yearly Consolidated Income Statement Sl.No Particulars (INR Mn) Q2 FY26 Q2 FY25 YoY (%) Q1 FY26 QoQ (%) H1FY26 H1FY25 YoY (%) FY25 FY24 FY23 FY22 1 Revenue from Operations 15,361.2 15,004.9 2.4% 18,262.8 (15.9)% 33,623.9 29,043.8 15.8% 63,280.7 52,414.4 40,774.0 35,346.4 2 Cost of
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet Sl. No. Particulars (INR Mn) As at As at As at Particulars (INR Mn) As at As at As at Sep-25 Mar-25 Mar-24 Sep-25 Mar-25 Mar-24 EQUITY AND LIABILITIES ASSETS Unaudited Audited Audited Unaudited Audited Audited 1 Equity & Non Current Liabilities Non Current Assets 2 Total E
Slide 12: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Sep-25 Sep-24 FY25 FY24 Sl. No. Particulars (INR Mn) Unaudited Unaudited Audited Audited A Cash Flow from Operating Activities 1 Profit/(loss) before Tax and Exceptional Items 1,996.5 871.7 2,178.6 2,495.4 2 Adjustments for: 3 Depreciation and Amortisation Expense 37
Slide 13: Performance Trend- Consolidated (Q2FY26)
Performance Trend- Consolidated (Q2FY26) Total Income Trend 20,587 20,000 18,449 16,611 15,539 14,162 15,154 15,000 13,493 13,148 13,924 11,576 11,501 11,650 10,123 9,201 9,608 8,213 9,020 7,807 10,000 6,362 7,208 7,232 5,244 5,244 5,235 5,716 6,016 5,924 6,113 5,000 - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Slide 14: Key Financial Metrics- Consolidated (H1FY26)
Key Financial Metrics- Consolidated (H1FY26) Revenue from Operations EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 2,500 63,281 70,000 4,251 2,018 4,500 60,000 52,414 4,000 3,755 2,000 1,810 50,000 3,500 3,166 1,585 1,534 40,774 2,772 2,901 35,346 3,000 1,500 1,291 40,000 33,624 2,500 8.60% 29,044
Slide 15: Key Operational Metrics (Standalone)
Key Operational Metrics (Standalone) Franchisee Showrooms Revenue Revenue Growth – Total & SSSG Gold Sourcing 33% 2% 3% 0% 1% 35% 35% 35% 31% 31% 35% 36% 29% 17% 19% 20% 30% 27% 22% 25% 25% 16% 21% 29% 19% 27% 32% 20% 17% 22% 35% 15% 15% 62% 62% 65% 64% 63% 64% 15% 10% 10% 8% 45% 49% 50% 46% 40% 5%
Slide 16: Company
Company
Slide 17: Company Overview
Company Overview Senco Gold Limited, with a legacy of over eight decades of family business legacy, was incorporated Consolidated Revenue (INR Mn) & EBITDA Margins (%) in 1994 as a corporate entity, is a leading jewellery retailer in India. 70, 000 63,281 20. 00% 18. 00% The company offers a wide ra
Slide 18: Eight Decades of Heritage, Innovation & Growth
Eight Decades of Heritage, Innovation & Growth Franchisee Model And Largest Showroom 2000 - Opened first franchisee showroom in Durgapur, West Bengal. 2004 - Largest showroom with an area of 8,000 sq. ft. Introduced Everlite launched in Kolkata. 2016 2007 - Mr Suvankar Sen joined the family business
Slide 19: Legacy-Driven Leadership, Future-Focused Vision
Legacy-Driven Leadership, Future-Focused Vision Shri Maran Chand Sen Shri Prabhat Chandra Sen Born to a school principal, Shri Maran Chand Sen began his Shri Prabhat Chandra Sen, son of Shri Maran Chand Sen, jewellery business in Tanti bazar, Dhaka, in 1938. Following embarked on his entrepreneurial
Slide 20: Strategic Board Leadership Inspiring with Vision
Strategic Board Leadership Inspiring with Vision JOITA SEN RANJANA SEN SUVANKAR SEN Whole Time Director & Executive Chairperson Managing Director and CEO Head Marketing & Design • 20+ years of experience in the jewellery • Experience of 16+ years in jewellery • Over 30 years of experience in the jew
Slide 21: Celebrating Milestones of Trust and Credibility
Celebrating Milestones of Trust and Credibility Visionary Woman Entrepreneur 2nd most trusted brand award by The Young Business Leader by in Gold & Diamond Jewellery by TRA Research in 2025 Sanmarg 2023 Times Business Awards 2025 The Rising Star, 40 Under 40 Ratnagarbha Award for Best Hedger Award b
Slide 22: Competitive Edge: Strong Fundamentals, Stronger Position
Competitive Edge: Strong Fundamentals, Stronger Position Pan-India Presence, Market Leader in East Multi-Brand Portfolio Targeting Diverse Consumers With 186 stores and strong market share in Eastern India, Senco has a solid Strategically expanded beyond its core gold and diamond regional stronghold
Slide 23: Business
@8 © 808" Business
Slide 24: Robust Value Chain for Seamless Collaboration and Growth
Robust Value Chain for Seamless Collaboration and Growth Customer Manufacturing Sourcing & Sales & Marketing Procurement Finance and Human Resources Planning & Monitoring Procurement Advantage Manufacturing • De-risking the business from gold price fluctuations • Jewellery crafted by skilled Karigar
Slide 25: Building Momentum Through Purposeful Promotions
Building Momentum Through Purposeful Promotions Financials Company Business Marketing & Distribution Strategy Industry ESG & CSR 24
Slide 26: Customer Centric Showrooms to Enhance Experience
Customer Centric Showrooms to Enhance Experience Classic Everlite • Target Audience: Buyers seeking • Target Audience: Younger generation timeless elegance & millennials • Average Ticket Value (ATV): • Average Ticket Value (ATV): ~INR 38,700 ~INR 84,900 • Presence: 6 showrooms offering • Presence: 1
Slide 27: Diverse Brands From Aspirational to Premium
Diverse Brands From Aspirational to Premium Senco Everlite Gossip Aham Perfect Love Sennes Price Range INR 5,000 – INR INR 9,500 – INR 1,20,000 INR 2,000 – INR 40,000 INR 15,000 – INR INR 25,000 – INR LGD – INR 5,000 onwards 40,00,000 35,00,000 2,00,000 Fragrance – INR 880 to INR 2,900 Bags – INR 9,
Slide 28: Sennes: Redefining Modern Luxury
Sennes: Redefining Modern Luxury Products Lab-grown Diamond jewelleries Leather Bags & Accessories Fine Fragrances for Him & Her Range of products Fashionable leather Accessories Leather Bags Fragrance LGD INR 650 to INR 7,500 INR 9,000 to INR 30,000 INR 880 to INR 2,900 Starting from INR 5,000 Pres
Slide 29: Digital Platforms for GenZ and Convenience
Digital Platforms for GenZ and Convenience MY DIGI GOLD Digital-first investment platforms by Senco, designed MY DIGI SILVER to make precious metals accessible, affordable starting with Rs 500 and convenient. My Digi Gold: Enables customers to buy, sell, and accumulate gold in small denominations, w
Slide 30: Attractive Jewellery Purchase Plans
Attractive Jewellery Purchase Plans Encourages disciplined Strengthens customer stickiness jewellery savings, ensuring through long-term engagement and predictable demand flow. repeat purchases. Provides steady cash inflows, We also offer Marigold Scheme supporting working capital and under Fixed (
Slide 31: Marketing & Distribution
Marketing & Distribution
Slide 32: Omni-Channel Retail Network: Phygital Strategy
Omni-Channel Retail Network: Phygital Strategy OMNI CHANNEL HYPERLOCAL 192 Showrooms Over ~90% of Own showrooms are leased Hub & Spoke Ai based Fulfillment Model Recommendation Order Processing ‘MySenco’ and Campaign app with almost Management 5 Lakhs + App Upto September 2025 Websites & Apps sencog
Slide 33: Successful Asset-Light Franchise Model
Successful “Asset-Light” Franchise Model Strategic Advantage of Dual Franchise Formats (FOFO & FOCO) ▪ Leverage the hub-and-spoke model to strategically expand into Tier-III and Tier-IV cities under the broader Bharat Strategy. ▪ Provide end-to-end support to start operations, including store design
Slide 34: Expanding Pan-India Retail Footprint
Expanding Pan-India Retail Footprint Region Own Franchisee Total West Bengal incl Kolkata 46 58 104 North including Delhi NCR 24 1 25 East(Excluding WB) 13 13 26 North East 2 5 7 West 8 1 9 South 5 0 5 Chandigarh - 2 Dehradun - 1 Central 5 1 6 Gurgaon - 2 Ghaziabad - 1 International-Dubai 2 0 2 Gang
Slide 35: Accelerating Growth Through Digital Channels
Accelerating Growth Through Digital Channels 32% YoY growth in digital sales (as on FY25) 7 Mn+ website visits 11,792 orders fulfilled through e-commerce channels (as on FY25) Also available on Expanding our digital footprint with strong adoption across e-commerce and app platforms, driving growth i
Slide 36: Driving Pan India Brand Loyalty
Driving Pan India Brand Loyalty Endorsed by Our Ambassadors National Ambassadors Regional Ambassadors Marketing expense & % of Revenue 1200 2.48% 2.5 0% 1.97% 1000 1.99% 2.0 0% 1.68% 800 810 1,034 1,066 835 1.5 0% Kiara Advani Vidya Balan Madhumita Sarcar Swastika Dutta 600 1.0 0% 400 0.5 0% 200 0 0
Slide 37: Strategy
Strategy
Slide 38: Strategies to Drive Future Growth
Strategies to Drive Future Growth Passionately driving sustainable and profitable growth ▪ Sustain, strengthen and leverage the franchisee model to drive growth in Tier 3 1 and Tier 4 towns across India ▪ Enhance asset utilization and drive revenue CAGR through strong Same Store Sales Growth (SSSG)
Slide 39: Digital Focus and Integrated Systems
Digital Focus and Integrated Systems Driving growth through digital focus and integrated systems with AI-powered campaign management, Martech automation, NLP-based 08 01 ERP driven organization integrated with all critical business operations giving real search and chatbots, personalized time contro
Slide 40: Gold Price Risk Management & Hedging
Gold Price Risk Management & Hedging Hedging Mechanism Inventory Hedging Sales Hedging (Daily/Weekly) (Minimum 50% of gold inventory value as per board policy) (90%-110%) Hedge % range from ~60% to ~90% based upon price volatility Unfixed Gold Metal Loan(GML) MCX Futures & Options Old Gold Trading J
Slide 41: Industry
—— Industry
Slide 42: India's Gems and Jewellery Market likely to Scale to TAM of $130 Billion
India’s Gems and Jewellery Market likely to Scale to TAM of $ 130 Billion India’s Gem and Jewellery Sector (USD Bn) Rising Share of Organized Retail In Jewellery To Continue 150 50% 68% 60% 90 95% 94% 70 48 50% 32% 40% 5% 6% FY18 FY23 FY25 FY33E 2000 2007 2020 2025 2029E Organised Unorganised Bridal
Slide 43: India's Gems and Jewellery Market: Rural Bharat Leads Demand
India’s Gems and Jewellery Market: Rural Bharat Leads Demand Breakup of Indian Jewellery Market into Gold, Breakup of Gold Consumption by Jewellery Studded and Other and Bars & Coins India is the 2 largest gold market in the world nd 3% 4% 4% 66% 62% 12% 12% 13% 38% 3 Highest component of retail con
Slide 44: Consistent Shift from Unorganized to Organized Jewellers
Consistent Shift from Unorganized to Organized Jewellers Changing Consumer Trends Regulatory Developments Demonetization: Evolution of Consumer Preferences: Transparency Enhanced Through Cashless Transactions Market Transparency, Product Purity, and quality benchmark GST: Implemented Tax Compliance
Slide 45: ESG & CSR
ESG & CSR
Slide 46: Beyond the Shine: Senco's ESG Value System
Beyond the Shine: Senco’s ESG Value System Environment Social Governance Sustainable Sourcing & Inclusive Growth Diversity, Equity & Inclusion (DEI) Ethical Business Conduct Commitment to sourcing ethically and Promote a diverse, equitable and inclusive Maintain strict business ethics, anti-corrupti
Slide 47: Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) Growing up Mangroves-Project Swarna Growing up Mangroves-Project Swarna Retail Orientation by SHIVSWAY Students of New Alipore Sundari - Hingalgunj Sundarban (WB) Sundari - Hingalgunj Sundarban (WB) at New Alipore College, Kolkata College attending the session S
Slide 48: Shareholding Pattern
Shareholding Pattern Top Shareholders as on 30th September 2025 Holding % WHITEOAK 3.15% TATA AIA LIFE INSURANCE CO LTD UNIT LINKED INDIA C 2.07% Shareholding Pattern as on 30th September, 2025 BANDHAN SMALL CAP FUND 1.90% Mutual Funds, 6.53% Alternative Investment BANK OF INDIA SMALL CAP FUND 1.78%
Slide 49: Thank You
THANK YOU Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903 9500 For further information, please contact CIN: L36911WB1994PLC064637 Email: Telephone: +91 33 4021 5000 Sanjay Banka senco@valoremadvisors.com Email: IR@sencogold.co.in Group CFO & Head IR Investor Kit Link: Website: https://www.sencogol