Senco Gold Limited · NSE:SENCO
Senco Gold — Q3 FY2026 Earnings Presentation
51 slides from Senco Gold's earnings presentation, Feb 12, 2026
Slide 1: Stock exchange filing cover letter
Ref: SEC/SE/93/2025-26 Date: 12th February 2026 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 Q3 & 9M-FY26 Results
India’s 2nd Most Trusted Jewellery Brand* *5th year in a row INVESTOR PRESENTATION Q3 & 9M-FY26 Results 12th February, 2026 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)
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 3120+ Most Trusted Jewellery Years of legacy Generation Leadership Team Strength Brand in India 18 128 Towns & Cities and 196 Showrooms (including 5.78 Lac States & UT Presence 2 in Dubai 83 Franchisee, 8 Sennes and 2 UAE) Sq Ft Total Retail Area 3.15 Mn+ 66% Rs 60,270
Slide 5: Q3 & 9M-FY26 Performance
Q3 & 9M-FY26 Performance
Slide 6: Management Remarks
Management Remarks We are pleased to report a quarter of historical success, crossing Rs 3,000 Cr revenue, Rs 400 Cr EBITDA and Rs 264 Cr PAT for the quarter. This performance reflects the unwavering confidence of the Indian consumer and the deep trust they place in Brand Senco across India. Despite
Slide 7: Q3 & 9M FY26 Consolidated Operational Highlights
Q3 & 9M, FY 26 Consolidated Operational Highlights ❖ 63% Average YoY gold price rise: Gold prices averaged INR 12,654/gm in Q3 FY26, up by 63% YoY and 23% QoQ, peaking at a historic high of Rs 1,40,000/10gm. This led to almost 43% old gold exchange and an increase in Average Transaction Value (ATV)
Slide 8: Quarterly and Nine-Months Standalone Income Statement
Quarterly and Nine-Months Standalone Income Statement Sl. Particulars (INR Mn) Q3 FY26 Q3 FY25 YoY (%) Q2 FY26 QoQ (%) 9M FY26 9M FY25 YoY (%) FY25 FY24 FY23 FY22 1 Revenue from Operations 30,322.9 20,230.9 50% 15,543.2 95% 64,111.8 48,967.3 31% 62,586.8 52,296.6 40,755.6 35,346.4 2 Cost of Goods So
Slide 9: Quarterly and Nine-Months Consolidated Income Statement
Quarterly and Nine-Months Consolidated Income Statement Sl. Particulars (INR Mn) Q3 FY26 Q3 FY25 YoY (%) Q2 FY26 QoQ (%) 9M FY26 9M FY25 YoY (%) FY25 FY24 FY23 FY22 1 Revenue from Operations 30,709.8 20,459.8 50% 15,361.2 100% 64,333.7 49,503.6 30% 63,280.7 52,414.4 40,774.0 35,346.4 2 Cost of Goods
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet Sl. Particulars (INR Mn) As at As at As at Particulars (INR Mn) As at As at As at Dec-25 Mar-25 Mar-24 Dec-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 Equit
Slide 11: 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 12: Quarterly Performance Trend - Consolidated
Quarterly Performance Trend- Consolidated (Q3FY26) Total Income and Avg Gold Price Trend 31,011 20,587 20,000 18,449 16,611 15,539 14,162 15,154 15,000 13,493 13,148 13,924 13,545 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
Slide 13: Key Operational Metrics (Standalone)
Key Operational Metrics (Standalone) Showroom Presence In India Revenue Growth – Total & SSSG 5yrs CAGR Stud Ratio 33% ~20% 11.4% 250 35% 10.9% 10.9% COCO Showrooms (111), FOFO (75), FOCO (8) and 29% 30% 10.0% Sennes( 8) 30% 27% 200 194 174 8 25% 8.0% 159 4 21% 21% 19% 150 136 83 20% 127 72 15% 15%
Slide 14: 5 Years' Performance - Consolidated
5 Years’ Performance - Consolidated (9MFY26) Revenue from Operations EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 70,000 63,281 64,334 4,500 4,174 8,000 4,000 60,000 6,947 52,414 7,000 3,500 50,000 40,774 6,000 10.8% 3,000 6.5% 40,000 35,346 5,000 4,251 2,500 3,755 2,018 9M 1,810 3,166 4,000 1,58
Slide 15: Key Financial Metrics - Consolidated
Key Financial Metrics - Consolidated ROCE & ROE Cash Conversion Cycle-CCC Capital Employed & Net worth 25.0% 180 46,199 158 152 160 19.4% 19.2% 136 139 37,393 19.0% 140 18.2% 20.0% 16.8% 118 16.3% 15.7% 28,639 120 15.0% 14.3% 100 23,712 21,248 10.7% 80 19,703 9.6% 15,889 13,655 10.0% 60 40 9,455 7,2
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 64,334 20. 00% 18. 00% The company offers a
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 QIP and Share Split launched in Kolkata. 2016 2025 2007 - Mr Suvankar Sen j
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 196 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
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: Key Campaigns & Collection Highlights
Key Campaigns & Collection Highlights Vivaah Collection – Bridal Jewellery Senco Di Wedding – Wedding Campaign Cloud 9 Collection – 9KT Jewellery Embark on a journey of elegance and grace with An exclusive wedding campaign celebrating love stories beyond the The Cloud 9 Collection introduces 9KT gol
Slide 27: 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 46,100 ~INR 92,200 • Presence: 6 showrooms offering • Presence: 1
Slide 28: Diverse Brands From Aspirational to Premium
Diverse Brands From Aspirational to Premium Senco Everlite Gossip Aham Perfect Love Sennes Price Range INR 20,500– INR INR 7100 – INR 11,41,000 INR 500 – INR 12,000 INR 14,600 – INR INR 35,000 – INR LGD – INR 5000 onwards 48,60,000 39,42,000 4,78,000 Fragrance – INR 800 to INR 2400 Bags – INR 2500 t
Slide 29: 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 999 to INR 10,199 INR 8000 to INR 29800 INR 990 to INR 2990 Starting from INR 5000 Presenc
Slide 30: 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 800 for Gold and Rs 890 for Silver. My Digi Gold: Enables customers to buy, sell, and accumulate gold in small
Slide 31: 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 32: Marketing & Distribution
Marketing & Distribution
Slide 33: Omni-Channel Retail Network: Phygital Strategy
Omni-Channel Retail Network: Phygital Strategy OMNI CHANNEL HYPERLOCAL 196 Showrooms Over ~91% of Own showrooms are leased Hub & Spoke Ai based Fulfillment Model Recommendation Order Processing ‘MySenco’ and Campaign app with almost Management 5.14 Lakhs + App Upto December 2025 Websites & Apps senc
Slide 34: 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 35: Expanding Pan-India Retail Footprint
Expanding Pan-India Retail Footprint Region Own Franchisee Total West Bengal incl Kolkata 46 59 105 North including Delhi NCR 24 3 27 East(Excluding WB) 13 14 27 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 36: Accelerating Growth Through Digital Channels
Accelerating Growth Through Digital Channels 95% YoY growth in digital sales (as on FY25) 8.5 Mn+ website visits ~26,400 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 growt
Slide 37: Driving Pan India Brand Loyalty
Driving Pan India Brand Loyalty Endorsed by Our Ambassadors National Ambassadors Regional Ambassadors Marketing expense & % of Revenue 1400 2.5 0% 1200 1.99% 1.97% 2.03% 1.68% 2.0 0% 1000 1.5 0% 800 Kiara Advani Vidya Balan Madhumita Sarcar Swastika Dutta 1303 600 1,066 1,034 1.0 0% 810 400 0.5 0% 2
Slide 38: Strategy
Strategy
Slide 39: 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 40: 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 41: 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 42: Industry
—— Industry
Slide 43: 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 44: 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 45: 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 46: ESG & CSR
ESG & CSR
Slide 47: Beyond the Shine: Senco's ESG Value System
Beyond the Shine: Senco’s ESG Value System Environment Social Governance Sustainable Sourcing & Inclusive Growth Commitment Diversity, Equity & Inclusion (DEI) Ethical Business Conduct to sourcing ethically and environmentally responsible Promote a diverse, equitable and inclusive Maintain strict bu
Slide 48: Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) Growing up Mangroves-Project Swarna Growing up Mangroves-Project Swarna Retail Orientation session-SHIVSWAY for HS Students of East Calcutta Girls College Power Breakfast at AlinVillage Inauguration of Library cum Digital Resource Sundari- Hingalgunj Sundarban (
Slide 49: Shareholding Pattern
Shareholding Pattern Sl No. Category Holding % 1 Promoters 64.46% 2 Foreign Institutional Investors 8.22% 3 Mutual Funds 7.12% 4 Qualified Institutional Buyer 4.06% 5 Alternative Investment Funds 0.90% Shareholding Pattern as on 31st December, 2025 6 Public Shareholders 15.24% Mutual Funds, 7.12% Sl
Slide 50: Definition and Abbreviation
Definition and Abbreviation Sl No Short Form Long Form Details 1. ROE Return on Equity PAT/Avg Net worth 2. ROCE Return on Capital Employed EBIT (PBT- Finance Cost)/Avg Capital Employed (Avg Net wroth + Avg Borrowing incl. GML) 3. Net Debt Net Debt Total Borrowings (incl. GML) less Cash/Bank/FD/Marg
Slide 51: 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