Overview
- Senco reported a 51% year-on-year rise in December-quarter sales and revenue, with nine-month growth at 31% and trailing twelve-month revenue topping Rs 8,000 crore.
- Retail revenue grew 49% in Q3 and same-store sales rose 39%, while diamond jewellery sales increased 36% year on year.
- The stock jumped as much as 14% to an intraday high of Rs 369 on January 7 following the business update and an upbeat outlook for the March quarter.
- Antique Stock Broking kept a Buy rating and raised its target price to Rs 600, lifting FY26–FY28 estimates and modeling revenue, Ebitda and earnings CAGRs of 19%, 26% and 38%.
- Senco opened four showrooms in Q3 to reach 196 stores and remains on track for roughly 200 in FY26, as it prepares for wedding-season demand and refines inventory toward lighter, budget-focused pieces given elevated gold prices.