Senco Gold Targets Over 25% Revenue Growth in FY27

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628 Senco Gold Ltd. (

) is targeting over 25% revenue growth in FY27, with revenue expected to reach approximately ₹10,500–₹11,000 crore, compared with ₹8,430 crore in FY26. The company plans to support this growth through further store expansion. It currently operates around 190 stores and plans to add about 20 stores during FY27, including 12–13 franchise stores and 6–7 company-owned stores. The expansion strategy is focused particularly on Tier II and Tier III cities. Why Is the Franchise Model Important? A franchise-led expansion can allow a company to increase its retail presence while reducing the capital required to open and operate every store itself. Senco expects its franchise-focused approach to keep FY27 capital expenditure at around ₹200–₹250 crore, with spending directed towards working capital, inventory and company-owned stores. What Could Drive the Growth? Senco's growth outlook depends on factors such as store additions, customer demand, wedding and festive purchases, product offerings and gold prices. The company is also focused on strengthening its presence in eastern India, which currently contributes a significant share of its revenue, while expanding further into other regions. The revenue target highlights Senco's strategy of combining franchise-led expansion with selective company-owned stores to increase its retail reach while managing capital requirements. The actual outcome will depend on execution, consumer demand and conditions in the jewellery market. Source: NDTV Profit No Recommendations