Senco Gold Share Price Fall 15%, Slip Below IPO Price

Shares of Senco Gold dropped another 15% on February 17, falling below their IPO price of ₹317. This follows a sharp 19% decline on Friday, bringing the total 2-day loss to over 30%. The stock hit a low of ₹304.55, which is 29% below its IPO listing price of ₹431. The last similar drop was in October 2023, when the stock plunged 19% in a single session.

Weak Q3 FY25 Results Impact Stock Price

Senco Gold’s net profit for Q3 FY25 declined 69% year-on-year to ₹33.5 crore, compared to ₹109.3 crore in the same period last year. Adjusted profit after tax (PAT) also fell 50.9% YoY to ₹53.7 crore.

The company attributed the decline in EBITDA and PAT margins to customs duties. However, it expects an EBITDA margin of 7%-8% going forward.

Company’s Outlook for FY25 and FY26

Suvankar Sen, MD and CEO of Senco Gold stated that customs duty and hedging costs impacted Q3 by ₹70 crore, but these costs were already accounted for in Q2 and Q3, ensuring no impact in Q4 FY25. The company forecasts 18-20% revenue growth in FY25, with an EBITDA margin of 7%. For FY26, the EBITDA margin guidance is 7-8%. While demand for studded jewellery was weak in Q3, it is showing signs of recovery in Q4.

About Senco Gold Limited

Founded in 1994, Senco Gold Limited is a nationwide jewellery retailer and the largest organised jewellery brand in Eastern India by store count.

As of Monday, February 17, Senco Gold share price are trading 8.46% lower at ₹327.35. The stock has fallen over 40% so far in 2025.

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