Senco Gold posts 260% profit surge and buys into Melorra
The jeweler hit ₹574 crore in profit for FY26 as revenue climbed 33%. It is now acquiring a 68% stake in the parent company of digital brand Melorra.
— 2 earlier stories on Senco Gold Ltd. →What's new
- FY26 revenue reached ₹8,430 cr, a 33% increase over the previous year.
- The board recommended a final dividend of ₹1 per share.
- Senco is acquiring a 68% stake in August Jewellery, the owner of the Melorra brand.
Why this matters
The results confirm the growth trajectory Senco outlined in its May business update, leaving little room for earnings surprises. The Melorra deal is the real pivot here, as it forces Senco to prove it can manage a digital-first brand alongside its traditional retail footprint.
What we're watching
- Regulatory approval timelines for the August Jewellery acquisition.
- Integration costs associated with the Melorra brand.
- Whether the digital channel maintains the margins seen in the core business.
The full read
Senco Gold closed FY26 with ₹8,430 crore in revenue, a 33% jump that pushed net profit to ₹574 crore. That is a sharp rise from the ₹159 crore reported in FY25, with earnings per share climbing to ₹35.08 from ₹10.09. The results are consistent with the business update provided in May, meaning the market had already priced in this growth. The board also declared a dividend of ₹1 per share. Beyond the numbers, Senco is moving into the digital-first space by acquiring a 68% stake in August Jewellery, the parent company of the Melorra brand. While this adds a new direct-to-consumer channel, it introduces fresh execution risk. The company must now show it can scale a digital brand without diluting the margins of its core retail business. The next test is the regulatory path for the Melorra deal.
Questions answered
- How did Senco Gold perform in the final quarter?
- Q4 revenue reached ₹1,997 crore, marking a 45% increase compared to the same period last year.
- What is the status of the Melorra acquisition?
- Senco has signed an agreement to acquire a 68% stake in August Jewellery Private Limited, the parent of the Melorra brand. The deal is currently pending regulatory clearance.
- What dividend did the board declare?
- The board recommended a final dividend of ₹1 per share for the fiscal year.
- How does this result compare to earlier guidance?
- These audited figures align closely with the preliminary business update the company provided in early May.
Story so far
All notes on SENCO →- 26 May 2026 · 9:15 PM IST Senco Gold posts 260% profit surge and buys into Melorra
- today Senco Gold confirms Q4 results as growth hits 45%
- today Senco Gold confirms FY26 results with no material surprises