Analysts/Institutional Investor Meet/Con. Call Updates

Ref: SEC/SE/45/2026-27 Date: 18th August 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, Mumbai - 400001 NSE SYMBOL: SENCO BSE SCRIP CODE: 543936 Dear Sir(s)/ Madam(s), Sub: Earning Call Transcript pertaining to the Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June 2026 Pursuant to Regulation 30 and 46(2) (oa) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of Analysts/Investors Earning Conference Call organized on 12th August 2026 post declaration of the Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June 2026. The transcript shall also be available on the website of the Company. This is for your information and records. Yours sincerely, For SENCO GOLD LIMITED Mukund Chandak Company Secretary & Compliance Officer Membership No. A20051 Encl: As above “Senco Gold Limited Q1 FY27 Earnings Conference Call” August 12, 2026 MANAGEMENT • Mr. Suvankar Sen - Managing Director and Chief Executive Officer - Senco Gold Limited • Mr. Sanjay Banka - Group Chief Financial Officer & Head IR - Senco Gold Limited MODERATOR • Mr. Amit Purohit - Elara Securities QUESTIONERS • Viraj Mehta - Enigma Investment • Abhijeet - Antique Stock Broking • Saurav Bedia - Sameeksha Capital • Yash - Yedyna Investments • Amish - Knowise • Arvind - Individual Investor • Yash - Edelweiss • Vaishnavi - Anand Rathi Investments • Gunjan - GB Investments • Madhvendra - Individual Investor Page 1 of 16 Senco Gold Limited August 12, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Senco Gold Limited Q1 FY27 Earnings Call. As a reminder, all participants' lines will be in listen-only mode, and there will be an opportunity to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star, then zero, on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Amit Purohit from Elara Securities. Thank you, and over to you, sir. Amit Purohit: Good morning, everyone. On behalf of Elara Securities, we welcome you all to Senco Gold's Q1 FY27 Conference Call. I take this opportunity to welcome the management of Senco Gold, represented by Mr. Suvankar Sen, Managing Director and CEO, and Mr. Sanjay Banka, Group CFO and Head IR. We will begin the call with a brief overview by management, followed by a Q&A session. I will now hand over the call to the management for opening remarks. Over to you, sir. Suvankar Sen: Thank you very much. A very good morning to all the participants. Ladies and gentlemen, we are very pleased to inform you that, as we begin financial year 2026-27 with a positive mindset, we have delivered a strong Q1 performance, achieving record sales and crossing INR3,000 crores in a single quarter. The momentum achieved in financial year 2025-26 continues. As a growth-oriented company, we have always believed in beginning the year strongly, and we have tried our level best to deliver such a performance in the first quarter. If you look at revenue on a consolidated basis, we have grown by almost 67%. This reflects continued and renewed customer trust in the brand. At the retail level, we have grown by more than 50%, which has been a wonderful performance. We also need to keep in mind that this quarter presented both opportunities and challenges, especially with almost 65% to 70% of our business coming from Eastern India and West Bengal. We faced elections during the quarter and therefore had to plan from the previous quarter itself to ensure strong performance during Poila Boishakh and Akshaya Tritiya. I am happy to say, and I would like to congratulate my team, that the planning and execution that began 2-3 months before the quarter started were carried out very well. We also need to understand that the quarter faced certain headwinds, including Adhik Maas and the heat wave. Despite this, April was a wonderful month, in which we clocked sales of almost INR1,500-1,600 crores. In May and June, despite these headwinds, monthly sales moderated to an average of around INR500-600 crores in each month. However, there was some support from the summer wedding season, and we continuously introduced schemes, discounts and offers to keep customers coming into the stores. There were challenges in terms of footfalls, but our innovative schemes and attractive old gold exchange Page 2 of 16 Senco Gold Limited August 12, 2026 programmes helped convert customers' old gold into diamond jewellery sales. Altogether, we had a wonderful quarter. Along with retail sales growth of 50% YoY in Q1, our same-store sales growth was almost 39%. This demonstrates the strong relationships our existing stores continue to maintain with customers through engagement, innovative designs and new collections. One observation I would like to make is that, at these high gold prices compared with the last financial year, customers have shifted towards lightweight, more delicate and design-led jewellery for daily wear and gifting, rather than simple, standard or old-fashioned jewellery. We must mention that diamond jewellery sales increased by almost 43% in value and 18% in volume. This gives a strong signal about design development, the shift in consumer preferences and the long-term impact these trends could have on margins as we work to increase the stud ratio. Another aspect is that lower-ticket-size items were in greater demand. Consumers remained inclined to buy jewellery despite the headwinds, but they wanted products within their budgets. We continuously analysed data and consumer trends and offered jewellery accordingly. We kept building our 9-carat, 14-carat, lower-carat and lightweight jewellery assortment throughout the quarter. Another aspect to keep in mind is the old gold exchange, which accounted for almost 43% of total sales quantity. Following the appeal by our Honourable Prime Minister to reduce gold imports into the country, I believe the industry collectively made strong efforts to encourage consumers to exchange their old gold. This also became an important driver of our overall numbers and helped customers upgrade their old jewellery. We have seen average gold prices rise by 61% year-on-year and by just 1% quarter-on-quarter. This has also been one of the drivers of value growth in sales, which has been partly led by the increase in gold prices. In terms of new stores added during the quarter, we added 3 company-owned, company-operated stores, 4 franchise stores and 1 Sennes showroom focused on lab-grown diamonds. The company remains on track to open another 12 to 15 stores during the remainder of the financial year, and these are very much in the pipeline. In line with our strategy, the majority of the stores we open will be franchise stores, with a focus on East and North India. This remains one of our strategic priorities. Looking ahead to Q2, Q1 is usually strong because of Akshaya Tritiya, New Year celebrations across various regions and the summer wedding season. Q3 and Q4 are typically led by festivities and weddings. Therefore, Q2 is seasonally softer in terms of overall sales. However, Q2 is the quarter in which we focus on planning and building inventory so that we are well prepared for the festive season. Another positive development is that, after softer consumer footfalls and sentiment toward the end of May and in June, we are seeing improvement in the market. Page 3 of 16 Senco Gold Limited August 12, 2026 As we move through July and August, we are seeing a substantial improvement in consumer sentiment and in customers' inclination to buy jewellery and prepare for their festive and wedding requir [Showing first 8,000 characters — download PDF for full document]