PC Jeweller jumps 6% after repaying 2 consortium banks; eyes debt-free status by Q2 FY27

Shares of PC Jeweller rallied 6.5% to Rs 10.01 on the BSE on Wednesday after the company announced it had repaid all its outstanding debt under the settlement agreement dated September 30, 2024, with two of its 14 consortium banks, as it works towards becoming debt-free in the current quarter.

“This marks the beginning of a significant milestone in the company’s ongoing turnaround journey,” the company said in a regulatory filing on July 7. According to the company, repayment of the remaining outstanding debt and attaining debt-free status during the ongoing quarter will significantly improve its financial position in the coming periods.

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This comes just days after the company issued an update on its Q1 numbers. The company reported a strong operational performance in Q1 FY27, with consolidated revenue growing approximately 21% year-on-year (YoY). PC Jeweller also said it continues to make rapid progress toward its goal of becoming debt-free and expects to achieve that milestone during the current quarter.

PC Jeweller Q4 snapshot

The company reported a 58% increase in Q4 net profit to Rs 150 crore, higher from Rs 95 crore in the year-ago period.

PC Jeweller reported strong operational performance for the quarter, supported by sustained consumer demand and steady sales momentum. Standalone revenue for Q4 FY26 rose 33% year-on-year (YoY) to Rs 927 crore, compared with Rs 699 crore in the corresponding quarter last year. For the full financial year FY26, the company posted revenue of Rs 3,353 crore, marking a 49% increase over Rs 2,243 crore reported in FY25.

EBITDA for the March quarter stood at a profit of Rs 180 crore, up 25% from Rs 144 crore in Q4 FY25, aided by operating leverage and improved cost efficiencies. On a full-year basis, EBITDA rose 67% to Rs 861 crore in FY26, compared with a profit of Rs 517 crore in the previous financial year.

Read more: Gold’s sharp correction: What lies ahead for prices?In the previous quarter, the company received enquiries and feedback from prospective business partners regarding establishing large-format franchise showrooms. The company believes this expansion strategy could help it gain market share from the unorganised sector without requiring additional capital investment.

PC Jeweller share price is up 6% in 2026.

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