PC Jeweller delivered an impressive financial performance for Q1FY26, posting a 4.5% year-on-year rise in net profit at ₹161 crore. Revenue soared 80.8% to ₹725 crore, supported by domestic sales. The company does not foreign or export exposure.
EBITDA soared to ₹128 crore from ₹52 crore.
However, finance costs climbed to ₹42 crore from ₹2 crore, indicating ongoing debt servicing pressures.
As part of its strategy to become debt-free by FY26-end, the company’s board, in its July 10 meeting, approved a plan to raise up to ₹500 crore through preferential allotment on a private placement basis.
This follows an earlier decision to secure equity infusion from its promoters and Capital Ventures Pvt Ltd to accelerate loan repayment.
PC Jeweller stated in its press release that it remains focused on expanding its domestic footprint, operating 51 showrooms, including three franchise outlets, across 37 cities as of June 30, 2025.
Notably, its Jamshedpur showroom was closed during the quarter.
The company reaffirmed its commitment to repay outstanding bank loans in accordance with a settlement agreement and aims to be debt-free by the end of the current financial year, strengthening its financial foundation and boosting investor confidence.
Shares of PC Jeweller ended lower on Friday (August 1) by 3.58% at ₹15.09 on NSE.
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