EBITDA margin expanded sharply to 23% in Q3 from 17.5% a year earlier, reflecting better cost efficiencies and higher operating scale. Profit before tax for the quarter stood at ₹189 crore, compared with ₹146 crore in Q3FY25.
Read more: Markets recover from volatility, Sensex rises 320 points, Nifty closes above 25,150
For the nine months ended December 31, 2025, the company reported revenue of ₹2,426 crore, up 57% year-on-year, while profit before tax rose 58% to ₹557 crore. Net profit for the nine-month period stood at ₹562 crore, compared with ₹483 crore in the year-ago period.The company said it continues to make progress towards becoming debt-free, having reduced outstanding debt by around 68% since the execution of its settlement agreement with banks in September 2024. PC Jeweller expects to realise the remaining funds from the conversion of preferential warrants by March 2026, which it said would fully cover residual bank debt.
On the business front, the board approved plans to open up to 100 large franchise showrooms over the next 12–18 months as part of its expansion strategy, without additional capital investment. The company has also signed an MoU with the Uttar Pradesh government under the CM-YUVA scheme to support the rollout of jewellery franchise units in rural and semi-urban areas.
Also Read: Explained — What led to a 6% drop in Mahindra & Mahindra shares on Tuesday
The board also approved the appointment of Vivek Jain as Chief Information Officer, effective February 1, 2026, while accepting the resignation of Sheiba Anand as President (Retail Operations).
Shares of PC Jeweller closed 1.03% higher at ₹10.80 ahead of the Q3 earnings announcement on Tuesday. The stock has surged 22.45% in the past one month.
