PC Jeweller shares rose more than 4% in Friday’s trade after the company announced a robust business update for the quarter ended September 30, 2025. The strong performance was driven by festive season demand, aggressive debt reduction, and retail expansion.
The jewellery retailer reported a standalone revenue growth of about 63% year-on-year (YoY) in Q2 FY26, reflecting healthy consumer sentiment and higher sales during the festive season. The surge underscores PC Jeweller’s improving operational efficiency and recovery in the organised jewellery retail market.
On the balance sheet front, PC Jeweller continued to deliver on its deleveraging strategy. The company reduced outstanding bank debt by nearly 23% during Q2 FY26, following a 9% reduction in Q1. In the previous financial year, PC Jeweller had already cut its debt by more than 50%. With this pace, the company reiterated its target of becoming debt-free by the end of FY 2025-26.
Alongside financial discipline, PC Jeweller is also expanding its presence. During the quarter, the company added a new franchise-owned showroom in Pitampura, Delhi, strengthening its retail network. The move supports its long-term strategy of pursuing a balanced mix of company-owned and franchisee-led outlets across India.
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