Shares of PC Jeweller surged 5.53% to ₹15.84 on Monday, August 4, reacting positively to the company’s robust Q1FY26 performance and its renewed focus on debt reduction. The stock hit an intraday high of ₹15.88 and is currently trading near its 52-week high of ₹19.65.
For the quarter ended June 2025, PC Jeweller reported a 4.5% year-on-year rise in net profit at ₹161 crore. Revenue jumped 80.8% to ₹725 crore, driven primarily by strong domestic sales, as the company has no export exposure. EBITDA more than doubled to ₹128 crore from ₹52 crore a year ago.
However, the company’s finance costs rose sharply to ₹42 crore from ₹2 crore, indicating debt servicing remains a challenge.
To tackle this, the board on July 10 approved raising up to ₹500 crore through preferential allotment via private placement. This comes after a prior move to bring in promoter and Capital Ventures Pvt Ltd equity infusion to repay loans.
PC Jeweller operates 51 showrooms (including 3 franchise stores) across 37 cities, though it closed its Jamshedpur showroom during the quarter.
The company reiterated its aim to become debt-free by FY26-end, which could strengthen investor sentiment moving forward.
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