PC Jeweller Ltd has reported a strong performance in the second quarter of the 2025-26 fiscal, with revenue growing by approximately 63% year-on-year. The Delhi-based company, which has 52 showrooms, of which 49 are company-owned, also reduced its debt by 23% during the latest September quarter.
Strong Demand for Gold Jewellery Drives Revenue Growth
The company’s revenue growth was driven by strong consumer demand for gold jewellery during the festive season. In a regulatory filing, PC Jeweller shared its operational update for the July-September quarter of the 2025-26 fiscal, highlighting the achievement of standalone revenue growth of approximately 63% compared to the corresponding quarter of the previous financial year.
Debt Reduction On Track
PC Jeweller has been working towards reducing its debt and has made significant progress in this regard. The company has reduced its outstanding debt payable to banks by about 23% during the quarter, which is in addition to the reduction of 9% during the first quarter of this fiscal and more than 50% cut in the previous financial year. This debt reduction is in line with the company’s goal of becoming debt-free by the end of 2025-26.
Expansion of Retail Presence
During the quarter, PC Jeweller expanded its retail presence by opening a franchise-owned showroom in Pitampura, Delhi. The company has adopted a strategy of balanced growth through a mix of company-owned and franchise showrooms. This approach is expected to help the company expand its reach and increase its market share in the jewellery industry.
Confident About Future Performance
Looking ahead, PC Jeweller is confident about building on its strong performance in the upcoming quarters and is focused on reclaiming its leading market position, which it has held in the past. The company’s management is optimistic about the future prospects of the company and is working towards achieving its goals.
Financial Performance
PC Jeweller reported a sharp jump in its total income to Rs 807.88 crore during the April-June period of 2025-26 fiscal from Rs 439.78 crore in the corresponding period of the preceding year. The company reported a marginal 4% increase in its consolidated net profit to Rs 161.93 crore for the quarter ended June from Rs 156.06 crore in the year-ago period. However, the profit before tax nearly doubled to Rs 163.58 crore from Rs 84.64 crore during the period under review.
Share Price and Market Capitalisation
PC Jeweller’s share price closed at Rs 12.66 apiece on Wednesday on the BSE platform. The company’s market capitalisation stood at Rs 8,324.43 crore, while the PE ratio is around 15, according to the BSE website.
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Frequently Asked Questions (FAQs)
- What was the year-on-year revenue growth of PC Jeweller in the second quarter of the 2025-26 fiscal?
63% - How much did PC Jeweller reduce its debt by during the September quarter?
23% - What drove the revenue growth of PC Jeweller during the quarter?
Strong consumer demand for gold jewellery during the festive season - What is PC Jeweller’s goal regarding its debt by the end of 2025-26?
To become debt-free - How many showrooms does PC Jeweller have, and how many are company-owned?
52 showrooms, with 49 being company-owned
Frequently Asked Questions (FAQs)
- What was the year-on-year revenue growth of PC Jeweller in the second quarter of the 2025-26 fiscal?
63% - How much did PC Jeweller reduce its debt by during the September quarter?
23% - What drove the revenue growth of PC Jeweller during the quarter?
Strong consumer demand for gold jewellery during the festive season - What is PC Jeweller’s goal regarding its debt by the end of 2025-26?
To become debt-free - How many showrooms does PC Jeweller have, and how many are company-owned?
52 showrooms, with 49 being company-owned
Frequently Asked Questions (FAQs)
- How did PC Jeweller perform in its Q2 2025-26 update?
PC Jeweller reported a strong performance in the second quarter of the 2025-26 fiscal year. The company announced an approximate 63% year-on-year surge in standalone revenue and successfully reduced its outstanding bank debt by about 23% during the same July-September period. - What was the main reason for PC Jeweller’s significant revenue growth?
The primary driver behind PC Jeweller’s 63% revenue growth was strong consumer demand for gold jewellery. This increase in sales was particularly boosted by the festive season falling within the second quarter. - What is PC Jeweller’s strategy for managing its debt?
PC Jeweller is actively working to reduce its financial liabilities. The company reduced its debt by 23% in the second quarter, following a 9% reduction in the first quarter. This is part of a larger strategy with the stated goal of becoming a completely debt-free company by the end of the 2025-26 fiscal year. - How is PC Jeweller expanding its retail network?
PC Jeweller is pursuing a balanced growth strategy by expanding its retail presence through a mix of company-owned and franchise-operated showrooms. As part of this plan, the company recently opened a new franchise-owned showroom in Pitampura, Delhi, bringing its total showroom count to 52. - What is the future outlook for PC Jeweller based on this report?
Following its strong Q2 performance, PC Jeweller’s management is confident about the company’s future prospects. The company is focused on leveraging this momentum in the upcoming quarters to reclaim its previous position as a leading player in the jewellery market.
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