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.
For more information on PC Jeweller and other Indian companies, please visit our Indian companies page. You can also check our stock market news section for the latest updates on the Indian stock market.
