PC Jeweller clears debt to 11 out of 14 consortium banks; shares rally 40% in a month

According to a regulatory filing, the jewellery maker disclosed that it has successfully cleared and repaid all its outstanding debt under the terms of Settlement Agreement dated September 30, 2024, with respect to one more bank.

With this successful clearance of debt, the firm has now repaid all the outstanding debt of 11 out of the 14 consortium banks, with all repayments completed ahead of scheduled due dates, PC Jeweller said.

Furthermore, the company has discharged more than 96% of the outstanding debt of the remaining 3 banks as well, it stated, adding that it remains firmly on track to discharge the remaining less than 4% of the outstanding debt of the remaining three banks and achieve a debt-free status in the current month (September) itself.

In a separate regulatory filing dated September 8, the firm said that it had cleared the debit of 11 out of 14 consortium banks, with repayment to one more lender.

Last month, while announcing its June quarter earnings (Q1 FY27), PC Jeweller informed the exchanges that it had fully repaid and discharged the debt of 7 out of 14 consortium banks as of date.

The company in July had also said it continues to progress rapidly towards its goal of becoming debt-free.

PC Jeweller Q1 results

PC Jeweller reported a 37% year-on-year (YoY) jump in its consolidated net profit to ₹222 crore in the first quarter of the 2026-27 financial year (Q1 FY27), on the back of better revenue and said the company will become debt-free in the current quarter. Its net profit stood at ₹161.93 crore in the year-ago period.

Its total income rose to ₹879.27 crore in Q1 FY27 from ₹807.88 crore in the corresponding period of the preceding year.

The jewellery retailer’s earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 90% YoY to ₹242 crore in the reporting quarter from ₹127 crore in the April-June quarter of the 2025-26 fiscal year (Q1 FY26).

PC Jeweller stock performance

Shares of PC Jewellers advanced as much 3.5% to hit an intraday high of ₹14.35 per unit, before falling to the red zone on the National Stock Exchange (NSE) on Thursday, September 10.

At around 1:42 PM, the scrip was trading 0.14% lower at ₹13.85 per equity share, compared with Wednesday’s closing price of ₹13.87 apiece.

The stock has rallied 31% in the past week and more than 40% over the month. On a year-to-date (YTD) basis, it has soared 48%.

Data: NSE

While the shares hit a 52-week high of ₹15.38 on September 17, 2025, they touched a year’s low of ₹7.47 per unit on March 30, 2026.

PC Jeweller has a total market capitalisation of ₹13,429.67 crore as of September 10, 2026, according to data on the NSE.