PC Jeweller shares rise 6% after debt repayment; company eyes debt-free status this quarter

Shares of PC Jeweller rallied as much as 6.48% to ₹10.02 apiece on Wednesday, July 8, as the company on Tuesday said it has repaid all its outstanding debt under the settlement agreement with two of the 14 consortium banks.

In an exchange filing on Tuesday, the jewellery retailer said the repayments were made in line with its objective of becoming debt-free this quarter. The settlement agreement with the consortium banks was signed on September 30, 2024.

The company said the repayment marks a significant milestone in its ongoing turnaround journey. It added that it has now cleared all outstanding dues under the settlement terms with two consortium lenders.

The stock hit a 52-week high of ₹19.65 on the NSE on July 7, 2025.

Recent updates

Last week, PC Jeweller Ltd reported a 21% growth in consolidated revenue during the first quarter of this fiscal (Q1 FY27) and said it will become a debt-free company during the July-September period.

In a regulatory filing, the company said that it concluded the first quarter of 2026-27 with a consolidated revenue growth of about 21% year-on-year.

"Debt reduced by more than 90%; Debt-Free status to be achieved in the current quarter itself," it said in the business update.

PC Jeweller has reduced its outstanding debt that was payable to the banks under the terms of the Joint Settlement Agreement by another 24% during the June quarter.

"With this reduction, the company has now reduced its outstanding debt by more than 90% as on date, since the execution of the Settlement Agreement with banks on 30 September 2024. The repayment of remaining outstanding debt and attaining a debt-free status in the ongoing quarter itself will significantly improve the company's financial position in the coming periods," the company said.

During the 2025-26 fiscal year, the company's net profit increased to ₹714.46 crore from ₹577.70 crore in the preceding year. Total income rose to ₹3,549.58 crore from ₹2,371.87 crore.

PC Jeweller has around 50 stores across major cities.

PC Jeweller Q4 FY26 earnings

PC Jeweller Ltd has posted a 61% increase in consolidated net profit at ₹152.89 crore for the quarter ended March 31, 2026 (Q4 FY26) on higher total income.

Its net profit stood at ₹94.78 crore in the year-ago period.

Total income grew to ₹946.26 crore during January-March FY26 from ₹700.10 crore a year ago, according to a regulatory filing on Wednesday.

During the 2025-26 fiscal year, the net profit increased to ₹714.46 crore from ₹577.70 crore in the preceding year. Total income rose to ₹3,549.58 crore from ₹2,371.87 crore.

"FY26 was an important year, as the company regained its momentum and delivered a strong performance throughout the year. This broad-based growth was driven by strong execution across the business, supported by continued consumer demand throughout the year, marking meaningful progress in the company's ongoing turnaround journey," MD Balram Garg said.

After the company becomes debt-free, Garg said the company would enter an aggressive expansion mode.

"The company has been receiving a very positive response (some of them at advanced stages of finalisation) from prospective business partners for establishing large format franchisee showrooms with them, and hence we are confident of opening up to 100 large franchise showrooms during the next 12-18 months," Garg said.