PC Jeweller shares jump 4% after firm clears pending dues to 14 consortium banks; stock up 55% YTD

Jewellery manufacturer and retailer PC Jeweller shares surged around 4% after the opening bell on Monday, September 28, as investors reacted to the company clearing its pending dues with 14 consortium banks.

“The company has successfully discharged the remaining outstanding debt of the banks and has achieved its financial objective of a Debt-Free status,” PC Jeweller informed the stock exchanges through an official filing.

NSE data showed that PC Jeweller shares surged 3.75% to hit its early market high of ₹14.64 apiece on Monday’s market, in comparison to ₹14.11 apiece at the previous equity market close last week.

After touching the early market high post the opening bell on NSE, the company’s stock retracted its gains as investors booked profits, with trading volumes surpassing 141 million equity shares across NSE and BSE combined as of the morning market hours.

As of 9:30 am (IST), PC Jeweller shares were trading 2.6% higher at ₹14.48 per share, when compared to the previous market close levels.

The company’s stock was reacting during Monday’s market as PC Jeweller disclosed the ‘debt-free’ update after market operating hours on Friday, September 25, 2026.

PC Jewellers’ management expects that clearing the dues with the consortium of banks to achieve ‘debt-free’ status will materially strengthen the company’s balance sheet and financial position in the sector.

The company has been consistently repaying its outstanding debt over the last month, and finally it completed clearing the final pending dues to all 14 consortium banks on Friday last week.

Is PC Jewellers ‘debt-free’?

PC Jeweller had a total outstanding debt of ₹3,000 crore, against which the jewellery maker decided to take a one-time settlement (OTS) for its outstanding dues with a consortium of banks back in September 2024.

As per the terms of the settlement agreement, the approval was for a combination of cash and equity components payable to the consortium of banks under the settlement, release of securities and mortgaged properties, etc.

With the successful repayment of the debt on Friday, the company was able to clear the pending debt ahead of scheduled due dates. PC Jeweller is one of India’s leading jewellery companies with around 50 physical stores across 12 states.

As per an NSE filing, this week PC Jewellers is also set to hold its 21st Annual General Meeting (AMG) for investors and shareholders at 11:00 am (IST) on Wednesday, September 30.

Stock rises 55% YTD

PC Jewellers shares surged around 55% on a year-to-date (YTD) basis so far in 2026, up more than 31% in the last one-month, and trading over 12% higher in the last five market sessions, according to NSE data.

On a long-term basis, the jewellery stock has delivered 446% returns to investors in the last five years, and over 450% gains on their investment in the last three years. The exchange data also showed that the company's shares have risen 18.3% in the past one-year period.

The company’s market capitalisation (m-cap) was at ₹13,965 crore as of the trading session on Monday, September 28.