PC Jeweller shares jump 20% post Q1 business update; stock delivers 227% return in 1 year

The jewellery brand has seen around 80% growth in revenue during the April-June quarter of this financial year on strong demand despite volatility in gold prices and said it will become debt-free this fiscal year.

In a regulatory filing on Thursday, PC Jeweller informed that the company closed the April-June quarter on a very strong note, clocking a robust performance.

“Despite the volatility in gold prices, the company was able to achieve a standalone revenue growth of approximately 80%, as compared to the corresponding quarter of the previous financial year,” PC Jeweller said.

Following this, shares of PC Jeweller settled at ₹16.82 apiece on the National Stock Exchange, soaring 19.97%. In the last five trading sessions, the stock has gained almost 35%. In a year’s time, PC Jeweller shares have skyrocketed over 227%.

The firm saw high demand for its products, as consumers purchased jewellery for weddings and festivals.

"Further, the company had already reduced its outstanding debts towards its bankers by more than 50% during 2024-25,” PC Jeweller said.

The company expressed confidence in becoming debt-free in the current fiscal year.

"For achieving its target, the company has further reduced its outstanding debts towards its bankers by another approximately 7.50% during the June quarter," PC Jeweller said.

The company said it continues to revamp and strengthen all the aspects of its operations. PC Jeweller said it is "optimistic" about delivering exceptional performance in the upcoming quarters as well.

PC Jeweller had posted a consolidated net profit of ₹577.70 crore last fiscal year. In the 2023-24 fiscal year, it reported a net loss of ₹629.36 crore.

The company's total income jumped to ₹2,371.87 crore in 2024-25, from ₹669.87 crore in the preceding year.

Delhi-based PC Jeweller has a total of 52 showrooms, of which 49 are company-owned.