PC Jeweller Q1 Results are out now. The jewellery retailer reported a 4% rise in consolidated net profit to ₹162 crore for the April-June quarter of FY26, compared to ₹156.06 crore in the same period last year.
The real sparkle, however, was in the revenue numbers. The company’s revenue jumped over 80% year-on-year to ₹725 crore, showing strong demand in its domestic market. Operating profit (EBITDA) also saw a big leap, more than doubling to ₹128 crore from ₹52 crore in Q1 FY25.
100% Focus on India
PC Jeweller continues to rely entirely on the Indian market, with no exports in its revenue mix. The company remains focused on expanding its presence in the domestic retail jewellery segment.
Aggressive Debt Reduction Strategy
In a major move towards financial stability, PC Jeweller slashed its outstanding debt by over 50% in FY24-25. The company has set an ambitious target to become completely debt-free by the end of FY26.
To fund this journey, it raised ₹2,702 crore last year through a preferential issue of fully convertible warrants. Just last month, the board greenlit a plan to raise an additional ₹500 crore from promoters and Capital Ventures Pvt Ltd. The funds will be used to prepay loans and further reduce debt burdens.
Based in Delhi, PC Jeweller currently operates 52 showrooms across India, out of which 49 are owned directly by the company.
With strong earnings, a laser focus on the Indian market, and a clear path to becoming debt-free, PC Jeweller looks well-positioned for future growth.
