PC Jeweller gave a 34% return in the last 2 days. The Company also gave almost a 55% return in the last 1 week. PC Jeweller stock jumped after the company reported a strong Q1 business update.
PC Jeweller reported that despite the volatility in the 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 reported that the Company witnessed high demand for its products on account of wedding and festive purchases by its customers during the quarter. Further, the Company had already reduced its outstanding debts to its bankers by more than 50% during FY 2024-25.
PC Jeweller also stated that the Company is targeting and is confident to be debt-free in FY26. For achieving its target, the Company has further reduced its outstanding debts to its bankers by approximately 7.50% during the quarter.
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In Q4 FY25, the company reported ₹94.78 crore net profit. PC Jeweller is again back in profit, which shows investors’ confidence. The Company is optimistic about delivering exceptional performance in the upcoming quarters as well.
