Jewellery Stock Jumps 11% on 21% Revenue Growth; Set to Become Debt-Free This Quarter

Synopsis: The shares of this jewellery company gained attention after it reported 21 percent revenue growth in Q1 FY27, reduced bank debt by over 90 percent, and said it expects to become debt-free during the current quarter.

The share of the company, which is engaged in the business of manufacturing, sale, and trading of gold jewellery, diamond-studded jewellery, and silver items gained investor focus after strong Q1 updates.

With a market capitalization of Rs 10,313 crore, PC Jeweller Ltd’s share on Friday made a day high of Rs 11 per share, up by 11.3 percent from its previous day’s close price of Rs 9.88 per share. The share of the company has given a negative return of 24 percent over the last year.

Q1 Business Update

PC Jeweller reported a consolidated revenue of around Rs 877.25 crore in Q1 FY27, marking a growth of approximately 21 percent compared to the same period last year. The growth was supported by strong demand and improved business performance during the quarter.

The company said its latest quarterly performance reflects steady progress in its turnaround journey. Over the past few quarters, it has focused on strengthening operations and improving business efficiency, which has started to reflect in its financial performance.

PC Jeweller said it has reduced its outstanding bank debt by more than 90 percent since signing the Joint Settlement Agreement with lenders on September 30, 2024. During Q1 FY27 alone, it reduced the remaining debt by another approximately 24 percent.

The company expects to repay its remaining outstanding bank debt during the current quarter, achieving a debt-free status. It believes this milestone will significantly strengthen its financial position and provide a stronger foundation for future growth.

About the Company

PC Jeweller is engaged in the business of manufacturing, sale and trading of gold jewellery, diamond-studded jewellery and silver items and operates in different geographical areas. The Company’s export business of gold jewellery is on a B2B basis through its dealers based in the Gulf via Dubai-based firms. The Company has a team of in-house designers.

Financial Highlights: revenue from operations of Rs 927 crore, up about 33 percent from Rs 699 crore in Q4 FY25. The company posted a net profit of Rs 153 crore compared to a net loss of Rs 95 crore in the year-ago quarter, marking a return to profitability. Earnings per share (EPS) improved to Rs 0.18 from Rs 0.15, while the operating margin stood at 18 percent compared with 21 percent in Q4 FY25.

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