Jewellery stock jumps 8% after company reduces debt by 68%; Also signs MoU with Maha Govt

SYNOPSIS: PC Jeweller posted a strong Q3 FY26 performance with 37 percent YoY revenue growth, expanded its franchise model under UP’s CM-YUVA scheme, and reduced debt by 68 percent, reinforcing growth and balance-sheet recovery.

During Monday’s trading session, shares of one of the leading players in the jewellery industry and amongst the top brands in studded jewellery surged nearly 8 percent on BSE, after reporting debt reduction and more in the Q3 FY26 business update.

At 10:45 a.m., shares of PC Jeweller Limited were trading in the green at Rs. 10.12 on BSE, up by around 6 percent, compared to its previous closing price of Rs. 9.56, with a market cap of Rs. 7,335.6 crores. The stock has delivered negative returns of over 30 percent in one year, and has fallen by around 9 percent in the last one month.

What’s the News:

As per the disclosures with the latest stock exchanges, PC Jeweller Limited has submitted its business update for the quarter ended 31st December 2025 on Sunday, 4th January 2025.

The company reported that it concluded Q3 FY26 with a strong performance, delivering standalone revenue growth of around 37 percent YoY, supported by healthy consumer demand during the festive and wedding season.

During the quarter, PC Jeweller also submitted a proposal to the Directorate of Industries and Enterprises Promotion, Government of Uttar Pradesh, under the Chief Minister – Yuva Udyami Vikas Abhiyan (CM-YUVA) campaign. The initiative aligns with the state government’s focus on promoting entrepreneurship, skill development and local employment. 

Under this campaign, the company plans to support trained goldsmith entrepreneurs in rural/semi-urban areas by helping set up 1,000 jewellery retail franchisee units with the company.

The proposal received formal approval, and PC Jeweller has been onboarded as a Franchise Brand on the CM-YUVA Portal. The company has also signed a Memorandum of Understanding (MoU) with CM YUVA Mission under the Department of MSME and Export Promotion, Government of Uttar Pradesh, for the same.

On the financial front, PC Jeweller reiterated its commitment to becoming a debt-free company in the near future. Notably, since executing its settlement agreement with banks on 30th September 2024, the company has already reduced outstanding debt by around 68 percent, reflecting steady progress towards its financial goals

Going forward, the company plans to stay focused on expanding its retail presence, achieving debt-free status, and maintaining consistent operating performance in the coming quarters.

Also read: TVS Motors Vs Hero Motocorp: Which auto stock performed the best in Q3 sales?

Financials & More:

PC Jeweller reported a significant growth in revenue from operations, experiencing a year-on-year increase of over 63 percent, from Rs. 505 crores in Q2 FY25 to Rs. 825 crores in Q2 FY26. Likewise, its net profit increased during the same period from Rs. 179 crores to Rs. 210 crores, representing a rise of nearly 17 percent YoY.

PC Jeweller Limited is engaged in the business of trade, manufacture and sale of gold, diamond, silver, precious stone, gold jewellery/items, diamond-studded jewellery and silver articles of various designs/specifications. 

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