PC Jeweller Limited has informed the Exchange about General Updates
PCJEWELLER · price
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Awaiting price reaction for this filing.
PC Jeweller reported a strong Q1 FY2026 with sales rising 81% year-on-year to Rs 725 crores, driven entirely by domestic demand. EBITDA more than doubled to Rs 210 crores (up 136%) and profit before tax grew 98% to Rs 164 crores, with margins expanding notably. The company highlighted a sharp debt reduction roadmap, having already cut bank debt by over 50% in FY25, with another ~8.7% reduction in Q1 FY26 and ~10.1% in July 2025, targeting to become fully debt-free by end of FY2026. The Board approved raising up to Rs 500 crores via preferential allotment on July 10, 2025, on top of Rs 2,702 crores raised earlier via convertible warrants. The company operates 51 showrooms across 37 cities and sees scope for further retail footprint expansion once debt-free.
The combination of strong revenue growth, expanding margins, and a clear path to becoming debt-free by FY2026 — eliminating finance costs going forward — is a significant positive for shareholders and likely to support the stock. The Rs 500 crore fund raise may cause near-term dilution concerns but is aimed at strengthening the balance sheet.