PC Jeweller Limited has informed the Exchange regarding 'Results Presentation'.
PCJEWELLER · price
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Awaiting price reaction for this filing.
PC Jeweller reported a strong Q1 FY2026 with sales of Rs 725 crore, up about 81% from Rs 401 crore in Q1 FY2025, driven by strong wedding and festive demand despite gold price volatility. EBITDA more than doubled to Rs 210 crore (up ~136% from Rs 89 crore), and profit before tax jumped about 98% to Rs 164 crore from Rs 83 crore. Gross profit rose 122% to Rs 144 crore, indicating clear margin expansion as EBITDA growth outpaced sales growth. The company also outlined progress on its debt-reduction plan, having cut bank debt by over 50% in FY25, another ~8.7% in Q1 FY26, and ~10.1% in July 2025, targeting to become fully debt-free by end of FY2026. The board approved an additional ~Rs 500 crore fund raise via preferential allotment on July 10, 2025. PC Jeweller operates 51 showrooms across 37 cities, including 3 franchisee outlets.
Strong operational turnaround with sales nearly doubling and EBITDA more than doubling signals improving profitability and a credible recovery story. The debt-free target by end-FY2026 should eliminate finance costs going forward, which could further boost earnings. Short-term stock reaction is likely positive given the sharp improvement, though the Rs 500 crore preferential allotment could lead to some dilution concerns.