PC Jeweller Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
PCJEWELLER · price
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PC Jeweller reported strong operational performance for FY26 with standalone sales of Rs 3,351 crore, up 49% YoY, and PBT of Rs 708 crore, up 58% YoY. Q4FY26 sales were Rs 927 crore (33% increase) and PAT was Rs 150 crore (58% growth). The company achieved operating PAT of Rs 705 crore for FY26, an 80% increase from Rs 392 crore in FY25. Outstanding debt has been reduced by more than 90% since the September 2024 settlement agreement, and the company is nearing debt-free status. A preferential issue of convertible warrants worth Rs 2,702 crore was completed in April 2026. However, auditors issued qualified opinions on both standalone and consolidated results due to pending RBI approvals for Rs 183 crore in export discounts and concerns over Rs 281 crore ECL provision on export receivables. The company also entered gold mining in Chad and signed an MoU with NSDC for micro-entrepreneur development.
Strong revenue and profit growth signals successful turnaround, but the qualified auditor opinion on export receivables creates uncertainty around the balance sheet quality. The company's path to debt-free status and capital raise strengthen its financial position.