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What is the story about?
PC Jeweller Ltd reported a 32% year-on-year rise in standalone revenue for the March quarter, while continuing to pare debt as part of its ongoing turnaround efforts.
For FY26, the company said revenue grew around 49% year-on-year, supported by steady performance across quarters. During the quarter, it reduced outstanding bank debt by approximately 23% under a joint settlement framework, with a large portion of dues already repaid.
The company also signed a memorandum of understanding with the National Skill Development Corporation to develop up to 2,00,000 micro-entrepreneurs over five years in the gems and jewellery segment, aimed at expanding its retail footprint.
Separately, a subsidiary incorporated PCJ Mining SARL in Chad to explore opportunities in precious metal mining, indicating early steps towards backward integration.
PC Jeweller said it remains focused on achieving a debt-free position over the near term, while looking to capitalise on demand from the upcoming wedding season and Akshaya Tritiya.
Also Read: UCO Bank Q4 Update: PSU lender reports strong loan growth; Deposits also grow double-digits
Shares of the company ended at ₹8.51, up 3.65% on the NSE.
For FY26, the company said revenue grew around 49% year-on-year, supported by steady performance across quarters. During the quarter, it reduced outstanding bank debt by approximately 23% under a joint settlement framework, with a large portion of dues already repaid.
The company also signed a memorandum of understanding with the National Skill Development Corporation to develop up to 2,00,000 micro-entrepreneurs over five years in the gems and jewellery segment, aimed at expanding its retail footprint.
Separately, a subsidiary incorporated PCJ Mining SARL in Chad to explore opportunities in precious metal mining, indicating early steps towards backward integration.
PC Jeweller said it remains focused on achieving a debt-free position over the near term, while looking to capitalise on demand from the upcoming wedding season and Akshaya Tritiya.
Also Read: UCO Bank Q4 Update: PSU lender reports strong loan growth; Deposits also grow double-digits
Shares of the company ended at ₹8.51, up 3.65% on the NSE.
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