PC Jeweller Limited announced its financial results for the first quarter of FY27, reporting a 21% year-on-year increase in consolidated revenue to ₹877 crore. The company also saw significant growth in operating EBITDA (up 90%) and operating PBT (up 176%). Furthermore, PC Jeweller made substantial progress in its deleveraging efforts, fully repaying debt to 7 out of 14 consortium banks and reducing outstanding debt for the remaining banks by over 96%.
PC Jeweller Reports Strong Q1 FY27 Performance
PC Jeweller Limited has announced robust financial results for the first quarter ended June 30, 2026 (Q1FY27). The company registered a consolidated revenue of ₹877 crore, marking a significant increase of 21% compared to ₹725 crore in the corresponding quarter of the previous fiscal year (Q1FY26). This growth was attributed to improved customer demand and footfall.
Key Financial Highlights (Q1FY27 vs Q1FY26)
- Sales: Increased by 21% to ₹877 crore from ₹725 crore.
- Gross Profit: Grew by 81% to ₹260 crore from ₹144 crore.
- Operating EBITDA*: Rose by 90% to ₹242 crore from ₹127 crore.
- Operating PBT*: Showed substantial growth of 176%, reaching ₹223 crore from ₹81 crore.
- Consolidated Operating PAT*: Increased by 168% to ₹213 crore from ₹79 crore.
*Excludes other income.
Deleveraging Journey Progresses
The company continues to make significant strides in its deleveraging journey. As of date, PC Jeweller has fully repaid and discharged the debt of 7 out of 14 consortium banks, with all repayments completed ahead of their scheduled due dates. Additionally, over 96% of the outstanding debt for the remaining 7 banks has been discharged. The company remains on track to achieve a debt-free status in the ongoing quarter, which is expected to materially strengthen its balance sheet and financial position.
Fundraising and Strategic Initiatives
During the quarter ended June 2026, PC Jeweller successfully completed a preferential issue of fully convertible warrants, realizing 93% of the issue proceeds totaling ₹2,702.11 crore. The company also highlighted continued strong promoter support with the conversion of an additional 4.16 crore warrants into equity shares. In line with its long-term growth strategy, the Board has approved raising up to ₹1,000 crore through a Qualified Institutional Placement (QIP) in July 2026, subject to approvals, to support future growth and enhance financial flexibility.
Mining Operations and Partnerships
In a strategic move, PCJ Mining SARL, a step-down subsidiary, has been granted a license for semi-mechanized artisanal mining of gold in the Republic of Chad. This venture is expected to create opportunities for value chain integration and entry into mining operations, potentially improving the company’s financials. The company is also actively pursuing strategic partnerships, including MoUs with the National Skill Development Corporation (NSDC) and the Government of Uttar Pradesh under the CM YUVA scheme, aimed at fostering entrepreneurship and expanding its franchisee network.
Source: BSE
