PC Jeweller’s board approved financial results for Q3 FY26, showcasing a 37% YoY revenue increase to ₹875 crores. Expansion plans include opening up to 100 large franchise showrooms over the next 12-18 months. The company also approved registering as a franchisee brand across states, and appointed Vivek Jain as Chief Information Officer. Sheiba Anand resigned as President (Retail Operations).
Strong Financial Performance
PC Jeweller announced its unaudited financial results for Q3 FY26, reporting significant growth. Standalone domestic revenues increased by approximately 37% YoY, reaching ₹875 crores. Key highlights include:
- Gross Profit: Increased by 63%.
- EBITDA: Increased by 46%.
- PBT: Increased by 29%.
For the nine months ended December 31, 2025:
- Sales: Increased by 57%.
- Gross Profit: Increased by 84%.
- EBITDA: Increased by 83%.
- PBT: Increased by 58%.
The company’s PAT for Q3 FY26 increased to ₹187 crores, a 28% rise. Operating PAT for the nine-month period stood at ₹554 crores, an 86% growth.
Expansion and Franchise Initiatives
The board approved a future business expansion plan to open up to 100 large franchise showrooms within the next 12-18 months. The company aims to leverage the Chief Minister – Yuva Udyami Vikas Abhiyan campaign, expanding its reach, particularly in rural and semi-urban markets. This move is expected to provide employment opportunities and increase the company’s retail footprint.
Key Leadership Changes
Vivek Jain has been appointed as the Chief Information Officer, effective February 1, 2026. Simultaneously, Sheiba Anand resigned from her position as President (Retail Operations), effective January 27, 2026, due to relocation reasons.
Debt Reduction and Future Outlook
PC Jeweller continues to reduce its debt, reporting a decrease of approximately 68% since the settlement agreement with banks on September 30, 2024. This progress is expected to continue, aiming for the company to become debt-free. The financial results contain a qualified conclusion from its auditor, citing issues with historical export discounts and overdue trade receivables.
Source: BSE
