PC Jeweller Limited has announced its financial results for the first quarter of FY27 (ended June 30, 2026). The company reported a 21% year-on-year increase in consolidated revenues, reaching ₹877 crore. Profitability also saw substantial growth, with Operating EBITDA up 90% and Operating PBT up 176%. The company also highlighted significant progress in its debt reduction efforts and a successful preferential issue fundraising.
Strong Q1 Performance for PC Jeweller
PC Jeweller Limited showcased robust operational performance in the first quarter of FY27 (ending June 30, 2026), driven by improved customer demand and footfall. The company’s consolidated revenues increased by approximately 21% year-on-year to ₹877 crore. This growth reflects the company’s ongoing turnaround journey.
Key Financial Highlights (Q1 FY27 vs Q1 FY26)
The financial performance for the quarter was marked by significant improvements across key metrics:
- Sales: Increased by 21% to ₹877 crore.
- Gross Profit: Rose by 81% to ₹260 crore.
- Operating EBITDA: Grew by 90% to ₹242 crore.
- Operating PBT: Saw a substantial increase of 176% to ₹223 crore.
Furthermore, the Consolidated Operating PAT (excluding other income) grew by 168% to ₹213 crore in Q1 FY27 from ₹79 crore in Q1 FY26.
Deleveraging and Fundraising Success
The company has made significant strides in its deleveraging journey, fully repaying 7 out of 14 consortium banks ahead of schedule. The company also aims to achieve a debt-free status in the current quarter. In terms of fundraising, a preferential issue of fully convertible warrants amounting to ₹2,702.11 crore was completed successfully, with 93% of the proceeds realized. The company also noted the conversion of an additional 4.16 crore warrants into equity shares, indicating continued promoter confidence.
Future Growth Initiatives
Looking ahead, the Board has approved raising up to ₹1,000 crore through a Qualified Institutional Placement (QIP) to support future growth opportunities and enhance financial flexibility.
International Expansion and Strategic Partnerships
In a significant development for international operations, PCJ Mining SARL, a step-down subsidiary, has been granted a license for semi-mechanized artisanal mining of gold in Chad. Domestically, the company is forging strategic partnerships, including MOUs with the National Skill Development Corporation (NSDC) and the Government of Uttar Pradesh, aimed at expanding its franchisee showroom network and onboarding entrepreneurs under the PC Jeweller brand.
Source: BSE
