PC Jeweller gains after Q2 PAT rises 58% YoY
Total income increased 21.80% YoY and 23.97% QoQ to Rs 1,090.03 crore. Profit before tax (PBT) rose 60.43% YoY and 47.06% QoQ to Rs 330.61 crore.
Total expenditure increased 15.04% YoY and 17.12% QoQ to Rs 750.69 crore. Raw material consumption declined 20.54% YoY and 14.93% QoQ to Rs 630.30 crore. Employee expenses rose 1.90% YoY and 5.05% QoQ to Rs 7.49 crore, while interest expenses declined 75.94% YoY and 35.43% QoQ to Rs 8.73 crore. Depreciation increased 13.40% YoY and 6.96% QoQ to Rs 5.84 crore. Gross profit increased 68% YoY to Rs 325 crore in Q2 FY27 from Rs 193 crore in Q2 FY26. Operating EBITDA, excluding other income, rose 74% YoY to Rs 310 crore from Rs 178 crore. Other income declined 48.97% YoY to Rs 35.56 crore but surged 1,494.62% QoQ from Rs 2.23 crore.
PC Jeweller said it had repaid its outstanding debt to all 14 consortium banks ahead of schedule and achieved debt-free status, with zero bank borrowings. The company also received remittances of about Rs 142 crore from export debtors during the quarter following negotiations to resolve long-pending receivables.
The company plans to roll out up to 100 large-format showrooms across Tier I, Tier II and Tier III cities over the next 12?18 months through a mix of company-owned outlets and an asset-light franchise model.
PC Jeweller has signed memorandums of understanding with the National Skill Development Corporation (NSDC) and the Uttar Pradesh government under the CM YUVA scheme to onboard up to 2,00,000 and 1,000 franchise partners, respectively. The initiative aims to expand its presence in rural and semi-urban markets.
The company is also planning a new jewellery brand focused on demi-fine and lightweight jewellery, along with lab-grown-diamond jewellery, targeting younger consumers. Its step-down subsidiary, PCJ Mining SARL, has commenced on-site development work in Chad following the grant of a licence for semi-mechanised artisanal gold mining.
The company said its showrooms were positioned to meet demand during the festive and wedding season in the second half of the financial year.
PC Jeweller is a retailer and manufacturer of gold and diamond jewellery.
Cupid promoter Aditya Kumar Halwasiya acquired another 5.51 crore shares, representing a 0.58% stake in PC Jeweller, at Rs 18.39 per share through a bulk deal on the NSE yesterday (21 October 2026). Earlier, on 15 October 2026, Halwasiya had purchased 5.1 crore shares, equivalent to a 0.52% stake, at Rs 14.43 per share on the NSE.
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