PC Jeweller has officially achieved debt-free status, successfully discharging all outstanding debt owed to consortium banks. In a regulatory filing on Friday, September 25, 2026, the company informed that it has 'successfully discharged the remaining outstanding debt of the banks and has achieved its financial objective of a debt-free status'. With the latest repayment on Friday, the company has now repaid all outstanding debt owed to all 14 consortium banks under the settlement agreement dated September 30, 2024, with all repayments completed ahead of their scheduled due dates. The company had a total debt of around ₹3,000 crore that has now been completely cleared through the one-time settlement (OTS) process. As per Business Standard, the accomplishment of debt-free status will materially strengthen the company's balance sheet and financial position.
PC Jeweller delivered exceptional financial results for the first quarter of FY27, demonstrating strong operational performance alongside its debt-free achievement. The company reported a 37% year-on-year jump in consolidated net profit to ₹222 crore in Q1 FY27, compared to ₹161.93 crore in the corresponding period of the previous year. Total income rose to ₹879.27 crore in Q1 FY27 from ₹807.88 crore in the same quarter of the preceding year. The jewellery retailer's earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 90% YoY to ₹242 crore in the reporting quarter from ₹127 crore in Q1 FY26. The company stated that it will become debt-free in the current quarter, with the debt-free status achieved through a one-time settlement (OTS) for outstanding dues with a consortium of banks in September 2024.
PC Jeweller shares experienced mixed trading on Friday, September 25, closing 0.98% lower at ₹14.11 per unit on the National Stock Exchange (NSE) after the debt-free announcement was made after market hours. However, the stock has demonstrated strong momentum with a 29% gain over the past month and an 11% rally in the past week. The stock had touched its 52-week high of ₹14.86 on September 23, 2026, while also hitting a year's low of ₹7.47 per unit on March 30, 2026. Despite Thursday's decline, PC Jeweller has delivered remarkable returns across multiple timeframes, with the stock gaining 15% in one week, 28% in one month, 62% in three months and 78% in six months. The company maintains a total market capitalisation of ₹13,760.26 crore as of September 25, 2026, according to NSE data.
According to technical experts, PC Jeweller stock continues to trade above all key moving averages, indicating a positive trend structure. Sachin Gupta, VP – Technical Research at Choice Equity Broking, noted that the stock's daily RSI at 67 reflects strong momentum and remains supportive of the ongoing bullish setup. Gupta identified the immediate support in the ₹12.50–₹13 zone, with the 20 EMA around ₹12.63 providing additional dynamic support. Holding this zone would help maintain the bullish price structure and could support the next upward move. On the upside, ₹15 is the immediate resistance, followed by ₹16 as the next key resistance level. A sustained move above ₹15 could strengthen the momentum and open the possibility of further upside toward the next resistance zone.
PC Jeweller has successfully allotted 1.18 crore equity shares to promoter and Managing Director Balram Garg following the conversion of an equal number of fully convertible warrants. As per LiveMint, the shares were issued at ₹18 apiece, including a premium of ₹17, after Garg paid the balance ₹16,00,08,750, representing 75% of the warrant issue price. The latest allotment increased PC Jeweller's paid-up equity share capital from ₹975.95 crore to ₹977.14 crore, comprising 97,71,39,855 shares. Following the allotment, the promoter and promoter group's shareholding rose from 38.80% to 38.88%, while public shareholding declined from 61.20% to 61.12%.
