PC Jeweller has announced its Q4 FY26 results, reporting 32% year-on-year standalone revenue growth during the fourth quarter of the last fiscal year ended March 2026. According to the company's business update released in April 2026, this strong performance contributed to FY2026 emerging as a very positive year with approximately 49% YoY revenue growth, marking meaningful progress in the company's ongoing turnaround journey. The company did not provide specific reasons for the revenue boost, but surging gold prices amid geopolitical uncertainties may have contributed to the positive results.
PC Jeweller continued its debt reduction strategy during the quarter, reducing outstanding debt to banks by approximately 23% under the terms of the Joint Settlement Agreement. As reported by the company, since the execution of the settlement agreement with banks on September 30, 2024, the company has reduced its outstanding debt by approximately 68%, reflecting significant improvement in its financial position. The company remains committed to achieving debt-free status in the near future as part of its strategic financial discipline and deleveraging efforts.
The company has incorporated PCJ Mining SARL in the Republic of Chad to undertake extraction of precious metal ores, providing an opportunity to explore mining operations and establish vertical integration across its value chain. Additionally, PC Jeweller executed a Memorandum of Understanding with National Skill Development Corporation to act as an industry/franchise partner for the gems and jewellery sector. Under this initiative, the company aims to facilitate the development and onboarding of up to 2 lakh micro entrepreneurs across India over five years under its brand.
Looking ahead, PC Jeweller is positioned to capitalize on the upcoming summer wedding season and the auspicious occasion of Akshay Tritiya in Q1 FY27, with plans to strategically expand its retail footprint to reach a broader customer base and enhance market presence. The company operates approximately 50 physical stores across 12 states and continues to focus on strengthening core operations and expanding retail presence through owned and franchise formats. During the first nine months of FY26, PC Jeweller's net profit rose to ₹561.57 crore from ₹482.92 crore in the year-ago period, with total income reaching ₹2,603.32 crore during April-December.
