PC Jeweller Ltd shares rallied as much as 8.58% to ₹10 following exceptional Q4FY26 results announced on May 27. The New Delhi-based jeweller reported a 58.06% jump in standalone net profit to ₹150.33 crore compared to ₹95 crore in the corresponding quarter of the previous year. Revenue demonstrated robust growth, rising 32.66% to ₹927.34 crore in Q4FY26 versus ₹699 crore in Q4FY25, as reported by Business Standard. The company's profit before exceptional items and tax increased 58.77% YoY to ₹150.66 crore in the quarter ended March 31, 2026, with the company reporting an exceptional loss of ₹0.05 crore during the quarter. For the full financial year FY26, PC Jeweller posted revenue of ₹3,352.88 crore, marking a 49.47% increase over ₹2,243 crore reported in FY25, with standalone net profit climbing 23.57% to ₹710.62 crore.
The company's operational performance showed significant improvement during the quarter. EBITDA for the March quarter stood at a profit of ₹180 crore, up 25% from ₹144 crore in Q4 FY25, aided by operating leverage and improved cost efficiencies across operations. On a full-year basis, EBITDA rose 67% to ₹861 crore in FY26, compared with a profit of ₹517 crore in the previous financial year. The growth was supported by sustained consumer demand and steady sales momentum, demonstrating the company's ability to maintain profitability while expanding its operational footprint.
PC Jeweller has made significant progress in strengthening its financial position through aggressive debt reduction. The company has reduced its outstanding debt by more than 90% since the execution of its settlement agreement with banks on September 30, 2024, significantly strengthening its financial position. The company's board approved the re-appointment of Bairam Garg as managing director with effect from July 01, 2026 for a period of 5 years, as reported by Business Standard. The management continues to strengthen and deleverage its balance sheet and has made steady progress towards becoming debt-free, with the company planning rapid expansion through opening large format franchise showrooms and market penetration.
During the quarter, PC Jeweller made a strategic move into mining operations by incorporating PCJ Mining SARL in the Republic of Chad to undertake the extraction of precious metal ores. The company received a licence for semi-mechanized artisanal gold mining from the Ministry of Petroleum, Mining and Oil Geology, Republic of Chad in April 2026. According to the company, this development offers an opportunity to explore mining operations and could help create vertical integration opportunities across its value chain. Separately, the company received enquiries and feedback from prospective business partners regarding establishing large-format franchise showrooms. The company believes this expansion strategy could help it gain market share from the unorganised sector without requiring additional capital investment, with discussions with several prospective partners at an advanced stage.
