PC Jeweller shares opened higher at ₹9.65 and touched an intraday high of ₹9.87 per share on Tuesday, gaining 3% despite broader market weakness. According to reports from Live Mint, the jewellery brand informed Indian stock exchanges that it had cleared the outstanding debt of 8 out of 14 bank consortium members, with all repayments completed ahead of scheduled due dates. The company successfully cleared and repaid all outstanding debt under the terms of the Settlement Agreement dated September 30, 2024 with respect to one more bank. With this successful clearance, the company has now repaid all the outstanding debt of 8 out of the 14 consortium banks, with the company having discharged more than 96% of the outstanding debt of the remaining 6 banks. The company remains firmly on track to discharge the remaining less than 4% of the outstanding debt of the remaining 6 banks and achieve a debt-free status in the ongoing quarter itself, which will materially strengthen its balance sheet and financial position.
PC Jeweller reported strong financial results for Q1FY27, with consolidated net profit rising 37.2% year-on-year to ₹222 crore compared with ₹153 crore in the corresponding quarter of the previous financial year. As reported by Live Mint, the company's revenue from operations also grew strongly, increasing 21% YoY to ₹877 crore in Q1FY27 from ₹725 crore in Q1FY26. Consolidated operating profit after tax witnessed a sharp 168% YoY increase to ₹213 crore in the June quarter, up from ₹79 crore in the year-ago period. The significant improvement reflects stronger performance in the company's core operations and demonstrates the company's ability to convert operational growth into bottom-line profitability.
According to the company's statement reported by Live Mint, PC Jeweller has now repaid all the outstanding debt of 8 out of 14 consortium banks, with the company having discharged more than 96% of the outstanding debt of the remaining 6 banks. The company remains firmly on track to discharge the remaining less than 4% of the outstanding debt of the remaining 6 banks and achieve a debt-free status in the ongoing quarter itself, which will materially strengthen its balance sheet and financial position. This strategic debt reduction initiative is aligned with the company's objective of achieving a debt-free status in the current quarter itself, positioning PC Jeweller for improved financial flexibility and operational efficiency.
During the June 2026 quarter, PC Jeweller completed its ₹2,702.11 crore preferential issue of fully convertible warrants, with 93% of the proceeds having been realised. As reported by Live Mint, the company continued to receive promoter support after the quarter ended, with another 4.16 crore warrants subsequently converted into equity shares. In July 2026, the PC Jeweller board approved a proposal to raise up to ₹1,000 crore through a Qualified Institutional Placement (QIP), subject to requisite approvals. The proposed capital raise is aimed at supporting future growth initiatives, strengthening financial flexibility and enabling the company to expand its operations, providing additional resources to fund the company's strategic growth plans and operational expansion.
