PC Jeweller shares surged 10% on Friday, 29 May, following the company's robust Q4FY26 earnings announcement. According to reports from LiveMint, the jewellery retailer posted a 61% year-on-year rise in consolidated net profit to ₹152.89 crore for the quarter ended 31 March 2026, compared to ₹94.78 crore in the corresponding period last year. Total income during the quarter increased significantly to ₹946.26 crore from ₹700.10 crore a year ago, demonstrating strong operational performance. The company also successfully completed its preferential issue of fully convertible warrants amounting to ₹2,702.11 crore on April 10, 2026, with a realisation of approximately 93%.
For the complete financial year FY26, PC Jeweller reported impressive growth metrics across key financial parameters. As reported by LiveMint, the company achieved a net profit of ₹714.46 crore, representing an increase from ₹577.70 crore in the previous fiscal year. Total income for FY26 rose sharply to ₹3,549.58 crore from ₹2,371.87 crore in FY25, indicating strong revenue expansion and business growth. On a standalone basis, the company delivered even stronger performance with PBT increasing by 58% to ₹708 crore and PAT rising 58% to ₹710 crore for FY26, while Q4 standalone sales grew 33% to ₹927 crore.
Managing Director Balram Garg highlighted the company's significant debt reduction achievements, stating that FY26 marked a crucial recovery year driven by solid execution and strong consumer interest. According to LiveMint reports, since implementing its settlement agreement with banks, PC Jeweller has reduced its outstanding debt by more than 90% and is steadily progressing toward becoming debt-free. The company remains confident of becoming debt-free in the near term and is in advanced stages of finalizing discussions for establishing large format franchisee showrooms to expand its retail presence. The Board approved the re-appointment of Shri Balram Garg as Managing Director for a period of five years effective from July 01, 2026, subject to shareholder approval.
The company has announced several strategic initiatives to diversify its business portfolio and expand its operational footprint. During the quarter, PC Jeweller executed a Memorandum of Understanding with the National Skill Development Corporation (NSDC) to onboard up to 2,00,000 micro-entrepreneurs over five years. Additionally, the company incorporated a step-down subsidiary, PCJ Mining SARL in the Republic of Chad, which was granted a license for semi-mechanized artisanal gold mining in April 2026. The company has also filed applications under the Foreign Exchange Management Act, 1999, for condonation of delays in repatriation, addressing previous export receivables challenges.
