PC Jeweller has successfully cleared and repaid all its outstanding debt under the terms of the Settlement Agreement dated September 30, 2024, with respect to one more bank. According to Business Standard, the company has now repaid all the outstanding debt of 11 out of the 14 consortium banks with all repayments completed ahead of scheduled due dates. The company has discharged more than 96% of the outstanding debt of the remaining 3 banks and remains firmly on track to discharge the remaining less than 4% of the outstanding debt of the remaining 3 banks and achieve debt-free status in the current month itself. This settlement agreement, signed in September 2024, was a one-time settlement between PC Jeweller and a 14-bank consortium led by State Bank of India, aimed at resolving a stressed loan book that stood at nearly ₹4,100 crore as of March 2024.
PC Jeweller shares settled 0.5% lower at ₹13.80 per share on the NSE following the latest debt clearance announcement, as reported by Moneycontrol. This represents a slight pullback from the previous session's gains, though the stock continues to demonstrate strong long-term momentum. According to The Economic Times, this represents the third consecutive session of gains for the jewellery stock, with the stock having gained 38% over the past week and more than 40% in one month. The sustained momentum reflects strong investor confidence following the company's debt clearance progress and achievement of debt-free status. On Thursday, September 10, shares advanced as much as 3.5% to hit an intraday high of ₹14.35 before settling at ₹13.85, down 0.14% from Wednesday's close. The stock has delivered exceptional long-term returns, gaining 50% in 2026 so far and nearly 400% over three years and 430% over five years.
PC Jeweller reported a 37% year-on-year jump in consolidated net profit to ₹222 crore in Q1 FY27, up from ₹161.93 crore in the year-ago period, as reported in the latest regulatory filing. The company's total income rose to ₹879.27 crore in Q1 FY27 from ₹807.88 crore in the corresponding period of the preceding year. Earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 90% YoY to ₹242 crore in the reporting quarter from ₹127 crore in Q1 FY26. This substantial improvement in core business performance has materially strengthened the company's balance sheet and financial position, with the company announcing it will become debt-free in the current quarter.
PC Jeweller has a total market capitalisation of ₹13,429.67 crore as of September 10, 2026, according to data on the NSE. The stock has demonstrated remarkable volatility, touching a 52-week high of ₹15.38 on September 17, 2025, and hitting a year's low of ₹7.47 per unit on March 30, 2026. The latest trading session saw shares hit an intraday high of ₹14.35 before settling at ₹13.85, down 0.14% from Wednesday's close. The stock has rallied 31% in the past week and more than 40% over the month, with year-to-date gains of 48%, reflecting strong investor confidence in the company's debt clearance progress and financial turnaround.
