PC Jewellers Q1 FY26 earnings results were declared on Saturday, August 2. The Indian jewellery brand reported a gross profit of ₹144 crore, over 2x more as compared to ₹65 crore in Q1FY25. This was backed by a growth in sales volume, from ₹401 crore to ₹725 crore. The company’s EBITDA also rose by 136% from ₹89 crore to ₹210 crore, while Profit Before Tax (PBT) nearly doubled from ₹83 crore to ₹164 crore.
The results were approved by the company’s board on Friday evening.
In a note to stock exchanges, PC Jeweller (NSE: PCJEWELLER) stated that the entire turnover for Q1 came from domestic sales, with no export or foreign exposure, including the USA. This helps shield the company from global market volatility and currency risks, making its growth more stable and predictable for investors.
PC Jeweller has made strong progress in cleaning up its balance sheet. It has cut its outstanding bank debt by more than 50% in FY 2024-25, and further reduced it by 8.7% during Q1 FY26, followed by an additional 10.1% reduction in July 2025. The management is confident of becoming completely debt-free by the end of FY26.
In addition, the company had raised ₹2,702.11 crore last fiscal via preferential issue of fully convertible warrants. In July 2025, the board approved raising another ₹500 crore through a preferential allotment on a private placement basis.
PC Jeweller has emerged as a multibagger stock. The multibagger tag is based on adjusted prices post-split (since December 2024). It also does not include the additional long-term gains the stock has delivered.
Over the past 5 years, it has delivered over 900% returns to long-term investors. In the last one year alone, the stock has surged nearly 55%.
With rising profits, falling debt, and renewed investor confidence, PC Jeweller continues to attract attention. If you're investing through a Demat account, this stock might be worth tracking for potential mid- to long-term gains, especially as the company targets further debt reduction and expansion.
PC Jeweller's Q1 FY26 results signal strong growth and financial discipline. As it pushes toward becoming debt-free, investors could see this stock as a valuable addition to their portfolios, especially in India’s growing domestic consumption story.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Aug 4, 2025, 11:55 AM IST
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
