PC Jeweller Share Price Jumps Over 3% as Q2 Revenue Surges and Debt Declines

PC Jeweller posted a standalone revenue growth of approximately 63% in the second quarter of FY26 compared to the same period last year. The surge was largely fuelled by strong consumer demand during the ongoing festive season.

The company is pursuing a strategy of balanced growth through a mix of company-owned and franchise outlets, aiming to strengthen its retail presence across key markets.

PC Jeweller Q2 Performance

The Delhi-based jewellery retailer, which operates 52 showrooms (49 company-owned), also expanded its footprint with a new franchise-owned showroom in Pitampura, Delhi.

During the September quarter, PC Jeweller reduced its outstanding bank debt by 23%, adding to a 9% reduction in Q1 and more than a 50% cut in the previous fiscal. At the end of FY25, the company had a net debt of ₹1,780 crore.

To further reduce debt, the board approved a plan to raise ₹500 crore through equity from promoters and Capital Ventures Pvt Ltd, supporting its goal to become debt-free by the end of FY26.

PC Jeweller Share Price Performance

PC Jeweller shares jumped 3.79%, trading at ₹13.16 at 10:00 AM on the NSE, up from the previous close of ₹12.68. The stock opened at ₹13.12, reached a high of ₹13.44, and touched a low of ₹13.02 during the morning session. The Volume Weighted Average Price (VWAP) stood at ₹13.19. The strong quarterly performance and ongoing debt reduction initiatives are likely contributing to positive investor sentiment.

Read More: Why Has the Indian Government Restricted Silver Jewellery Imports?

Conclusion

PC Jeweller’s strong Q2 revenue growth, coupled with significant debt reduction, underscores the company’s focus on both top-line expansion and financial prudence.

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