PC Jeweller Share Price Hit Lower Circuit: ₹18.23, Down 5%

PC Jeweller share price is trading at ₹18.23, down 5.00% as of December 18, 2024, 11:02 AM, with a 52-week high of ₹19.30 and a low of ₹3.22. The market cap stands at ₹9.85K crore, and the P/E ratio is 557.66.

Financial Highlights

PC Jeweller achieved a remarkable financial recovery in Q2 FY25. The company’s sales rose sharply to ₹505 crore, compared to ₹33 crore in the same quarter of FY24. Profit after tax (PAT) turned positive, reaching ₹179 crore, a significant improvement from the ₹152 crore loss reported in Q2 FY24.

The company’s EBITDA for the quarter stood at ₹129 crore, recovering from a negative ₹23 crore in the previous year. Similarly, profit before tax (PBT) climbed to ₹124 crore, reversing the ₹152 crore loss recorded in the same period last year.

Management attributed the strong results to improved consumer demand and higher footfall, which began to show momentum in Q1 FY25 and grew further in Q2 FY25. The reduction in gold import duties, from 15% to 6%, announced in the Union Budget, also played a key role in driving this turnaround.

About PC Jeweller

PC Jeweller specialises in manufacturing, selling, and trading gold, diamond-studded, and silver jewellery. It operates across various regions and exports gold jewellery on a B2B basis through dealers in the Gulf, primarily via firms based in Dubai. The company also has its own team of in-house designers.

Share price performance 

PC Jeweller Ltd’s stock price stands at ₹18.23, reflecting a 0.22% rise over the past 5 days, a 25.72% gain in the past month, a 230.25% increase in the past 6 months, a 410.64% surge over the past year, and an impressive 653.31% growth over the past 5 years.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.