PC Jeweller Share Price Rise After Allotment of 6.85 Crore Shares; Q3 FY26 Revenue Jumps 37%

PC Jeweller share price (NSE: PCJEWELLER) rose around 1% on Friday, January 23, after the company announced the successful allotment of 6.85 crore equity shares. The development kept the multibagger jewellery stock in focus during the trading session.

Details of Share Allotment

PC Jeweller completed the allotment of 6.85 crore equity shares following the conversion of fully convertible warrants. The board approved the allotment on January 22, 2026.

The shares were issued to six investors from the non-promoter public category. Through this conversion, the company raised nearly ₹28.9 crore, with investors paying ₹42.15 per warrant, which is 75% of the issue price.

Each new equity share has a face value of ₹1 and carries the same rights as existing shares.

Impact on Capital and Shareholding

After the allotment, the company’s paid-up equity share capital increased to ₹739.7 crore, from ₹732.8 crore earlier.

• Promoter holding remained unchanged in absolute terms but fell slightly to 36.85%
• Public shareholding increased marginally to 63.15%

The changes reflect a broader public ownership following the capital expansion.

PC Jeweller Strong Q3 Business Update

PC Jeweller reported a 37% rise in standalone revenue for the December quarter of FY26. The growth was supported by strong demand during the festive and wedding season.

The company is also expanding its retail presence through a new initiative in Uttar Pradesh. It plans to set up 1,000 franchise jewellery outlets under a government-backed scheme aimed at supporting trained goldsmith entrepreneurs.

Focus on Reducing Debt

PC Jeweller reiterated its goal of becoming debt-free in the near future. Since signing a settlement agreement with banks in September 2024, the company has reduced its outstanding debt by around 68%.

Management said it will continue to focus on store expansion, further debt reduction, and stable operating performance.

Also Read: Best Long-Term Stocks in Jan 2026 – 5yr CAGR Basis!

PC Jeweller Stock Performance

PC Jeweller shares touched an intraday high of ₹10.78 on Friday. While the stock has declined over the past year, it has shown signs of short-term recovery, gaining 11% in the last one month.

Over the long term, the stock remains a strong performer, delivering over 310% returns in the last 5 years, making it a multibagger stock.

Conclusion

PC Jeweller’s successful share allotment, strong Q3 revenue growth, and steady progress in debt reduction have improved investor sentiment. While the stock remains volatile, long-term fundamentals and restructuring efforts continue to support the company’s outlook.

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