PC Jeweller Shares in Focus; Q3FY26 Results PAT Jumps 28%

PC Jeweller Limited saw its share price at ₹10.63 as of 28 January 2026, down ₹0.20 or 1.85% from the previous close of ₹10.83. PC Jeweller share price opened at ₹10.81, touched a high of ₹10.83, and a low of ₹10.36, reflecting investor attention following robust quarterly results.

Quarterly and Nine-Month Financial Performance – Q3 FY26

The company reported resilient operational performance in Q3FY26, fueled by strong consumer demand during the festive and wedding season. 

Standalone domestic revenues grew by ~37% year-on-year to ₹875 crores. Key financial metrics for the quarter include gross profit of ₹219 crores, up 63% YoY, EBITDA of ₹225 crores, up 46% YoY, and PBT of ₹189 crores, a 29% increase from Q3FY25.

For the nine months ended December 2025, PC Jeweller reported sales of ₹2,426 crores, an increase of 57% compared to ₹1,544 crores in the same period last year. Gross profit surged by 84% to ₹553 crores, EBITDA rose 83% to ₹681 crores, and PBT increased 58% to ₹557 crores. PAT for Q3FY26 reached ₹187 crores, up 28%, while operating PAT for 9MFY26 stood at ₹554 crores, growing 86% from 9MFY25.

Debt Reduction and Financial Strength

PC Jeweller continues its journey toward becoming debt-free, having reduced outstanding debt by ~68% since the Settlement Agreement with banks on 30 September 2024. The company has also successfully raised ₹2,702.11 crores through a preferential issue of fully convertible warrants and ₹500 crores via private placement in Q2FY26. 

Of the total funds, ₹1,906 crores have already been received, with the remaining ₹1,296 crores expected upon conversion of the remaining warrants by March 2026. This ensures sufficient coverage for outstanding debt and reinforces the company’s financial stability.

Expansion and Strategic Initiatives

During Q3FY26, PC Jeweller signed a MoU with the Government of Uttar Pradesh under the Chief Minister – Yuva Udyami Vikas Abhiyan (CM-YUVA). As part of the initiative, the company will support trained goldsmith entrepreneurs in rural and semi-urban areas to establish 1,000 retail franchise units, enhancing youth employment, entrepreneurship, and brand visibility.

Also Read: PC Jeweller Allotment of 6.85 Crore Shares; Q3 FY26 Revenue Jumps 37%!

Conclusion

PC Jeweller’s Q3FY26 performance demonstrates strong revenue growth, improved profitability, and strategic steps toward debt reduction. The company’s franchise expansion further supports long-term scalability and market presence.

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