PC Jeweller reports ₹330.66 crore Q2 profit and debt-free status

PC Jeweller reported a 58% rise in consolidated net profit for Q2 FY27 and said it became debt-free after repaying outstanding dues to all 14 consortium banks. The company also received about ₹142 crore from export debtors during the quarter. It disclosed the figures in a statement and regulatory filing covering the July-September quarter. The update marked PC Jeweller's Q2 profit and debt-free status.

PC Jeweller cleared bank dues and received export-debtor remittances

PC Jeweller said it achieved debt-free status during Q2 FY27 by repaying its outstanding dues to all 14 consortium banks ahead of schedule.

The company said about ₹142 crore came from export debtors during Q2 after negotiations and the resolution of issues. It described the receipts as the beginning of the realisation of long-pending receivables.

PC Jeweller's regulatory filing showed consolidated net profit at ₹330.66 crore for the July-September quarter of FY2026-27, compared with ₹209.54 crore in the same quarter a year earlier.

The filing reported total income of ₹1,054.47 crore, up from ₹825.25 crore in the year-earlier quarter. Expenses stood at ₹759.42 crore, compared with ₹688.85 crore a year earlier.

PC Jeweller shares reached ₹20.17 on the BSE

On October 22, PC Jeweller shares opened at ₹19.81 and rose 8.96% to ₹20.17 on the BSE, compared with the previous close of ₹18.51. BSE data showed the move.

BSE analytics showed that the shares had risen 108.06% on a year-to-date basis, 97.85% over six months, 96.36% over three months and 42.65% over one month.

PC Jeweller said interest costs would reduce from the second half of FY27

PC Jeweller said interest costs were expected to reduce significantly from the second half of FY27. The company said this reduction was expected to have a positive impact on net profit.

Up to 100 showrooms and a new jewellery brand are planned

PC Jeweller announced plans to roll out up to 100 large-format showrooms across Tier I, Tier II and Tier III cities over the next 12-18 months. The company said the rollout would combine company-owned locations with an asset-light franchise model.

The company said it was confident that it would begin establishing new showrooms during the current financial year.

PC Jeweller said the planned brand would cover demi-fine and lightweight jewellery, along with lab-grown-diamond fine jewellery. It said the brand was being developed for younger buyers and people purchasing jewellery for themselves.