PC Jeweller Q2 Performance: Profit Jumps 58% To ₹331 Crore; Revenue Rises 28%
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PC Jeweller reported a 58% year-on-year rise in consolidated net profit to ₹330.66 crore in Q2 FY27, while revenue increased 28% to ₹1,054.47 crore. The company also became debt-free after clearing dues to its consortium banks.
PC Jeweller reported a 58% year-on-year rise in consolidated net profit to ₹330.66 crore for the September quarter, compared with ₹209.54 crore a year earlier, as higher sales and improved operating performance supported earnings.
Revenue from operations increased 27.8% to ₹1,054.47 crore from ₹825.25 crore in Q2 FY26. Operating EBITDA jumped 74% to ₹310 crore, while the operating EBITDA margin expanded to around 29% from 22%.
The jewellery retailer also became debt-free during the quarter after repaying outstanding dues to all 14 consortium banks ahead of schedule. The company expects lower interest costs from the second half of FY27 to support profitability.
PC Jeweller Q2 Performance
PC Jeweller's operating profit before tax more than doubled to ₹295 crore from ₹136 crore, while operating PAT, excluding other income, increased 107% to ₹299 crore from ₹144 crore in the year-ago quarter.
For the first six months of FY27, sales rose 25% to ₹1,932 crore, while operating EBITDA increased 81% to ₹551 crore. Operating PAT for the period more than doubled to ₹512 crore from ₹224 crore.
The company also recovered around ₹142 crore from export debtors during the September quarter, marking the start of the recovery of its long-pending export receivables.
Why Is PC Jeweller Share Price Rising Today?
PC Jeweller shares moved higher on Thursday following its Q2 FY27 results, with the earnings improvement and completion of the company's debt repayment remaining in focus.
The stock also drew attention after the company outlined its next phase of expansion following the completion of its debt reduction programme.
PC Jeweller Plans Up To 100 New Showrooms
PC Jeweller plans to open up to 100 large-format showrooms over the next 12–18 months across Tier I, Tier II and Tier III cities.
The expansion will be carried out through a mix of company-owned stores and an asset-light franchise model, with new showroom additions expected to begin during the current financial year.
The company is also working on a new jewellery brand aimed at younger and self-purchasing consumers, with a focus on demi-fine and lightweight jewellery as well as lab-grown diamond fine jewellery.
The expansion comes as PC Jeweller looks to capitalise on festive and wedding-season demand during the second half of the financial year.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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