PC Jeweller Shares Rise As Company Becomes Debt-Free, Stock Rallies 89% In 6 Months
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PC Jeweller has become debt-free after clearing dues to all 14 consortium banks ahead of schedule. Its shares have gained 89% in six months, while first-quarter financial performance also improved.
PC Jeweller Limited shares gained 4% to touch a day’s high of ₹14.63 on the Bombay Stock Exchange (BSE) on Monday after the company announced that it had become debt-free by clearing dues to all 14 consortium banks.
The company completed the repayments ahead of the scheduled due dates. The development follows the stock's 89% rally over six months and an improvement in its first-quarter financial performance. The company's debt-free status strengthens its balance sheet and financial position.
On the National Stock Exchange (NSE), PC Jeweller’s share price was ₹14.26, up 1.06% from a previous close of ₹14.11. It opened at ₹14.55 and touched a high of ₹14.64 and a low of ₹14.11.
PC Jeweller’s Bank Settlement Details
The settlement with the 14-bank consortium was signed in September 2024 to resolve a stressed loan book of nearly ₹4,100 crore as of March 2024.
The consortium was led by State Bank of India (SBI), with Union Bank, Punjab National Bank (PNB), Axis Bank, IndusInd Bank, Bank of India, IDBI Bank, Karur Vysya Bank, Kotak Mahindra Bank, Indian Overseas Bank, Canara Bank, Indian Bank, Bank of Baroda and IDFC First Bank also part of the group.
The settlement agreement was structured as a one-time arrangement between the company and the consortium.
PC Jeweller’s Stock Performance So Far On The NSE
PC Jeweller shares touched a 52-week low of ₹7.47 in March and subsequently gained 89% over six months to close at ₹14.11 in the previous week. The stock gained 11% over one week, 30% in one month and more than 52% in 2026 so far.
It was up 17% over one year, while its three-year and five-year gains stood at 443% and 439%, respectively.
PC Jeweller Q1 FY2026-27 Results
PC Jeweller reported a consolidated net profit of ₹222 crore for the first quarter of FY27, up 37% year-on-year (YoY) from ₹153 crore in the corresponding period.
Revenue from operations increased 21% YoY to ₹877 crore in the April-June quarter from ₹725 crore a year earlier. Consolidated operating profit after tax (PAT) rose YoY to ₹213 crore from ₹79 crore.
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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
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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