LIC, SBI & PNB Backed Jewellery Stock Posts Stellar Q1 FY26; Eyes Debt-Free Status By FY26 End

The financial figures for the quarter that ended on June 30, 2025, have been released by PC Jeweller Limited. As the firm's financials, which showed an important rise in the previous fiscal year, continued to show further improvement in Q1 FY 2026, the company ended the quarter with a very excellent result.

With notable year-on-year improvement in key financial metrics, the corporation announced a strong performance in Q1 FY 2026. Sales increased by 81% to Rs 725 crore from Rs 401 crore in the first quarter of FY 2025. The gross profit increased significantly from Rs 65 crore in the same quarter last year to Rs 144 crore, a 122% jump. EBITDA surged by a remarkable 136% to Rs 210 crore from Rs 89 crore in the year-ago quarter. Additionally, profit before tax (PBT) virtually doubled, rising 98% from Rs 83 crore in Q1 FY 2025 to Rs 164 crore in the quarter under review.

Additionally, the company's net profit increased by almost 73% from the previous quarter, from Rs 95 crores in Q4 FY 2025 to Rs 164 crores in Q1 FY 2026.

"The company had already reduced its outstanding debt towards its banks by more than 50% in the FY 2024-25. It has further reduced its outstanding debt payable to its banks that stood at the end of previous fiscal as per the terms of Settlement Agreement, by another approx. 8.7% during the quarter ended 30th June 2025 and another approx. 10.1% in July 2025. The company is targeting and is confident to discharging its complete obligations due towards its banks by the end of FY 2026 and thereby become debt free," said PC Jeweller in a regulatory statement.

Additionally, the company had already raised Rs 2,702.11 crores in the previous fiscal year through the preferential issuance of fully convertible warrants, and the Board of Directors authorized additional fund raising up to approximately Rs 500 crores through preferential allocation on a private placement basis during their meeting on July 10, 2025.

The face value of the company's equity shares was split from Rs 10/- each to Re 1/- each during the previous fiscal year (record date: December 16, 2024) in order to enhance the liquidity of the company's equity shares and to promote participation by making equity shares of the company more affordable. As a result, after the subdivision/split, the company's total number of shareholders has risen by almost 91%.

According to PC Jeweller's shareholding pattern for the quarter that ended in June 2025, State Bank of India owns 17,66,46,350 equity shares, or 2.69% of the company's total shareholding. Union Bank of India owns 8,29,96,900 equity shares, or 1.26% stake of the total number of shares. With 6,99,65,610 equity shares, Punjab National Bank owns a 1.06% stake in the company. Life Insurance Corporation of India owns 6,75,16,620 equity shares, or 1.03% of the total number of shares.