PC Jeweller Shares Jump 4% After Strong Q2 Update; Company Targets Debt-Free Status by FY26

PC Jeweller shares today are surging after the company released its Q2 FY26 business update on October 2nd. The company noted strong festive season demand and retail expansion along with debt reduction plans. The stock is currently up 28% from its 52-week high range.

PC Jeweller share price today

On Friday morning, the PC Jeweller share price opened at Rs. 13.12 on the NSE, up 3.63% from the previous close of Rs. 12.68 per share. The stock has risen about 4.7% in the five days. However, on a monthly basis, the stock has slipped 3.02%. Analysts say the near-term outlook could improve if the company sustains revenue growth momentum in the festive season.

PC Jeweller Q2 update

In its exchange filing, PC Jeweller Ltd reported a 63% year-on-year standalone revenue growth for the quarter ending September 30th.

The company said, "We concluded this quarter with a strong performance driven by strong consumer demand during the ongoing festive season."

Another major positive was debt reduction. PC Jeweller cut its outstanding bank debt by 23% in Q2 FY26, on top of a 9% reduction in Q1 and a 50% reduction in FY25.

"This debt reduction is in line with the company's goal of becoming debt-free by the end of FY 2025-26." as per the company.
The firm also expanded its retail presence by opening a franchise-owned showroom in Pitampura, Delhi, strengthening its footprint in North India and balancing growth between company-owned and franchise models.

The management said, "Looking ahead, we are confident about building on this strong performance in the upcoming quarters and focused on reclaiming our leading market position, which PC Jeweller has held in the past."

PC Jeweller Q1 FY26 performance recap

The strong Q2 performance of PC Jeweller comes on the back of an equally impressive first quarter of FY26. In Q1, the company reported a sharp 83.7% year-on-year rise in total income to Rs. 807.88 crore, compared to Rs. 439.78 crore in the same period last year. Net profit also grew 4% to Rs. 161.93 crore, while profit before tax nearly doubled to Rs. 163.58 crore. Operationally too, the company delivered strong results, with EBITDA jumping 136% to Rs. 210 crore from Rs. 89 crore a year earlier. Importantly, all of the company's sales during the quarter came from the domestic market, which helped shield it from global volatility and currency risks. In addition, the board approved a Rs. 500 crore equity raise to help prepay loans, further supporting the company's goal of becoming debt-free by FY26.

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