PC Jeweller Shines Again! Q3 Profit Jumps 28%, Revenues Surge 37%; Cuts Debt By 68%

In light of sustained customer demand over the festive and wedding seasons, PC Jeweller achieved strong operational performance in Q3FY26. Strong market traction and favorable demand circumstances are demonstrated by its standalone domestic revenues, which increased by over 37% YoY to Rs 875 crore. Gross profit surged by 63% on a quarterly basis, from Rs 134 crore in Q3FY25 to Rs 219 crore in Q3FY26. Profit before tax (PBT) rose by 29% to Rs 189 crore, while EBITDA jumped by 46% to Rs 225 crore.

The robust momentum continued until the final nine months of FY26. Compared to Rs 1,544 crore in 9MFY25, sales increased 57% YoY to Rs 2,426 crore. Significant margin growth was demonstrated by the 84% boost in gross profit to Rs 553 crore and the 83% growth in EBITDA to Rs 681 crore. PBT surged 58% to Rs 557 crore during the nine-month period, supporting the company's strong profitability trend.

Profit after tax (PAT) for Q3FY26 grew by 28% YoY to Rs 187 crore from Rs 146 crore in Q3FY25. PAT jumped from Rs 480 crore in 9MFY25 to Rs 559 crore for the nine-month period. The operating PAT for 9MFY26 was Rs 554 crore, an improvement of 86% from Rs 297 crore in 9MFY25.

Since the Settlement Agreement with banks was executed on September 30, 2024, the company's outstanding debt has dropped by almost 68%, indicating a notable improvement in its financial condition. The company is still working toward its objective of being debt-free.

The company was onboarded as a franchise brand on the CM-YUVA platform and signed a Memorandum of Understanding with the Government of Uttar Pradesh under Chief Minister Yuva Udyami Vikas Abhiyan (CM-YUVA) during the quarter. As part of the project, PC Jeweller will assist skilled goldsmith business owners in rural and semi-urban areas to open 1,000 jewelry retail franchise locations. This will increase the company's visibility, scalability, and retail network while fostering entrepreneurship, youth employability, and economic development.

"The positive impact of all the above efforts is visible in the financial performance of the company quarter- on-quarter. The Company remains focused on strengthening core operations, expanding retail presence through owned and franchise formats, and enhancing customer reach. The company is confident of becoming debt free very soon. With improving operational momentum, a stronger balance sheet, and participation in government-backed initiatives, the Company is well positioned for sustainable growth and market expansion and is confident of delivering healthy financial performance in the future as well," said PC Jeweller in a statement.