Penny Stock Under Rs 10: PC Jeweller Share Price Will Remain In Focus On Monday On Business Update

Penny Stock Under Rs 10: PC Jeweller Limited shares will remain in focus on Monday, April 20, after the jewellery maker gave an update on debt reduction. PC Jeweller, on Saturday, announced that it has successfully reduced its outstanding debt of the banks.

PC Jeweller share price share price ended 0.52% higher at Rs 9.58 per share on BSE with a market capitalisation of Rs 7,577.31 crore on Friday, April 17. The stock had touched an intraday high of Rs 9.80 per share and an intraday low of Rs 9.53 per share.

PC Jeweller Debt Reduction Update

The jewellery maker shared that the company has reduced its outstanding debt of banks by a significant percentage. "With this reduction, the company has now discharged and repaid more than 90% of its outstanding debt of the banks since the execution of settlement agreement, thereby reaffirming its commitment and swift progress towards its financial goal of accomplishing a debt-free status very soon," as per the BSE filing.

The company linked the recent repayment to its ongoing restructuring exercise, which has involved phased reductions in borrowings across multiple quarters. During the March 2026 quarter alone, PC Jeweller said it brought down its bank debt by about 23%, following the terms set out in the Joint Settlement Agreement with lenders.

PC Jeweller Q4 Update

PC Jeweller reported that standalone revenue for the quarter ended March 2026 rose 32% compared with the same period a year earlier. The company did not provide specific drivers for the increase, though PTI reported that higher gold prices, amid geopolitical tensions, may have supported jewellery demand and boosted revenue during the period.
For the full financial year FY26, PC Jeweller said revenue grew by around 49% year-on-year, with each quarter contributing steadily to the overall rise.

The company highlighted that the combination of sales growth and continued debt reduction has been central to its ongoing financial restructuring and efforts to strengthen the balance sheet.

On 6 April, PC Jeweller announced that a subsidiary has set up PCJ Mining SARL in the Republic of Chad, which will undertake extraction of precious metal ores. The filing said, "This strategic initiative provides the Group with an opportunity to explore mining operations and possibly establish vertical integration across its value chain," signalling interest beyond retail operations.

In the previous quarter, PC Jeweller entered into a Memorandum of Understanding with National Skill Development Corporation to serve as an industry and franchise partner for the gems and jewellery segment. Under this programme, the company plans to help develop and onboard up to 2 lakh micro entrepreneurs across India over five years under the PC Jeweller brand.