This Jewellery Stock Gets Big Government Nod! 1,000 New Stores To Rise Across UP Under CM-YUVA Scheme

According to a letter dated December 4, 2025, PC Jeweller Limited has declared that the Directorate of Industries and Enterprises Promotion, Government of Uttar Pradesh, has officially approved the company's onboarding as a Franchise Brand on the state's CHIEF MINISTER-YUVA UDYAMI VIKAS ABHIYAN (CM-YUVA) Portal. Through technical innovation, skill development, e-commerce promotion, and digital services, the Government of Uttar Pradesh's CM-YUVA program seeks to improve employment generation and encourage entrepreneurship.

"To support the Uttar Pradesh State Government's policy of entrepreneurship promotion, skill development and local employment generation, the Company had proposed to provide support to trained goldsmith entrepreneurs in rural/semi-urban Uttar Pradesh for establishing 1,000 jewellery retail franchisee units with the Company, which would provide financially sound employment and self-employment opportunities and would empower aspiring jewellery entrepreneurs combining the trust of an established brand with modern digital selling tools - ensuring scalability, visibility, and sustainability," said PC Jeweller in a regulatory filing on 5th December.

Through the aforementioned letter, the Directorate of Industries and Enterprises Promotion, Government of Uttar Pradesh, has approved the company's request for onboarding as a franchise brand on the CM-YUVA Portal.

The firm has had another successful fiscal quarter in Q2 FY 2026 thanks to sustained customer demand over the festive period. The company has maintained its remarkable financial trajectory and enhanced its performance throughout the preceding quarters. In Q2 FY 2026 and H1 FY 2026, the firm produced a solid financial performance that showed substantial growth across all key metrics. Sales increased by 63% to Rs 825 crore in Q2 FY 2026 from Rs 505 crore in Q2 FY 2025 thanks to an 89% jump in gross profit to Rs 191 crore. Profit before tax (PBT) rose 65% to Rs 204 crore, while EBITDA almost doubled, growing 91% to Rs 246 crore.

The momentum was even stronger in the first half of FY 2026, with sales climbing 71% to Rs 1,550 crore and gross profit soaring 102% to Rs 335 crore. Compared to the same time last year, PBT increased 78% to Rs 368 crore and EBITDA saw a remarkable 109% growth to Rs 456 crore. According to the provisions of the Settlement Agreement, the firm reduced its outstanding debt payable to its banks by an additional 23%, or Rs 406 crores, during the quarter that concluded on September 30, 2025. By the conclusion of FY 2025-2026, the firm already aims to be debt-free.

"The company continues to focus on business development, increasing its brand presence and its market share in the industry and catering to the changing needs of its customers. The company is confident of becoming debt free by the end of FY 2026. With no further finance cost to be incurred after becoming debt free and its strategic turnaround underway, the company expects improved operational momentum, renewed market engagement and sustainable growth and exploring the opportunity of further expansion of its retail footprint and it is optimistic of even better performance in the future as well," said PC Jeweller in a report.

PC Jeweller Limited is an Indian jeweler with its headquarters in New Delhi. Reputable companies like PC Jeweller, Blue Nile, Kama Jewellery, Sparkles Jewellery, Charu Jewels, Urnish Jeweller, AuGrav, and others have partnerships with the firm.