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PC Jeweller Debt-Free: Stock Soars!

28 Sep

Summary

PC Jeweller stock gained 4% amid a weak market.
Company achieved debt-free status by repaying 14 banks.
Q1 FY27 saw a 21% sales jump and 37% net profit rise.

PC Jeweller's stock experienced a notable increase of 4% on Monday, trading at ₹14.63 on the BSE, even as the broader market weakened. This rise is attributed to the company's recent achievement of becoming completely debt-free after repaying its outstanding loans to 14 consortium banks. All settlements were completed ahead of their scheduled due dates.

This accomplishment is poised to significantly strengthen PC Jeweller's financial standing and balance sheet. The company's positive trajectory is further supported by its strong performance in the first quarter of the financial year 2026-27 (Q1 FY27). During this period, consolidated sales grew by 21% year-on-year, reaching ₹877 crore, while net profit attributable to owners surged by 37% to ₹222 crore.

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