PC Jeweller Profit Soars 58% Amidst Strong Demand

PC Jeweller has announced a substantial 58% year-on-year rise in net profit for the second quarter of fiscal year 2027 (Q2FY27), achieving ₹331 crore. This strong performance was accompanied by a 28% increase in consolidated revenue, which reached ₹1,054 crore during the July-September period.

The company's operating performance also showed significant improvement, with EBITDA growing by 74% to ₹309 crore. This growth was fueled by healthy consumer demand, particularly during the festive and wedding seasons, leading to an expansion of EBITDA margins to 29.3% from 21.5% in the prior year.

In a notable financial achievement, PC Jeweller has cleared all outstanding dues with its consortium of banks ahead of schedule. The company confirmed the release of all associated securities and guarantees, signifying a strengthened financial position. Additionally, approximately ₹142 crore was received from export debtors during the quarter.

Looking ahead, PC Jeweller has ambitious expansion plans, intending to launch up to 100 large-format showrooms across various city tiers within the next 12 to 18 months. This expansion will utilize a combination of company-owned stores and a franchise model.