PC Jeweller Surges 6% on Rs 1000 Crore Fundraising Plan

PC Jeweller's stock saw a notable increase of about 6% on Monday, effectively reversing the sharp decline experienced on Friday. This surge followed the company's announcement that its board of directors has approved a plan to raise up to Rs 1,000 crore through a Qualified Institutions Placement (QIP). The company's positive performance is underpinned by a robust Q1 operational update, which revealed a consolidated revenue growth of approximately 21% year-on-year. Furthermore, PC Jeweller continues its strategic push towards becoming debt-free, a significant financial milestone anticipated within the current quarter. In its pursuit of becoming debt-free, PC Jeweller has made substantial headway. The company reported a reduction of approximately 24% in outstanding debt under the Joint Settlement Agreement during Q1 FY27. This brings the total debt reduction to over 90% since September 30, 2024. Earlier reporting indicated a 58% increase in Q4 net profit, reaching Rs 150 crore from Rs 95 crore in the prior-year period. The stock has shown gains of over 11% in the past month and 7% year-to-date in 2026, despite a 41% decrease over the last year.