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PC Jeweller Debt-Free Near, Stock Surges 37%
9 Sep
Summary
- PC Jeweller stock has surged 37% over three recent sessions.
- The company is nearing debt-free status, repaying 9 out of 14 banks.
- A ₹1,000 crore capital raise is planned for future growth.
PC Jeweller has seen its stock price surge by 37% in just three recent trading sessions, indicating a strong resurgence in investor interest. This rally follows the company's aggressive debt-reduction efforts. As of September 9, 2026, PC Jeweller has repaid all outstanding debt to 9 out of its 14 consortium banks. The company also announced that over 96% of the debt owed to the remaining 5 banks has been discharged, positioning it to achieve a debt-free status within the current month. During the recent quarter, PC Jeweller reported a 21% year-on-year increase in consolidated revenue, reaching ₹877 crore. Gross profit saw an even more substantial jump of 81% year-on-year, amounting to ₹260 crore. Looking ahead, the company has approved a proposal to raise up to ₹1,000 crore through a qualified institutional placement (QIP) by July 2026. This capital infusion is intended to support future growth opportunities, enhance financial flexibility, and scale operations.
