PC Jeweller has announced robust financial results for the third quarter, demonstrating strong operational performance and significant growth across key financial metrics. The jewelry retailer's consolidated results show marked improvement in both profitability and revenue generation compared to the corresponding period in the previous year.

Financial Performance Highlights

The company's Q3 financial performance reflects substantial growth momentum across core business metrics:

Revenue Growth Analysis

PC Jeweller's revenue performance in Q3 showed impressive expansion, with total revenue reaching ₹8.75 billion compared to ₹6.39 billion in the same quarter of the previous year. This represents a significant year-on-year increase of 36.93%, indicating strong demand for the company's jewelry products and effective market penetration strategies.

Profitability Trends

The company's consolidated net profit demonstrated solid growth trajectory, rising to ₹1.9 billion in Q3 from ₹1.48 billion recorded in the corresponding quarter of the previous year. This 28.38% year-on-year increase in net profit reflects improved operational efficiency and effective cost management practices.

Business Performance Overview

The quarterly results showcase PC Jeweller's ability to deliver consistent growth in both top-line and bottom-line performance. The company's revenue growth outpaced profit growth, with revenue increasing by 36.93% compared to the 28.38% rise in net profit, indicating strategic investments in business expansion and market development initiatives.

PC Jeweller Limited has completed the allotment of 6,85,50,000 equity shares through the conversion of fully convertible warrants, marking a significant capital raising exercise for the jewelry retailer. The Board of Directors approved the allotment on January 22, 2026, through a circular resolution, with the final approval received at 5:32 PM.

Warrant Conversion Details

The allotment involved the conversion of 68,55,000 warrants into 6,85,50,000 equity shares by six allottees from the non-promoter public category. The conversion raised ₹28,89,38,250.00 at the rate of ₹42.15 per warrant, representing 75% of the issue price. The newly allotted equity shares carry a face value of ₹1.00 each and rank pari-passu with existing equity shares.

Allottee-wise Distribution

The warrant conversion was completed by six non-promoter allottees, with Suresh Chand Garg HUF being the largest converter. The allotment details show varying conversion amounts among the participants.

Impact on Share Capital Structure

The warrant conversion resulted in a significant change to PC Jeweller's paid-up equity share capital structure. The company's total paid-up capital increased from ₹732,84,94,855 to ₹739,70,44,855, representing an addition of ₹6,85,50,000.

Shareholding Pattern Changes

The allotment has altered the company's shareholding pattern, with public shareholding increasing while promoter holding percentage decreased. The promoter and promoter group shareholding reduced from 37.19% to 36.85%, while public shareholding increased from 62.81% to 63.15%.

Background and Regulatory Compliance

The warrant conversion follows the company's earlier allotment of 48,08,02,500 fully convertible warrants through preferential allotment on private placement basis, as intimated in September and October 2024. The allotment numbers reflect adjustments made pursuant to the subdivision of equity shares from ₹10.00 face value to ₹1.00 face value, effective December 16, 2024. The company has complied with all regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.