PC Jeweller Limited has filed its quarterly statement confirming no deviation or variation in the utilization of issue proceeds for the quarter ended December 31, 2025. The company submitted this compliance report to BSE Limited and National Stock Exchange of India Limited under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Details

During the quarter ended December 31, 2025, PC Jeweller raised funds through preferential issues on two separate dates. The company's fund raising activities were conducted under previously approved shareholder resolutions and monitored by CARE Ratings Limited.

Warrant Conversion and Equity Allotment

The fund raising occurred through conversion of Fully Convertible Warrants into equity shares. During the quarter, PC Jeweller allotted 7,98,71,150 equity shares in two tranches upon warrant conversion. The first tranche of 7,81,14,890 shares was allotted on October 18, 2025, followed by 17,56,260 shares on November 15, 2025. These numbers represent adjusted figures following the subdivision of face value from ₹10 per share to ₹1 per share.

Fund Utilization Breakdown

The proceeds from both preferential issues were allocated across multiple corporate objectives as originally planned by the company's management and approved by shareholders.

October 18 & November 15, 2025 Issue (₹32.93 + ₹0.74 crores)

September 18, 2025 Issue

Quarterly Fund Movement

During the quarter ended December 31, 2025, PC Jeweller utilized ₹34.58 crores from the October-November preferential issue, including ₹1.05 crores that remained unutilized from the previous quarter. At the quarter end, ₹0.14 crores remained unutilized in the monitoring account. For the September 2025 issue, the company utilized ₹55.51 crores from ₹55.52 crores available at the beginning of the quarter, leaving ₹0.01 crores unutilized.

Regulatory Compliance

The statement was duly reviewed by the company's Audit Committee, with both the Audit Committee and auditors providing no adverse comments. The fund utilization remains within the tentative timelines approved by shareholders, with various objects having completion deadlines extending from February 2026 to March 2027. PC Jeweller's Executive Director (Finance) & CFO Vishan Deo signed the compliance statement, confirming adherence to all regulatory requirements under SEBI LODR Regulations.

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.