PC Jeweller Shares Surge 6% as Company Targets Debt-Free Status, Reports Strong Q1 Results
PC Jeweller's shares increased by 6.1% to Rs 15.94 following positive announcements. The company reduced its net debt by 19% to Rs 1,445.00 crore over four months. It aims to become debt-free by fiscal year-end through a Rs 1,800.00 crore equity infusion. Q1 FY2026 results showed net profit at Rs 161.93 crore and revenue at Rs 807.88 crore, up 83.70% year-over-year. The company operates 52 showrooms across India and plans additional fundraising of up to Rs 500.00 crore through preferential allotment.
03Aug 25
PC Jeweller Reports Robust Q1 Results, Aims for Debt-Free Status
PC Jeweller Limited reported a significant increase in Q1 Profit After Tax (PAT) to Rs 164.00 crores on sales of Rs 725.00 crores, compared to an operating PAT of Rs 49.00 crores in the previous year's Q1. The company has made substantial progress in reducing its outstanding bank debt, bringing it down to approximately Rs 1,440.00 crores. PC Jeweller has raised Rs 2,702.11 crores through convertible warrants and received board approval for an additional Rs 500.00 crores through preferential allotment. The company aims to become debt-free by the end of the fiscal year.
02Aug 25
PC Jeweller Reports 81% Sales Growth in Q1, Plans Further Fund Raising
PC Jeweller Limited (PCJ) reported robust Q1 financial results with revenue reaching ₹725.00 crores, an 81% increase year-over-year. Gross profit grew by 122% to ₹144.00 crores, EBITDA increased by 136% to ₹210.00 crores, and profit after tax rose by 73% to ₹164.00 crores. The company has reduced its bank debt by over 50% in the previous fiscal year and aims to be debt-free by year-end. PCJ's Board approved raising up to ₹500.00 crores through preferential allotment. The company's store network now stands at 48 owned and 3 franchise stores across 37 cities in India.
01Aug 25
PC Jeweller Reports Robust Q1 Performance with 81% Sales Growth
PC Jeweller Limited reported impressive Q1 results with domestic sales reaching Rs 725.00 crores, an 81% increase year-over-year. EBITDA rose 136% to Rs 210.00 crores, while PAT grew 73% to Rs 164.00 crores. The company continues its debt reduction strategy, aiming to be debt-free by fiscal year-end. PC Jeweller raised funds through preferential issues and maintains a network of 51 showrooms across India. The company attributes its success to increased operational levels and higher customer demand.
01Aug 25
PC Jeweller Reports Strong Q1 Performance, Aims for Debt-Free Status
PC Jeweller Limited announced robust Q1 financial results with 81% revenue growth to ₹725.00 crores and 73% increase in PAT to ₹164.00 crores. The company has reduced its outstanding bank debt by over 50% in the previous fiscal year and aims to be debt-free by the end of the current fiscal year. PCJ raised ₹2,702.11 crores through a preferential issue and plans to raise an additional ₹500.00 crores. The company currently operates 51 showrooms across 37 Indian cities.
25Jul 25
PC Jeweller Expands Paid-Up Capital to ₹692.22 Crore with Massive Equity Share Allotment
PC Jeweller has allotted 34.68 crore equity shares following the conversion of warrants, expanding its paid-up capital to ₹692.22 crore. The allotment involved both promoter group and non-promoter public categories, with 9.01 crore shares allotted to promoters and 25.66 crore to the public at an issue price of ₹56.20 per warrant. This move resulted in a slight shift in shareholding structure, with promoters now holding 39.38% and the public 60.62%. The company received ₹146.17 crore from this conversion, potentially strengthening its financial position.
10Jul 25
PC Jeweller Unveils Ambitious ₹500 Crore Fundraising Plan Through Preferential Allotment
PC Jeweller's Board has approved a plan to raise ₹499.99 crore through preferential allotment. This includes issuing 9.72 crore fully convertible warrants to the promoter group and 18.06 crore equity shares to non-promoter investors, both priced at ₹18 per share. The move will slightly increase promoter shareholding from 39.09% to 40.32%. The company also plans to increase its authorized share capital and create additional equity shares. Shareholder approval will be sought through a postal ballot.
10Jul 25
PC Jeweller Unveils Ambitious ₹500 Crore Fund-Raising Plan Through Preferential Allotment
PC Jeweller Limited's Board of Directors has approved a plan to raise up to ₹499.99 crore through preferential allotment. The company will issue 9,72,22,222 fully convertible warrants to the promoter group at ₹18.00 per warrant, potentially raising ₹174.99 crore. Additionally, 18,05,55,555 equity shares will be allotted to non-promoter public category investors at ₹18.00 per share, aiming to raise ₹324.99 crore. Post-allotment, the promoter group's shareholding is expected to increase from 39.09% to 40.32%. The company also plans to increase its authorized share capital from ₹1,260 crore to ₹1,310 crore. Shareholders' approval will be sought through a postal ballot.
10Jul 25
PC Jeweller Board Approves Rs 500 Crore Equity Raise for Debt Reduction
PC Jeweller's board has approved raising Rs 500 crore through preferential allotment. This includes Rs 175 crore from promoter Balram Garg and Rs 325 crore from Capital Ventures Pvt Ltd, both at Rs 18 per share. The funds will be used to prepay existing debt, aiming to make the company debt-free by March 2025. The stock rose 4% to Rs 19.15 following the announcement. The company has also implemented a trading window closure for insiders until Q1 results or board meeting outcome disclosure.
08Jul 25
PC Jeweller Stock Dips 8% After Rally; Board to Consider Fund Raising
PC Jeweller's stock fell 8% on July 8, ending a five-day rally. The company announced a board meeting for July 10 to consider raising funds through preferential share issue. Despite the stock dip, PC Jeweller reported an 80% year-over-year revenue growth in Q1. The company aims to become debt-free by year-end, having already reduced over 50% of its bank debt in the current fiscal year.
07Jul 25
PC Jeweller to Consider Preferential Allotment for Fundraising, Reports Strong Growth
PC Jeweller Ltd has announced plans to consider fundraising through preferential allotment. The company has scheduled a board meeting for July 10 to discuss this proposal. PC Jeweller reported an 80% year-on-year revenue growth and has reduced its debt by over 50%, aiming to become debt-free by FY26. The company also noted ongoing operational improvements across its business.
07Jul 25
PC Jeweller Shares Soar 14% on Strong Q1 Performance and Debt Reduction Plans
PC Jeweller reported an 80% year-on-year revenue growth in Q1, leading to a 14% surge in its stock price. The company has reduced its debt by over 50% this fiscal year and aims to be debt-free by FY26. The stock has rallied 31% over the past five days and delivered a 269.76% return over the last 12 months.
07Jul 25
PC Jeweller Shares Surge in Trading: 1 Crore Shares Change Hands in Block Deals
PC Jeweller, a prominent Indian jewelry company, experienced significant stock market activity with multiple block deals. A total of 1 crore shares were traded at ₹19.00 per share. This large-volume trading has attracted market attention and may influence short-term stock price movements and liquidity.
04Jul 25
PC Jeweller Reports 80% Revenue Surge in Q1, Aims for Debt-Free Status by FY 2026
PC Jeweller has achieved an 80% year-on-year revenue growth in the first quarter, driven by strong wedding and seasonal purchases. The company has reduced its debt to bankers by over 50% in FY 2024-25 and an additional 7.50% in the current quarter. PC Jeweller aims to become debt-free by the end of FY 2026 and expects to maintain its growth momentum in upcoming quarters.
03Jul 25
PC Jeweller: 80% Revenue Surge in Q1 Driven by Festive Demand
PC Jeweller announced an 80% year-on-year revenue increase in Q1, driven by strong wedding and seasonal purchases. The company has reduced its outstanding debt to bankers by over 50%, with an additional 7.5% reduction in the current quarter. PC Jeweller aims to become debt-free by the end of FY 2026 while maintaining growth momentum.
18Mar 25
PC Jeweller Allots 51.7 Crore Shares to Banks in ₹1,510 Crore Debt Settlement
PC Jeweller Limited has approved the allotment of 51.71 crore equity shares to a consortium of 14 banks, settling ₹1,509.97 crore of outstanding debt. The shares, issued at ₹29.20 per share, have increased the company's paid-up equity share capital from ₹583.82 crore to ₹635.53 crore. State Bank of India received the largest portion of shares. This move, part of a Joint Settlement Agreement from September 30, 2024, aims to improve PC Jeweller's financial position but results in significant shareholder dilution.
17Mar 25
PC Jeweller Settles ₹1,510 Crore Debt Through Massive Share Allotment to Banks
PC Jeweller Ltd has approved the allotment of 51.71 crore equity shares to a consortium of 14 banks, settling ₹1,510.00 crore of outstanding debt. The shares were issued at ₹29.20 per share with a face value of ₹1.00. State Bank of India received the largest allocation of 17.66 crore shares. This move increases PC Jeweller's paid-up equity share capital from ₹583.82 crore to ₹635.53 crore. The allotment follows regulatory approvals and aims to improve the company's balance sheet and financial stability, albeit with significant equity dilution.
13Mar 25
PC Jeweller Shares Surge as Mauritius-Based FII Acquires 5.757% Stake
PC Jeweller Ltd's stock price increased by over 5% following news that UNICO GLOBAL OPPORTUNITIES FUND LIMITED, a Mauritius-based FII, acquired 5,45,00,000 warrants, representing a 5.757% stake in the company. The warrants were priced under ₹20 per share. This acquisition is seen as a vote of confidence in PC Jeweller's future prospects and could potentially lead to a significant capital infusion if the warrants are converted to equity shares.