PC Jeweller’s Q2 Profit Jumps 57.8% to 330.66 Crore Rupees
Key Facts
PC Jeweller reported consolidated net profit of 330.66 crore rupees for the quarter ended September 30, 2026, up 57.8% year on year, according to the company’s unaudited financial results. Net profit was 209.54 crore rupees in the same period a year earlier. Revenue from operations was 1,054.47 crore rupees, an increase of 28% from a year earlier, according to the company’s business update. The company attributed revenue growth to consumer demand remaining healthy. The results put higher revenue and profit at the center of its performance in the second quarter of fiscal year 2027.
Quarter on quarter, revenue from operations rose from 877.04 crore rupees in the quarter ended June 30 to 1,054.47 crore rupees in the following quarter. Net profit also increased from 221.88 crore rupees to 330.66 crore rupees between the two quarters. The results also showed operating profit of 309.62 crore rupees, compared with 177.83 crore in the corresponding period a year earlier, a year-on-year increase of 74.11%. Basic earnings per share were 0.34 rupees for the quarter, compared with 0.30 rupees a year earlier. These figures show improvements in revenue, operating profit and net profit across the comparable periods cited in the results.
The company said its outstanding bank debt had fallen to zero, which will lower interest costs going forward, support net profit and strengthen the balance sheet. On September 24, 2026, it completed a fundraise of up to 500 crore rupees through a preferential issue of shares and warrants. It said all warrants allotted to promoter Balram Garg had been converted, and the fundraise was completed on that date. The financing comes against the backdrop of the company’s announced move to zero outstanding bank debt. In its update, it said, "With no outstanding bank debt, the company will save on interest costs in the future."
On collections, the company said it received remittances of about 142 crore rupees during the quarter from export debtors with outstanding dues. It added that collections began with these remittances after disputes with the debtors were settled. The cash collections are separate from growth in revenue from operations, which the company said was about 28% year on year in the quarter. In trading on Thursday, October 22, PC Jeweller shares rose as much as 8.97% to an intraday high of 20.17 rupees, compared with the previous close of 18.51 rupees. A Business Today report linked the stock’s rise to the announcement of net profit growth and zero bank debt.