PC Jeweller Approves Q3FY26 Results, Plans 100 New Franchise Showrooms, Appoints New CIO
PC Jeweller reported Q3FY26 standalone domestic revenue of ₹875 crore, up 37% YoY. For 9MFY26, sales grew 57% to ₹2,426 crore. The company plans to open up to 100 new franchise showrooms in 12-18 months and has appointed Vivek Jain as CIO. Debt reduction continues, with a 68% decrease since September 2024.
The financial results show significant year-on-year growth, and the strategic decision to open a large number of franchise showrooms indicates a substantial business expansion plan. The continued progress towards becoming debt-free is also a major positive development for the company's financial health.
The company reported strong YoY growth in revenue and profits for the quarter and nine months ended December 31, 2025. Expansion plans through new franchise showrooms and debt reduction efforts indicate positive future outlook.
PC Jeweller Limited's Board of Directors, in a meeting held on January 27, 2026, approved the un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company reported a standalone domestic revenue growth of approximately 37% YoY to ₹875 crore in Q3FY26. Sales increased by 37% to ₹875 crore, Gross Profit by 63% to ₹219 crore, EBITDA by 46% to ₹225 crore, and PBT by 29% to ₹189 crore for the quarter.
For the nine-month period ended December 31, 2025, Sales grew by 57% to ₹2,426 crore, Gross Profit by 84% to ₹553 crore, EBITDA by 83% to ₹681 crore, and PBT by 58% to ₹557 crore.
The company also approved plans to register as a franchisee brand with various states and union territories, leveraging the success of the 'Chief Minister - Yuva Udyami Vikas Abhiyan' campaign. Furthermore, to expand its business, the Board approved opening up to 100 large franchise showrooms within the next 12-18 months, aiming to increase retail footprint and access untapped rural and semi-urban markets.
In terms of senior management, Shri Vivek Jain was appointed as the Chief Information Officer effective February 1, 2026. The Board also accepted the resignation of Smt. Sheiba Anand as President (Retail Operations) effective January 27, 2026.
The company continues its progress towards becoming debt-free, having reduced outstanding debt by approximately 68% since the settlement agreement on September 30, 2024. The company has also regained possession of all its inventory and showrooms previously in the custody of DRAT, following compliance with the settlement terms.
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