PC Jeweller Q1FY27 Revenue Up 21% to ₹877 Crore; Debt-Free Status Expected This Quarter
PC Jeweller's Q1FY27 consolidated revenues grew 21% YoY to ₹877 crore. Operating EBITDA increased 90% to ₹242 crore, and Operating PAT rose 168% to ₹213 crore. The company is on track to become debt-free this quarter, having repaid 7 out of 14 consortium banks. A ₹1,000 crore QIP is planned for July 2026.
The substantial improvement in financial performance, the near completion of debt repayment, and plans for future fundraising and strategic partnerships are material developments that will significantly impact the company's financial health and growth prospects.
The company reported strong year-on-year growth in revenue and profits, significant progress in debt reduction, and strategic initiatives for future growth, indicating a positive financial and operational outlook.
PC Jeweller Limited reported robust operational performance for the quarter ended June 30, 2026 (Q1FY27), with consolidated revenues increasing by approximately 21% year-on-year to ₹877 crore. The company's turnaround journey is highlighted by significant growth across key financial metrics: Gross Profit rose by 81% to ₹260 crore, Operating EBITDA increased by 90% to ₹242 crore, and Operating Profit Before Tax (PBT) surged by 176% to ₹223 crore.
Consolidated Operating Profit After Tax (PAT), excluding other income, grew substantially by 168% to ₹213 crore in Q1FY27 from ₹79 crore in Q1FY26. The company has made considerable progress in its deleveraging efforts, fully repaying the debt of 7 out of 14 consortium banks ahead of schedule and discharging over 96% of the outstanding debt for the remaining 7 banks. PC Jeweller remains on track to achieve a debt-free status within the current quarter, which is expected to significantly strengthen its balance sheet.
Fundraising of ₹2,702.11 crore through a preferential issue of fully convertible warrants was successfully completed during the quarter, with 93% of the proceeds realized. Additionally, since the end of the quarter, an additional 4.16 crore warrants have been converted into equity shares, reflecting continued promoter confidence. In July 2026, the Board approved raising up to ₹1,000 crore through a Qualified Institutional Placement (QIP), subject to approvals, to support future growth.
In strategic operational developments, PCJ Mining SARL, a step-down subsidiary, was granted a license for semi-mechanized artisanal gold mining in the Republic of Chad. The company also received encouraging responses for establishing large-format franchisee showrooms and has executed MoUs with the National Skill Development Corporation (NSDC) and the Government of Uttar Pradesh under the CM YUVA scheme for entrepreneur onboarding. These initiatives are expected to yield long-term benefits.
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