PC Jeweller Q2 FY27 PAT Up 107% to ₹299 Cr, Revenue Grows 28% to ₹1,054 Cr; Becomes Debt-Free
PC Jeweller reported Q2 FY27 consolidated revenues of ₹1,054 crore, up 28% YoY, with Operating PAT rising 107% to ₹299 crore. The company achieved debt-free status by repaying all consortium bank dues ahead of schedule. They also received ₹142 crore from export receivables and plan to open 100 new showrooms.
The substantial increase in profits, revenue growth, and achieving debt-free status are material financial events that will significantly impact the company's valuation and investor perception. Expansion plans also indicate future growth potential.
The company reported strong financial results with significant year-on-year growth in revenue and profit, and achieved a major milestone by becoming debt-free. Expansion plans and progress in export receivables realization further contribute to a positive outlook.
PC Jeweller Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported consolidated revenues of ₹1,054 crore for Q2 FY27, a year-on-year growth of 28%, driven by healthy consumer demand.
The company achieved a significant milestone by becoming debt-free, repaying its outstanding dues to all 14 consortium banks ahead of schedule. This is expected to lead to a substantial reduction in interest costs from the second half of FY27, positively impacting net profit.
Key financial highlights for the consolidated results include a 28% increase in sales to ₹1,054 crore, a 68% rise in Gross Profit to ₹325 crore, a 74% jump in Operating EBITDA to ₹310 crore, a 116% surge in Operating PBT to ₹295 crore, and a 107% increase in Operating PAT to ₹299 crore for Q2 FY27.
For the half-year ended September 30, 2026, consolidated sales grew by 25% to ₹1,932 crore, Operating EBITDA increased by 81% to ₹551 crore, and Operating PAT rose by 129% to ₹512 crore.
Other notable achievements include the realization of approximately ₹142 crore from export receivables and plans to expand its retail network with up to 100 large-format showrooms in Tier I, II, and III cities over the next 12-18 months through a mix of own and franchise models. The company is also developing a new brand targeting GEN-Z customers with demi-fine and lab-grown diamond jewelry. Furthermore, its subsidiary in Chad has commenced gold mining activities as part of its backward integration strategy.
The Board of Directors also took note of fines imposed by BSE Limited and National Stock Exchange of India Limited amounting to ₹47,200 each (including GST) for the delay in submission of a trading approval application, which was stated to be unintentional. The Board meeting commenced at 5:00 PM and concluded at 5:55 PM on October 21, 2026.
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