PC Jeweller Q3FY26 Standalone Revenue Surges 37% YoY to ₹875 Crore; Debt Reduction Progresses
PC Jeweller reported Q3FY26 standalone revenue of ₹875 crore, a 37% YoY increase. Nine-month revenue rose 57% to ₹2,426 crore. PAT grew 28% to ₹187 crore in Q3FY26. Outstanding debt reduced by 68% since September 30, 2024. The company signed an MoU with UP government to support 1,000 franchise units.
The strong financial performance, substantial debt reduction, and strategic expansion plans through government partnerships indicate a significant positive impact on the company's financial health and market position.
The company reported significant year-over-year growth in revenue, profit, and EBITDA. There is also positive progress on debt reduction and a new strategic initiative to expand its franchise network.
PC Jeweller Limited reported a strong operational performance for the third quarter and nine months ended December 31, 2025. The company's standalone domestic revenues grew by approximately 37% year-over-year to ₹875 crore in Q3FY26, driven by sustained consumer demand during the festive and wedding seasons.
For the nine months ended December 31, 2025, sales increased by 57% to ₹2,426 crore compared to ₹1,544 crore in the same period last year. Gross profit saw a significant jump of 63% to ₹219 crore in Q3FY26 and 84% to ₹553 crore in 9MFY26. EBITDA also showed robust growth, rising by 46% to ₹225 crore in Q3FY26 and by 83% to ₹681 crore in 9MFY26.
The company's Profit After Tax (PAT) increased by 28% to ₹187 crore in Q3FY26 from ₹146 crore in Q3FY25. The operating PAT for 9MFY26 stood at ₹554 crore, an 86% increase from ₹297 crore in 9MFY25.
PC Jeweller continues to progress towards its goal of becoming debt-free, having reduced its outstanding debt by approximately 68% since the execution of the Settlement Agreement with banks on September 30, 2024. The company expects to realize the remaining amount from preferential warrants by March 2026, further solidifying its debt-free objective.
In a significant initiative, the company signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh under the Chief Minister – Yuva Udyami Vikas Abhiyan (CM-YUVA). As part of this, PC Jeweller will support trained goldsmith entrepreneurs in establishing 1,000 jewellery retail franchise units. The company also plans to open up to 100 large franchise showrooms within the next 12-18 months, aiming to gain market share from the unorganized sector without additional capital investment.
Furthermore, the company has regained possession of all its inventory, with keys and inventory of certain showrooms, previously in the custody of the Debts Recovery Appellate Tribunal (DRAT), being handed back on October 7, 2025, following compliance with the Joint Settlement Agreement terms.
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