PC Jeweller's 21st AGM: Becomes Debt-Free, Reports ₹3,353 Cr Revenue for FY26
PC Jeweller Limited announced it has become debt-free and reported consolidated revenue of ₹3,353 crore for FY26, up from ₹2,245 crore. Net profit was ₹722 crore. The company raised ₹2,512.77 crore via warrants and plans to open up to 100 new showrooms in 12-18 months. A subsidiary was incorporated in Chad for gold mining.
Becoming debt-free is a major financial turnaround. Strong revenue growth and strategic expansion plans indicate significant positive future prospects for the company.
The company has become debt-free, reported strong revenue and profit growth, and outlined strategic expansion plans including new brands and international ventures.
PC Jeweller Limited held its 21st Annual General Meeting (AGM) on September 30, 2026, through Video Conferencing. During the meeting, it was announced that the company has successfully become debt-free by discharging all its debt repayment obligations to banks. This milestone is a significant achievement in the company's turnaround journey, strengthening its balance sheet.
The company also reported strong financial performance for the financial year 2025-26, with consolidated revenue from operations amounting to ₹3,353 crore, a substantial increase from ₹2,245 crore in the previous year. Consolidated net profit for FY26 stood at ₹722 crore, up from ₹577 crore in the prior year. The Chairman's speech highlighted the successful completion of preferential issues, including a ₹2,512.77 crore fundraise through Fully Convertible Warrants on April 10, 2026, and another ₹500 crore fundraise on September 24, 2026.
PC Jeweller is exploring untapped rural and semi-urban markets by partnering with NSDC and the Government of Uttar Pradesh for its PCJ Lifestyle Franchisees model. This initiative aims for low-investment, high-impact retail expansion. The company plans to establish up to 100 new showrooms, both company-owned and franchised, in the next 12 to 18 months. Additionally, a new jewellery brand targeting youngsters is planned, focusing on lightweight, budget-friendly, and trendy designs. A subsidiary, PCJ Mining SARL, has been incorporated in the Republic of Chad for gold extraction, signaling a move towards vertical integration.
The meeting also covered the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, and the re-appointment of a director retiring by rotation. The results of the voting will be announced within two working days of the meeting's conclusion. The AGM concluded at 12:12 PM IST.
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PC Jeweller Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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