PC Jeweller Shares Continue Rising 15% on Positive Business Outlook

On Monday, PC Jeweller shares rose by 15 percent, touching a day’s high of Rs. 19.15 on NSE, after it captured the attention of investors and market watchers with a stunning rally in its stock price, which has surged nearly 34 percent since July 3, 2025. This sharp rise is a result of the company’s well-articulated and executed strategy to reduce its debt burden, coupled with a remarkable financial turnaround in fiscal year FY25. The company’s recent performance and future outlook may have sparked renewed optimism, which is reflected in its share price.

The primary part for this surge has been PC Jeweller’s aggressive and transparent approach to debt reduction. Over the past year, the company has managed to cut its outstanding bank loans by more than half, bringing down its debt in FY25. This was achieved through a successful preferential issue of fully convertible warrants, which infused fresh capital into the business. The momentum continued into the first quarter of FY26, with an additional 7.5 percent reduction in debt, further reinforcing management’s commitment to financial discipline. The company’s leadership has set a goal to become entirely debt-free by March 2026.

Underlying this financial discipline is a robust operational performance in FY25, which marked a turnaround from the previous year. PC Jeweller reported a revenue from operations of Rs. 2,244.60 crore, a staggering 270.8 percent increase from Rs. 605.40 crore in FY24. Total income rose to Rs. 2,371.87 crore, reflecting a 254.1 percent year-on-year jump. The most important factor is the return to profitability. The company posted an EBITDA of Rs. 395 crore, compared to a negative EBITDA of Rs. 170 crore in the preceding year. Net profit for FY25 stood at Rs. 577.70 crore, a significant swing from the net loss of Rs. 629.36 crore in FY24. 

Operationally, the fourth quarter of FY25 was particularly strong for PC Jeweller. The company reported a net profit of Rs. 94.78 crore and revenue of Rs. 699.02 crore, a stark contrast to the net loss of Rs. 121.64 crore and revenue of just Rs. 48.49 crore in Q4FY24. The Q4FY25 had improved operationally as the EBITDA margins were around 21%, the highest among the 4 quarters.

Looking ahead, PC Jeweller’s management has outlined a clear and ambitious roadmap. The company is firmly on track to achieve its debt-free target while leveraging both improved cash generation and the recent capital infusion. It continues to operate over 50 showrooms across India, with plans to further strengthen its retail footprint through a mix of owned and franchisee outlets. 

The recent rally in PC Jeweller’s stock reflects a broader shift in investor sentiment, with the market rewarding companies that project financial discipline, operational resilience, and a clear strategic vision. Over the past year, PC Jeweller has delivered a 239 percent return to shareholders, far outpacing the Nifty Index and outperforming most sector peers.