PC Jeweller Q1 Profit Jumps 37% on Strong Revenue

PC Jeweller announced a significant 37.2% year-on-year increase in its consolidated net profit for the first quarter of financial year 2026-27, reaching ₹222 crore. This marks a rise from ₹161.9 crore recorded in the corresponding period last year.

The jewellery retailer’s revenue from operations climbed 21% to ₹877.04 crore, up from ₹724.91 crore. Operating earnings before interest, tax, depreciation, and amortisation (EBITDA) saw an 89.7% jump, settling at ₹241.56 crore compared to ₹127.3 crore previously.

Quarterly Performance and Capital Moves

On a quarter-on-quarter basis, profit after tax (PAT) improved by 45.32% from ₹152.89 crore in the March quarter. This profit growth occurred despite a 5.4% decline in revenue from operations over the same period.

During the quarter, PC Jeweller successfully completed a ₹2,702.11 crore fundraising initiative via a preferential issue of fully convertible warrants. The company confirmed that 93% of the proceeds from this issue have already been realised.

Following the quarter’s conclusion, promoters converted an additional 4.16 crore warrants into equity shares. In July, the company’s board granted approval to pursue raising up to ₹1,000 crore through a qualified institutional placement, pending necessary regulatory clearances.

Strategic Diversification and Market Position

PC Jeweller has also expanded its operational scope beyond traditional retail. Its step-down subsidiary, PCJ Mining SARL, secured a license for semi-mechanised artisanal gold mining operations in Chad.

The company formed key partnerships with the National Skill Development Corporation (NSDC) and the Uttar Pradesh government under the Chief Minister Yuva Udyami Vikas Abhiyan scheme. Through the NSDC collaboration, PC Jeweller will act as an industry and franchise partner for the gems and jewellery sector, aiming to onboard up to 200,000 micro-entrepreneurs across India over five years.

Retail Footprint and Stock Trajectory

As of June 30, 2026, PC Jeweller maintained a substantial retail presence, operating 2.05 lakh square feet of retail area with showrooms across 12 states, complemented by its e-commerce platform.

PC Jeweller shares closed at ₹9.77 on August 10, remaining unchanged for the day. The stock has posted gains of 1.87% over the past week and 3.37% in three months, with a year-to-date increase of 3.04%. While the stock declined 29.15% over a one-year period, it has delivered a significant 257.09% return over the past three years.