PC Jewellers reported a strong financial performance for the second quarter of the 2026-27 fiscal year, with net profit soaring 58% year-on-year to ₹331.08 crore. This growth was supported by a 27.8% increase in consolidated revenue from operations, which reached ₹1,054.47 crore during the quarter ending September 30, 2026.
- Net profit increased by 57.99% YoY to ₹331.08 crore.
- Revenue from operations rose 27.8% YoY to ₹1,054.47 crore.
- Operating EBITDA surged 74% YoY to ₹310 crore.
- Received ₹142 crore from outstanding export debtors.
- Plans to open up to 100 new showrooms in 12 to 18 months.
- Launching a new brand focused on demi-fine and lab-grown diamond jewellery.
- Cleared all outstanding bank debts, carrying zero borrowings now.
How did PC Jewellers perform financially in Q2 FY27?
PC Jewellers posted a consolidated net profit of ₹331.08 crore in the second quarter of FY27, marking a 57.99% increase compared to ₹209.56 crore in the same period last year. The company’s revenue from operations also grew by 27.8% year-on-year, reaching ₹1,054.47 crore. This indicates strong consumer demand and effective business management during the quarter.
What was the change in operating EBITDA?
The company’s operating EBITDA, which measures earnings before interest, taxes, depreciation, and amortisation, rose sharply by 74% year-on-year to ₹310 crore in Q2 FY27. This increase from ₹178 crore in the previous year reflects improved operational efficiency and profitability.
What progress has PC Jewellers made with export receivables?
PC Jewellers received remittances of approximately ₹142 crore from its outstanding export debtors during the quarter. The company successfully resolved issues related to these export receivables through negotiations, leading to the commencement of payments. This resolution improves the company’s cash flow and financial stability.
What are PC Jewellers’ expansion and product plans?
The company plans to open up to 100 new showrooms, both owned and franchised, within the next 12 to 18 months. Additionally, it is preparing to launch a new jewellery brand focused on demi-fine, lightweight jewellery and lab-grown diamond fine jewellery. This new brand targets younger, self-purchasing customers and aims to capitalize on the growing demand for these segments in India.
How is the new jewellery segment expected to impact the company?
The lightweight and lab-grown diamond jewellery segment is expected to offer higher gross margins than traditional jewellery. It is also capital efficient, which can improve inventory turnover and return on capital as the business grows. This strategic move could enhance PC Jewellers’ profitability and market presence.
What is the status of PC Jewellers’ debt?
During the quarter, PC Jewellers fully repaid all outstanding debts to its 14 consortium banks ahead of the scheduled due dates. The company now carries zero bank borrowings, and all related charges, securities, and guarantees have been released. This debt-free status means the company will no longer incur borrowing-related finance costs, which will positively affect its future earnings.
What is PC Jewellers’ market capitalisation?
As of October 21, 2026, PC Jewellers has a total market capitalisation of ₹18,051.20 crore according to data from the National Stock Exchange (NSE). This reflects the company’s strong market position and investor confidence.
