PC Jeweller reported a 61% year-on-year surge in consolidated net profit to ₹153 crore for the quarter ended March 31, 2026, on Wednesday, May 27. In the corresponding quarter last year, the company had posted a net profit of ₹95 crore.
The company’s revenue from operations increased 33% year-on-year (YoY) to ₹927 crore as compared to ₹699 crore in Q4 FY25.
On the operational level, PC Jeweller’s earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at ₹164 crore, marking a jump of 13% from ₹145 crore in the same quarter of the previous fiscal year. This was driven by operating leverage and improved cost efficiencies.
The company’s EBITDA margin, however, contracted to 17.6% in contrast to 20.7% YoY.
The company delivered a strong operating performance during the quarter, supported by sustained consumer demand during the quarter. It reported that its standalone domestic revenue rose by around 33% annually, while profit before tax (PBT) increased by about 59% year-on-year.
“FY26 was an important year for PC Jeweller, as the Company regained its momentum and delivered a strong performance throughout the year. This broad-based growth was driven by strong execution across the business, supported by continued consumer demand throughout the year, marking a meaningful progress in the Company’s ongoing turn around journey,” said PC Jeweller Managing Director Balram Garg.
For the full year FY26, revenues stood at ₹3,353 crore, as against ₹2,243 crore in FY25, representing a growth of 49%. The jewellery firm’s operating PAT for FY26 stood at ₹705 crore, compared to ₹392 crore in FY25, marking an increase of 80%, excluding income tax refund and related interest treated as exceptional items.
The jewellery company said it continues to progress towards its goal of becoming debt-free, adding that it has reduced its outstanding debt by over 90% since the execution of the settlement agreement with banks on September 30, 2024, indicating an improvement in its financial position.
Garg said that once the company becomes debt-free, it plans to enter an aggressive expansion phase, adding that it has been receiving a strong response from prospective business partners-some at advanced stages-for large-format franchisee showrooms, and expressed confidence of opening up to 100 such outlets over the next 12-18 months.
PC Jeweller’s preferential issue of fully convertible warrants amounting to ₹2,702.11 crore was completed in April 2026, with a realisation of around 93% of the total allotted warrants. The company added that the conversion strengthens its capital base and supports its progress towards becoming debt-free.
“To summarise the company’s vision going ahead, we plan for a debt-free balance sheet soon, rapid expansion through opening large-format franchise showrooms, market penetration and expansion through opening franchise showrooms under government tie-ups and value chain integration through mining activities,” said Garg.
Garg further added that the jewellery company remains focused on strengthening its core operations, improving its financial position, and pursuing strategic initiatives to drive long-term growth, noting that a significantly improved balance sheet and emerging growth opportunities position it well for sustainable expansion and value creation.
On Wednesday, PC Jeweller shares closed at ₹9.20 apiece on the National Stock Exchange, rising 0.88%. The earnings were announced after market hours.