PC Jeweller Q1 Profit Rises 37% to Rs 222 Cr on Better Income

New Delhi: PC Jeweller Ltd on Monday reported a 37 per cent increase in its consolidated net profit to Rs 221.88 crore for the quarter ended June on better revenue and said the company will become debt-free in the current quarter.

Its net profit stood at Rs 161.93 crore in the year-ago period.

Total income rose to Rs 879.27 crore in the first quarter of this fiscal from Rs 807.88 crore in the corresponding period of the preceding year, according to a regulatory filing.

PC Jeweller said the company has made significant progress in its deleveraging journey. It has fully repaid and discharged the debt of 7 out of 14 consortium banks as on date. Further, the company has discharged more than 96 per cent of the outstanding debt of the remaining 7 banks as well, the filing said.

“The company remains firmly on track to achieve a debt-free status in the ongoing quarter itself, which will materially strengthen its balance sheet and financial position,” PC Jeweller said.

The company raised Rs 2,702.11 crores via preferential issue of fully convertible warrants during the quarter ended June 2026. In the current quarter, promoters have converted an additional 4.16 crore warrants into equity shares.

PC Jeweller is one of the leading jewellery firms in the country. It has around 50 physical stores across 12 states.

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