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PC Jeweller Q2 Net Profit Soars 58% to ₹331 Crore as Debt is Cleared

India exported $2.21 billion (about ?21,011 crore) worth of gem and jewellery products in June 2026, according to the Gem & Jewellery Export Promotion Council (GJEPC). While gold jewellery remains a key export, the sector is supported by a diverse mix of products. Here's a look at India's top seven gem and jewellery export categories. (Image: Canva)

CNBC TV18•21-10-2026, 19:02

•PC Jeweller reported a 58% year-on-year increase in consolidated net profit to ₹331 crore for Q2 FY27.
•Revenue rose 27.8% to ₹1,054 crore, while EBITDA surged 74.1% to ₹309 crore with margins expanding to 29.3%.
•The company has fully repaid all outstanding bank debt, resulting in the release of mortgaged assets and securities.
•PC Jeweller plans to open up to 100 new showrooms over the next 12-18 months through company-owned and franchise outlets.
•A new jewellery brand targeting younger consumers with lightweight and lab-grown diamond jewellery is under development.

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Key Questions Answered

PC Jeweller reported a 58% year-on-year increase in consolidated net profit to ₹331 crore for the second quarter of FY27. Additionally, the company's consolidated revenue rose by 27.8% to reach ₹1,054 crore compared to ₹825 crore in the corresponding period last year.

PC Jeweller fully repaid all outstanding bank debt to its consortium of lenders under the terms of a settlement agreement, receiving no-objection and release letters. This repayment resulted in the complete release of all mortgaged assets, guarantees, and securities.

PC Jeweller plans to open up to 100 new showrooms over the next 12 to 18 months through company-owned and franchise outlets. The company is also developing a new brand focused on demi-fine, lightweight, and lab-grown diamond jewellery targeted at younger consumers.