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PC Jeweller Q2 Profit Surges 58 Percent to ₹331 Crore, Company Becomes Debt-Free
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CNBC Awaaz•21-10-2026, 18:47
PC Jeweller Q2 Profit Surges 58 Percent to ₹331 Crore, Company Becomes Debt-Free
- •PC Jeweller reported a 58% year-on-year increase in consolidated net profit at ₹331 crore for the second quarter.
- •Company's revenue grew by 27.8% to reach ₹1,054 crore, driven by strong operational performance.
- •PC Jeweller achieved a major milestone by repaying debts of all 14 banks ahead of schedule, becoming completely debt-free.
- •The company plans to open up to 100 new showrooms in Tier-1, Tier-2, and Tier-3 cities over the next 12 to 18 months.
Key Questions Answered
In the second quarter of the financial year 2026-27, PC Jeweller reported a consolidated net profit surge of 58% year-on-year to reach ₹331 crore, while its revenue increased by 27.8% to ₹1,054 crore.
PC Jeweller successfully repaid the outstanding debt of all 14 banks in its consortium ahead of schedule, reducing its bank borrowings to zero and releasing all associated securities and guarantees.
PC Jeweller plans to open up to 100 large showrooms in Tier-1, Tier-2, and Tier-3 cities within 12 to 18 months, alongside launching a new jewelry brand focused on Gen-Z customers featuring lightweight and lab-grown diamond jewelry.
