$PCJEWELLER PC Jeweller Ltd reported a strong turnaround in its Q4 FY26 results

PC Jeweller Ltd reported a strong turnaround in its Q4 FY26 results, with net profit surging 61 % YoY to ₹153 crore and revenue rising 33 % YoY to ₹927 crore. The company also announced major expansion and debt‑reduction milestones, signaling renewed investor confidence. 💎 PC Jeweller Q4 FY26 Highlights (Quarter Ended 31 March 2026) Metric Q4 FY26 YoY Change Key Notes Revenue ₹927 crore +33 % Driven by strong domestic demand and higher gold prices. Net Profit ₹153 crore +61 % Up from ₹95 crore last year; turnaround momentum sustained. EBITDA ₹164 crore +13 % Margin contracted to 17.6 % (vs 20.7 % YoY) due to higher input costs. PBT ₹~153 crore +59 % Reflects improved cost efficiency and operating leverage. EPS ₹0.30 (est.) ↑ YoY Boosted by profit growth and debt reduction. 🧾 Full‑Year FY26 Performance Revenue: ₹3,353 crore vs ₹2,243 crore in FY25 (+49 % YoY) Operating PAT: ₹705 crore vs ₹392 crore (+80 % YoY) Debt Reduction: Over 90 % repaid since Sept 2024 bank settlement. Preferential Issue: ₹2,702 crore fully convertible warrants completed in Apr 2026. 🏬 Strategic Updates Expansion Plan: Up to 100 large‑format franchise showrooms in the next 12–18 months to boost presence without new capital investment. Management: Re‑appointment of Managing Director Balram Garg effective 1 July 2026 for five years. Focus: Franchise‑led growth model and continued debt‑free journey. 📈 Market Reaction Share Price: ₹9.21 (+0.88 %) on BSE as of 27 May 2026. Investor Sentiment: Positive due to profit surge and debt reduction. Analyst View: Margins slightly compressed but turnaround story intact; expansion plan seen as growth driver for FY27. 🔍 Key Takeaways PC Jeweller has regained momentum after years of financial stress. Debt reduction > 90 % strengthens balance sheet and credit profile. Franchise expansion strategy positions the company for asset‑light growth. Margins watch: EBITDA compression to 17.6 % may limit short‑term profit scaling