PC Jeweller Ltd. - Q2 FY26 Financial Results & Corporate Update

PC Jeweller Ltd. has reported a robust financial performance for the second quarter ending September 30, 2025 (Q2 FY26), demonstrating significant year-on-year growth driven by strong festive demand and successful operational strategies. Key Financial Highlights (Q2 FY26 vs. Q2 FY25): Net Profit: A 17.2% increase to ₹209.5 crore, up from ₹178.8 crore. Revenue from Operations: A substantial surge of 63.4%, reaching ₹825.2 crore compared to ₹505 crore. EBITDA: More than doubled to ₹177.5 crore from ₹86.2 crore. EBITDA Margin: Expanded significantly to 21.5% from 17.0%, indicating enhanced operational efficiency. Corporate Developments & Strategic Progress: Strong Domestic Demand: The company attributes its strong top-line growth to "sustained consumer demand" throughout the festive season. Aggressive Debt Reduction: Management continues to prioritize deleveraging, reducing outstanding bank debt by approximately ₹406 crore (23%) during Q2. This follows a 9% reduction in Q1 and over 50% in FY25. The remaining bank debt stands at ₹1,213 crore. Fundraising: The company successfully completed a ₹500 crore preferential allotment, a component of its broader ₹3,200 crore fundraise plan aimed at supporting its financial turnaround and expansion initiatives. Management states the remaining debt is "well and sufficiently covered" by the fundraising plan. Operational Normalization: The Debts Recovery Appellate Tribunal (DRAT) has returned the keys and inventory of all showrooms previously held under custody, confirming the company's full compliance with settlement terms. Retail Expansion: The company expanded its retail presence by launching a new franchise-owned showroom in Pitampura, Delhi, to strengthen its regional footprint. This quarter reflects a significant improvement in profitability and a strengthening balance sheet, positioning the company for continued recovery and growth.