PC Jeweller Becomes Debt-Free as Q2 Revenue Grows 28%

PC Jeweller Ltd

reported approximately 28% year-on-year growth in consolidated revenue during Q2 FY27, alongside a major improvement in its financial position after repaying all outstanding bank borrowings. Debt-Free Status Achieved in Q2 FY27: The company confirmed that it repaid outstanding debt to all consortium banks during the quarter ended September 30, 2026. The repayments were completed ahead of their scheduled due dates. - Revenue growth: Approximately 28% YoY - Bank debt: Fully repaid - Export receivables recovered: Approximately ₹142 crore - Fundraising completed: ₹500 crore through a preferential issue of equity shares and warrants on September 24, 2026. Lower Interest Costs May Support Profitability: With no outstanding bank borrowings, PC Jeweller expects to save on future interest expenses. This could support its bottom line and strengthen its balance sheet. The company also received approximately ₹142 crore from outstanding export debtors during Q2 FY27 following negotiations to resolve issues relating to export receivables. The company stated that the recovery process had commenced with these remittances. Disclaimer: This content is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell any security. Investors should conduct their own research and consider their risk profile before making any investment decision.