PC JEWELLER SHARE PRICE JUMPS 35% IN ONE MONTH

shares have been on a strong uptrend of late. The jewellery stock has surged over 35% in the last 1 month, while year-to-date, it has gained 43%. This recent uptrend in the stock is because of the company's announcement about it's move towards debt-free status. It has successfully cleared and repaid all it's outstanding debt with respect to one more bank. With this successful clearance of debt, the company has now repaid all the outstanding debt of 9 out of the 14 consortium banks, with all repayments completed ahead of scheduled due dates. Further, it has discharged more than 96% of the outstanding debt of the remaining 5 banks as well. PC Jeweller showcased robust operational performance in Q1FY27, riding on improved customer demand and footfall. It's consolidated revenues increased by approximately 21% year-on- year to Rs 877 crore during the quarter, while gross profit surged by 81% YoY to Rs 260 crore.