PC Jeweller Q3 FY26: Strong Growth and Strategic Expansion

reported a robust financial performance for Q3 FY2025–26, with net profit jumping 28% year-on-year to ₹187 crore. This growth was supported by a 37% surge in consolidated revenue, reaching ₹875 crore, primarily driven by high consumer demand during the festive and wedding seasons. The company's operational efficiency also saw an uptick, with EBITDA rising to ₹225 crore and margins improving to 25.71%, reflecting a disciplined approach to sales and costs. A key highlight of the report is the company’s aggressive push toward becoming debt-free. Since its settlement agreement with banks in September 2024, PC Jeweller has successfully reduced its outstanding debt by approximately 68%. Management expressed strong confidence in clearing the remaining debt shortly, which would significantly strengthen the company’s balance sheet and financial stability. Looking ahead, the company is pivoting toward a massive retail expansion. It plans to seek board approval for opening 100 large-format franchise showrooms over the next 12–18 months. Additionally, through an MoU with the Government of Uttar Pradesh and the CM-YUVA portal, the brand aims to support rural entrepreneurs in establishing 1,000 small retail units. With improving operational momentum and a cleaner balance sheet, PC Jeweller is positioning itself for sustainable long-term growth in the competitive jewellery market.