PC Jeweller to Face Scrutiny on Monday Amid Market Concerns

PC Jeweller Reduces Outstanding Bank Debt by 10%

PC Jeweller Ltd. has made significant progress in its debt reduction plan, reducing its outstanding bank debt by approximately 10% as per the company's joint settlement agreement with a group of lenders. This development is a part of the jewellery brand's ongoing efforts to achieve a debt-free status.

According to an exchange filing on April 17, PC Jeweller has successfully reduced its outstanding debt of the banks by another approximately 10%. With this latest reduction, the company has now repaid and discharged more than 90% of its outstanding bank debt since the execution of the settlement agreement. This progress is aligned with the company's objective of achieving a debt-free status, and it remains committed to completing its financial restructuring exercise.

PC Jeweller's Q4 results showed a significant growth in revenue, with the company's standalone revenue growing 32% annually during the fourth quarter of the last fiscal year ended March 2026. The company's revenue growth was also supported by a steady performance across quarters, with a revenue growth of around 49% year-on-year for FY26.

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The company's subsidiary has also incorporated PCJ Mining SARL in the Republic of Chad to undertake the extraction of precious metal ores, providing the Group with an opportunity to explore mining operations and possibly establish vertical integration across its value chain. Additionally, PC Jeweller has executed a Memorandum of Understanding (MoU) with National Skill Development Corporation to act as an industry/franchise partner for the gems and jewellery sector, aiming to facilitate the development and onboarding of up to 2 lakh micro entrepreneurs across India over 5 years under its brand.

Shares of PC Jeweller Ltd. ended 0.63% higher at ₹9.59 on Friday, reflecting a surge of over 7% in the past five sessions and a gain of 12.5% over the past month, according to data available on National Stock Exchange (NSE). In the last five years, the company's stock has rallied 303%, but it has been under pressure over the last one year, declining nearly 30% in value. Recently, it has gained some momentum and pared some of the losses.