3 hrs ago

PC Jeweller Shares Rise After Debt-Free Status and Revenue Growth

PC Jeweller share price jumps over 7% on Q2 update · livemint.com

PC Jeweller said its sales revenue grew about 28% in the second quarter compared with a year earlier.

The company also said it had paid back all its outstanding bank debt during the September quarter.

It completed those payments before the scheduled dates.

The company said it had owed money to 14 banks.

It also received ₹142 crore from customers who owed money for exports.

PC Jeweller expects having no bank debt to reduce future interest costs.

After the update, its shares rose more than 7% on Thursday, 8 October.

A technical analyst said the share price might move towards ₹15, while around ₹13 could provide support.

Key facts

Quarterly revenue growth: About 28% year-on-year in July–September 2026.
Debt repayment: Outstanding debt to all 14 consortium banks was repaid ahead of schedule.
Export debtor remittances: ₹142 crore received during the quarter.
Share-price move: Shares rose more than 7% on Thursday, 8 October.
BSE trading range: Intraday low of ₹13.43 and high of ₹14.26.
Prior debt settlement: The company opted for a one-time settlement with its consortium of banks in September 2024; its debt at the time was around ₹3,000 crore.
Fundraising: Completed a ₹500 crore preferential issue of equity shares and warrants on 24 September 2026, following conversion of all warrants allotted to promoter Balram Garg.

livemint.com · 3 hrs ago