PC Jeweller falls 5% after sharp 3-day rally. Here's why
Shares of PC Jeweller fell over 5% on Tuesday, with investors possibly resorting to profit booking after the jewellery maker’s shares surged 37% in just three sessions.
PC Jeweller shares fell to Rs 13.18 apiece on Tuesday morning. The stock has gained 31% in the past week and 45% so far in 2026. Over the longer term, the shares have delivered stellar returns of 388% in three years and 424% in five years.
PC Jeweller to track to become debt-free this month
The earlier sharp surge in PC Jeweller’s share price came after the company last week said it has cleared its outstanding debt to one more bank under a settlement agreement dated September 30, 2024. It has now repaid all outstanding debt to 9 of the 14 consortium banks, with every repayment completed ahead of the scheduled due dates, the company said in a regulatory filing on Thursday.
Also read | PC Jeweller clears debt to ninth consortium bank, eyes debt-free status this month
PC Jeweller added that it has discharged more than 96% of the outstanding debt owed to the remaining five banks, and remains on track to clear the balance of less than 4% owed to these banks to achieve “debt-free” status by the end of this month. The company said this will materially strengthen its balance sheet.
The settlement agreement, which was signed in September, 2024, was a one-time settlement between PC Jeweller and a 14-bank consortium led by State Bank of India to resolve a stressed loan book that stood at nearly Rs 4,100 crore as of March 2024. The other consortium members included Union Bank, Punjab National Bank, Axis Bank, IndusInd Bank, Bank of India, IDBI Bank, Karur Vysya Bank, Kotak Mahindra Bank, Indian Overseas Bank, Canara Bank, Indian Bank, Bank of Baroda and IDFC First Bank.
PC Jeweller Q1 results
PC Jeweller in August reported a consolidated net profit of Rs 222 crore in Q1 FY27, marking 37% year-on-year (YoY) increase from the Rs 153 crore reported in the year-ago period. Revenue from operations meanwhile rose 21% YoY to Rs 877 crore in the April-June quarter of the ongoing financial year, from Rs 725 crore in the year-ago period.
PC Jeweller’s consolidated operating PAT, excluding other income, surged to Rs 213 crore in Q1 FY27 from Rs 79 crore in the year-ago quarter. This translates into an impressive 168% YoY growth, highlighting a substantial improvement in the company's core business performance.
Also read | PC Jeweller share price jumps as Q1 FY27 profit surges 37% YoY, revenue up 21%
Disclosure: "This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The EconomicTimes Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment."
PC Jeweller shares fell to Rs 13.18 apiece on Tuesday morning. The stock has gained 31% in the past week and 45% so far in 2026. Over the longer term, the shares have delivered stellar returns of 388% in three years and 424% in five years.
PC Jeweller to track to become debt-free this month
The earlier sharp surge in PC Jeweller’s share price came after the company last week said it has cleared its outstanding debt to one more bank under a settlement agreement dated September 30, 2024. It has now repaid all outstanding debt to 9 of the 14 consortium banks, with every repayment completed ahead of the scheduled due dates, the company said in a regulatory filing on Thursday.
Also read | PC Jeweller clears debt to ninth consortium bank, eyes debt-free status this month
PC Jeweller added that it has discharged more than 96% of the outstanding debt owed to the remaining five banks, and remains on track to clear the balance of less than 4% owed to these banks to achieve “debt-free” status by the end of this month. The company said this will materially strengthen its balance sheet.
The settlement agreement, which was signed in September, 2024, was a one-time settlement between PC Jeweller and a 14-bank consortium led by State Bank of India to resolve a stressed loan book that stood at nearly Rs 4,100 crore as of March 2024. The other consortium members included Union Bank, Punjab National Bank, Axis Bank, IndusInd Bank, Bank of India, IDBI Bank, Karur Vysya Bank, Kotak Mahindra Bank, Indian Overseas Bank, Canara Bank, Indian Bank, Bank of Baroda and IDFC First Bank.
PC Jeweller Q1 results
PC Jeweller in August reported a consolidated net profit of Rs 222 crore in Q1 FY27, marking 37% year-on-year (YoY) increase from the Rs 153 crore reported in the year-ago period. Revenue from operations meanwhile rose 21% YoY to Rs 877 crore in the April-June quarter of the ongoing financial year, from Rs 725 crore in the year-ago period.
PC Jeweller’s consolidated operating PAT, excluding other income, surged to Rs 213 crore in Q1 FY27 from Rs 79 crore in the year-ago quarter. This translates into an impressive 168% YoY growth, highlighting a substantial improvement in the company's core business performance.
Also read | PC Jeweller share price jumps as Q1 FY27 profit surges 37% YoY, revenue up 21%
Disclosure: "This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The EconomicTimes Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment."
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