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Shares of jewellery firm PC Jeweller Ltd continued their sharp upward momentum on Monday, surging as much as 15% to a high of ₹19.17 during morning trade on the National Stock Exchange (NSE). The stock opened at ₹17.40, marking a 4.25% rise from the previous close of ₹16.69, and was trading at ₹19.05 at 10:36 AM.
This marks the fourth consecutive session of gains for the stock, during which it has jumped nearly 56%. In the previous session on July 4, the stock rose as much as 20% intraday before settling 19% higher at close.
The rally follows the company’s 80% year-on-year revenue growth in the April–June quarter (Q1FY26), attributed to strong consumer demand despite volatility in gold prices. The company’s current market capitalisation stands at ₹12,532.67 crore.
The small-cap jewellery firm reported an 80% year-on-year growth in standalone revenue for the April–June quarter (Q1FY26), according to its exchange filing dated July 3. The company attributed the strong performance to robust consumer demand, particularly during the wedding and festive season, and ongoing efforts to improve operational efficiency, despite volatility in gold prices.
As part of its financial restructuring, PC Jeweller reiterated its target of becoming debt-free by the end of FY26. The company disclosed it had already reduced its outstanding debt by over 50% in FY25 and further brought down borrowings by an additional 7.5% during the current quarter.
Signs of a turnaround had already emerged in the March 2025 quarter (Q4FY25), when the company swung to a net profit of ₹95 crore, compared to a net loss of ₹124 crore in Q4FY24. EBITDA for the quarter rose sharply to ₹144 crore, up from ₹10 crore a year earlier, while sales surged to ₹699 crore, against ₹48 crore in the same quarter last year.
The improved quarterly performance, along with significant debt reduction and margin recovery, has brought the stock back into investor focus.
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