PC Jeweller Limited submitted a business update for the quarter ended June 30, 2026 (Q1FY2027) to the listing compliance departments of BSE Limited and National Stock Exchange of India Limited.
The company reported a strong operational performance with consolidated revenue growth of approximately 21% year-over-year for Q1FY2027, reflecting significant progress in its ongoing turnaround journey.
Regarding debt reduction, the company has successfully reduced its outstanding debt payable to banks under the terms of a Joint Settlement Agreement by approximately 24% during Q1FY2027. This brings the total debt reduction to more than 90% as of the date of this disclosure, compared to the debt level at the time of executing the Settlement Agreement with banks on September 30, 2024.
The company anticipates achieving complete debt-free status in the current quarter (Q2FY2027), which is expected to significantly improve its financial position in future periods.
All financial details provided in the update are provisional and subject to Limited Review by the company's Statutory Auditor.
The disclosure was signed by Vishan Deo, Executive Director (Finance) & CFO (DIN: 07634994) on July 02, 2026.