PC Jeweller Limited submitted its investor presentation on the financial results for the quarter ended June 30, 2026 (Q1FY27) to BSE Limited and the National Stock Exchange of India Limited.

The document is a comprehensive investor presentation detailing the company's Q1FY27 financial performance, strategic initiatives, and future outlook.

Financial Performance

Consolidated Results for Q1FY27:

  • Sales: ₹877 crores, an increase of 21% year-on-year from ₹725 crores in Q1FY26.
  • Gross Profit: ₹260 crores, an increase of 81% from ₹144 crores in Q1FY26.
  • Operating EBITDA (excluding other income): ₹242 crores, an increase of 90% from ₹127 crores in Q1FY26.
  • Operating PBT (excluding other income): ₹223 crores, an increase of 176% from ₹81 crores in Q1FY26.
  • Operating PAT (excluding other income): ₹213 crores, an increase of 168% from ₹79 crores in Q1FY26.

The company attributed this robust performance to improved customer demand and footfall. The company was under an interest moratorium period until December 2024 per its One Time Settlement terms and only started incurring finance costs from Q4FY25 onwards. In Q1FY27, it serviced a finance cost of approximately ₹14 crores.

Debt Reduction and Fundraising

The company has made significant progress on its deleveraging journey under a Joint Settlement Agreement with a 14-bank consortium.

  • As of the date of the presentation, it has fully repaid and discharged the debt of 7 out of the 14 consortium banks, with all repayments completed ahead of schedule.
  • For the remaining 7 banks, the company has discharged more than 96% of the outstanding debt.
  • The company stated it remains firmly on track to achieve a debt-free status in the ongoing quarter (Q2FY27).

Fundraising Activities:

  • Successfully completed a fund raise of ₹2,702.11 crores via a preferential issue of fully convertible warrants during Q1FY27, with 93% of the issue proceeds realized.
  • Since the end of the quarter, promoters converted an additional 4.16 crore warrants into equity shares, demonstrating continued support.
  • In July 2026, the Board approved raising up to ₹1,000 crore through a Qualified Institutional Placement (QIP) in one or more tranches, subject to requisite approvals. The proceeds are intended to support future growth opportunities and enhance financial flexibility.

Strategic and Operational Updates

Mining Venture:

  • During Q1FY26, PCJ Mining SARL, a step-down subsidiary, was granted a license for semi-mechanized artisanal mining of gold by the Ministry of Petroleum, Mining and Oil Geology, Republic of Chad. Production is expected to commence within FY27.

Franchise Expansion:

  • The company has received an encouraging response from prospective business partners for establishing large-format franchisee showrooms.
  • It has executed Memoranda of Understanding (MoUs) with:
  • The National Skill Development Corporation (NSDC) under the Ministry of Skill Development & Entrepreneurship, Government of India, under its National Entrepreneurs Empowerment Drive (NEED) initiative. The goal is to onboard 200,000 micro-entrepreneurs over 5 years under the PC Jeweller brand.
  • The Government of Uttar Pradesh under the Chief Minister Yuva Udyami Vikas Abhiyan (CM YUVA) scheme for entrepreneurship development and employment generation, targeting 1,000 retail franchise units.

Management Commentary

Mr. Balram Garg, Managing Director, provided commentary highlighting the strong quarterly performance, rapid debt reduction, successful fundraisings, and the strategic value of the new mining license and government partnerships. He expressed confidence in the company's ability to create long-term value for shareholders.

Disclaimer

The presentation includes a safe harbour statement noting that it contains forward-looking statements subject to risks and uncertainties.