PC Jeweller surges 33% in 2 days after upbeat Q1 update
PC Jeweller
surged over the past two trading sessions, rising as much as 33% to hit a high of Rs 18.69 on the BSE, after the company released its business update for the quarter ended June 30, 2025 (Q1FY26). The update, issued earlier last week, revealed standalone revenue growth of approximately 80% compared to the same quarter last year.
In today's trading session alone, the stock advanced 11.8% on the BSE.
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According to the company's filing, the quarter was described as 'very promising and fulfilling,' with performance attributed to continued customer trust and goodwill. PC Jeweller said it closed the quarter on a strong note, having 'clocked a robust performance.'
The company cited high customer demand during the wedding and festive season as a key contributor to the strong performance. Despite volatility in gold prices, it reported significant traction in sales, which helped drive the reported revenue growth.
Alongside its top-line performance, PC Jeweller also highlighted progress in its ongoing efforts to deleverage its balance sheet. The company noted that it had reduced its outstanding debt to bankers by over 50% during FY24–25, and in Q1FY26, it further reduced debt by approximately 7.5%.
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PC Jeweller stated that it is targeting full repayment of its obligations to bankers by the end of FY26 and remains confident of becoming debt-free within that timeline.
'The company continues to revamp and strengthen all aspects of its operations, the results of which are visible in its financials,' the management said in a statement. It added that it remains optimistic about delivering exceptional performance in the upcoming quarters as well.
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