PC Jeweller’s Q2 net profit leapt 58% to ₹331 crore, while revenue ticked up 27.8% to ₹1,054 crore. The stock rallied 2.87% to ₹18.65 on the NSE before the earnings drop, according to the company’s filing.
EBITDA surged 74.1% to ₹309 crore, lifting the margin to 29.3% from 21.5% a year earlier. The jump reflects higher gross margin on a modest rise in average selling price and tighter cost controls.
PC Jeweller announced it has fully paid off all bank debt, receiving no‑dues letters and freeing up collateral. Analysts say the move will trim interest expense and improve free‑cash‑flow, bolstering the balance sheet.
The firm plans up to 100 new outlets in the next 12‑18 months, a mix of owned and franchise units, under MOUs with the National Skill Development Corporation and Uttar Pradesh’s CM YUVA scheme. The strategy targets Tier‑II and rural markets.
A new lightweight, lab‑grown diamond line is slated to launch this fiscal year, targeting younger buyers. Higher gross margins and lower inventory costs could lift overall profitability, while PCJ Mining SARL has begun on‑site development in Chad under a semi‑mechanised licence, with production slated for this fiscal year.