Shares of PC Jeweller surged 1.62% to ₹13.15 on the BSE following the announcement that it had paid off all bank debt ahead of schedule, achieving a debt‑free balance sheet.
The company’s consolidated revenue grew 28% year‑on‑year for the quarter ended 30 September 2026, a lift that puts it comfortably ahead of the prior period’s 22% increase, underscoring a strong top‑line trajectory.
Export receivables of ₹142 crore were collected during the quarter, marking the first realisation after prolonged negotiations with debtors—a move that should tighten cash flow and reduce working‑capital drag.
A preferential issue of ₹500 crore was completed on 24 September, with all warrants converted to equity, providing fresh capital that could fund expansion but also modestly dilutes existing shareholders.
Analysts are watching the next earnings release on 31 December 2026 for guidance on net margin improvements; with the debt‑free status, they expect reduced interest expenses to lift profitability.