PC Jeweller Q1 Surge: 80% Growth & Debt-Free Push Fuels 17% Stock Jump
Striking Q1 Performance
Delhi-based PC Jeweller reported a standout Q1 (Apr–Jun 2025), with 80% YoY revenue growth, driven by robust wedding and festive demand despite gold price volatility . This growth propelled shares up ~17% intraday, trading near ₹16.37 on NSE .
Aggressive Debt Reduction
PC Jeweller has aggressively deleveraged—cutting over 50% of its debt in FY25, then a further 7.5% in Q1 FY26 . The company is now targeting zero debt by end-FY26, a major financial milestone.
Share Price Reaction
This mix of explosive growth and improved balance sheet credibility drew strong investor interest. The stock surged ~17% intraday before settling around 14–16% up for the day . Over the past week, it has rallied ~30%, indicating renewed market confidence .
Operational Overhaul in Progress
PC Jeweller credited its success to revamped store operations, better supply chain execution, and optimized costs. The company now runs 52 stores, 49 of which are company-owned, bolstering its retail footprint .
Future Outlook: What to Watch
- Continued momentum in festive/wedding seasons
- Execution and retail market expansion
- Gold price stability—a factor that could shape margins
- Successful debt elimination by FY26
Why It Matters to Investors
- Earnings Revival: The turnaround from FY24 net loss (
₹629 cr) to FY25 profit (₹578 cr) sets a strong momentum . - Deleveraging Strategy: A clean balance sheet will free up capital for expansion and reduce interest burden.
- Valuation Re-rating: A 30% rally in a week, driven by strong fundamentals, suggests room for further re-rating.
Key Takeaways
- Robust Q1 → +80% revenue YoY
- Debt on track to zero → FY26 target
- Stock surge → +17% intraday jump
- Operational wins → Enhanced footprint, cost controls
- Catalysts ahead → Wedding demand, gold cycles, expansion
Want More Insight?
- Investor Watch: A live chart of PC Jeweller’s share trends
- Retail Outlook: Could store count expand beyond 60?
- Debt-zero path: How FY26 may look for costs and earnings
