PC Jeweller Q3 Results: Net Profit Jumps 28% YoY to ₹187 Crore, Revenue Up 37%

PC Jeweller announced its financial results for the third quarter of the fiscal year 2025–26 (September to December 2025) on January 27 after market hours. The company reported a 28% year-over-year increase in net profit, reaching ₹187 crore compared to ₹146 crore in the same quarter the previous year.

Significant Revenue Growth Driven by Consumer Demand

The company’s consolidated revenue from operations rose by 37% to ₹875 crore, up from ₹639 crore during the corresponding quarter last year. This growth was attributed to sustained consumer demand throughout the festive and wedding seasons.

Improved Operating Metrics and Profitability

At the operating level, PC Jeweller recorded an EBITDA of ₹225 crore, an increase from ₹154 crore in the previous year’s third quarter.

The EBITDA margin improved to 25.71% from 24%, indicating better operational efficiency alongside strong sales growth, as stated in the company’s quarterly earnings filing.

Debt Reduction and Financial Health Enhancement

The company is actively working towards achieving a debt-free status and has successfully reduced its outstanding debt by approximately 68% since signing the Settlement Agreement with banks on September 30, 2024. This marks a significant enhancement in its financial health.

Strategic Expansion Through Franchise Partnerships

During the quarter, PC Jeweller entered into a memorandum of understanding with the Government of Uttar Pradesh and became a franchise brand on the CM-YUVA platform.

Under this collaboration, the company plans to assist trained goldsmith entrepreneurs in rural and semi-urban areas to establish approximately 1,000 jewellery retail franchise outlets.

Furthermore, the company has received interest and feedback from potential business partners about setting up large-format franchise showrooms. In response, PC Jeweller intends to seek board approval to open up to 100 such large franchise stores within the next 12 to 18 months as part of its expansion strategy.

Outlook and Future Plans

The company stated that it is focused on bolstering its core operations, expanding its retail network via both owned and franchise models, and increasing customer outreach.

It expressed confidence in becoming debt free soon and is optimistic about sustaining growth and improving financial results through enhanced operational momentum, a stronger balance sheet, and involvement in government initiatives.

Key Takeaways

  • Net profit increased by 28% to ₹187 crore year-over-year.
  • Revenue grew by 37% to ₹875 crore, driven by seasonal consumer demand.
  • EBITDA rose to ₹225 crore with improved margins at 25.71%.
  • Outstanding debt reduced by approximately 68%, aiming for debt-free status.
  • Plans to expand franchise outlets, including up to 1,000 small stores and 100 large-format showrooms.
  • Partnership with Uttar Pradesh government to support rural and semi-urban goldsmith entrepreneurs.

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