PC Jeweller’s stock climbed sharply on Monday, rising as much as 8% after the company shared a solid third‑quarter update.
Impressive Q3 Revenue Growth
The firm said its standalone revenue grew 37% in the December quarter of FY26, driven by strong consumer buying during the festive and wedding season. The stock peaked at Rs 10.32 on the NSE before easing to around Rs 10.08, still up about 5.5% by midday.
Franchise Expansion Plan
PC Jeweller submitted a proposal under Uttar Pradesh’s CM‑YUVA scheme to help trained goldsmiths set up 1,000 franchise jewellery stores across rural and semi‑urban areas. The proposal has been approved on the CM‑YUVA portal, and the company signed an MoU with the state’s MSME and Export Promotion Department.
Debt‑Reduction Progress
Since finalising a settlement with banks on September 30, 2024, the company has cut its outstanding debt by roughly 68%, according to regulatory filings. Management said it remains focused on becoming debt‑free in the near future.
Future Outlook
Going forward, PC Jeweller aims to broaden its retail footprint, keep reducing debt, and deliver steady performance in upcoming quarters.
Remember, this is my perspective, not a prediction. Always do your own research or consult a certified advisor before making any investment decisions.