PC Jeweller Reports Robust Q3 FY2025-26 Performance with Significant Profit and Revenue Growth
PC Jeweller announced its financial results for the September–December 2025 quarter, marking the third quarter of fiscal year 2025–26, on January 27 after market hours. The company demonstrated impressive financial performance, with a substantial increase in both profitability and operational revenue.
Strong Financial Metrics Highlight Quarterly Success
The jewellery retailer reported a consolidated net profit of ₹187 crore for Q3 FY2025–26, representing a notable 28% jump compared to ₹146 crore recorded in the same period last year. This growth underscores the company's enhanced operational efficiency and strategic market positioning.
Consolidated revenue from operations surged by 37% to ₹875 crore, up from ₹639 crore in the corresponding quarter of the previous fiscal year. This significant revenue increase was primarily driven by sustained consumer demand during the festive and wedding season, which traditionally boosts jewellery sales across India.
Improved Operational Efficiency and Margin Expansion
At the operating level, PC Jeweller's EBITDA stood at ₹225 crore, showing a substantial increase from ₹154 crore in the same quarter last year. The company's margins improved to 25.71%, up from 24% in Q3 FY2025, reflecting enhanced operational efficiency and robust sales growth, as detailed in the company's regulatory filing.
Progress Toward Debt-Free Status and Strategic Initiatives
The company continues to make significant strides toward achieving debt-free status. Since executing the Settlement Agreement with banks on September 30, 2024, PC Jeweller has reduced its outstanding debt by approximately 68%. This substantial debt reduction marks a significant improvement in the company's financial health and balance sheet strength.
During the quarter, PC Jeweller signed a Memorandum of Understanding with the Government of Uttar Pradesh and was onboarded as a franchise brand on the CM-YUVA portal. As part of this initiative, the company will support trained goldsmith entrepreneurs in rural and semi-urban areas to establish 1,000 jewellery retail franchise units, promoting entrepreneurship and expanding market reach.
Franchise Expansion and Business Growth Plans
PC Jeweller has been receiving positive feedback and queries from prospective business partners interested in establishing large-format franchise showrooms. In response to this encouraging market response, the company has deliberated on expansion opportunities and decided to seek board approval for opening up to 100 large franchise showrooms over the next 12–18 months.
This expansion plan aligns with the company's broader strategy to strengthen its retail presence through both owned and franchise formats while enhancing customer accessibility across different market segments.
Confident Outlook and Future Growth Prospects
In its regulatory filing, PC Jeweller expressed confidence in its future prospects, stating: "The company remains focused on strengthening core operations, expanding retail presence through owned and franchise formats, and enhancing customer reach. The company is confident of becoming debt free very soon. With improving operational momentum, a stronger balance sheet, and participation in government-backed initiatives, the Company is well positioned for sustainable growth and market expansion and is confident of delivering healthy financial performance in the future as well."
The company's participation in government-backed initiatives, combined with its improving operational metrics and strategic expansion plans, positions PC Jeweller favorably for continued growth in the competitive jewellery retail market.
