Revenue jumps 37 per cent, margins improve, and the company accelerates franchise-led expansion while moving closer to a debt-free balance sheet
PC Jeweller reported strong financial performance for the October–December 2025 quarter (Q3 FY26), posting a 28 per cent year-on-year rise in net profit to Rs 187 crore, compared with Rs 146 crore in the corresponding period last year. Revenue from operations on a consolidated basis climbed 37 per cent to Rs 875 crore, up from Rs 639 crore a year earlier, supported by steady consumer purchases during the festive and wedding-heavy quarter.
Earnings before interest, taxes, depreciation and amortisation (Ebitda) improved to Rs 225 crore from Rs 154 crore in Q3 FY25. Operating margins expanded to 25.71 per cent from 24 per cent, reflecting stronger cost control and higher sales volumes, the company said in its quarterly filing.
Push Towards Debt-free Status
PC Jeweller said it is moving closer to its goal of becoming debt-free. The company has reduced its outstanding borrowings by about 68 per cent since signing a Settlement Agreement with banks on 30 September 2024, signalling a marked improvement in its financial health.
During the quarter, the company signed a memorandum of understanding (MoU) with the Government of Uttar Pradesh and was empanelled as a franchise brand on the CM-YUVA portal. Under this programme, PC Jeweller plans to assist trained goldsmith entrepreneurs in rural and semi-urban regions to set up 1,000 jewellery retail franchise outlets.
The company also noted growing interest from potential partners looking to establish large-format franchise showrooms. In response to this demand, management has discussed expansion plans and intends to seek board approval to roll out up to 100 large franchise stores over the next 12 to 18 months.
“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 said in its regulatory filing.
