PC Jeweller Q2 Results: Net profit nearly doubles to ₹202 crore
PC Jeweller Q2 Results: Net profit nearly doubles to ₹202 crore, revenue up 63%
PC Jeweller released its financial results for the September quarter (Q2FY26) today, November 11, post market hours.
The company delivered a strong performance during the quarter, supported by sustained consumer demand throughout the festive season as its standalone revenue grew by 63% YoY to ₹825 crore in Q2FY26, compared to ₹505 crore in the same quarter last year.
The company's EBITDA rose sharply by around 91%, reaching ₹246 crore in Q2FY26 against ₹129 crore in Q2FY25.
Similarly, the operating profit after tax (PAT), excluding income tax refunds and related interest, which were classified as exceptional items, increased from ₹102 crore in Q2FY25 to ₹202.5 crore in Q2FY26, marking a 99% YoY growth.
During the quarter, the company has further reduced its outstanding debt payable to its banks that stood at the end of previous fiscal as per the terms of Settlement Agreement, by another 23%. This follows a 9% reduction in the first quarter of FY 2025-26 and over 50% reduction already done during the previous financial year.
The company said it is already targeting of achieving a debt-free status by the end of FY 2025-26. The above debt reduction done by the company is in line with its objective of becoming debt free by the end of FY 2025-26.
The company continues to strengthen its regional presence during the quarter with the launch of a franchise-owned showroom in Pitampura, Delhi.
The new outlet reflects the company's focus on expanding its retail reach through a well-balanced model of owned and franchise stores.
Supported by rising revenue, strong demand, and improving operations, PC Jeweller expects sustained growth and is optimistic about expanding its retail footprint.
(more to come)
Source: LiveMint
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