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PC Jeweller Ltd. ( (IN:PCJEWELLER) ) just unveiled an update.
PC Jeweller reported a strong third quarter for FY2026, with standalone revenue rising about 37% year-on-year, driven by robust consumer demand during the festival and wedding season. During the quarter, it secured approval from the Government of Uttar Pradesh under the CM-YUVA initiative to support the establishment of 1,000 jewellery retail franchise units in rural and semi-urban areas, a move expected to expand its retail footprint, enhance visibility and scalability, and contribute to local entrepreneurship and employment. The company also highlighted its ongoing deleveraging efforts, noting that it has cut its outstanding debt by roughly 68% since a settlement agreement with banks in September 2024, and reiterated its focus on becoming debt-free while continuing to grow its retail presence and sustain strong operating performance, subject to auditor review of provisional figures.
More about PC Jeweller Ltd.
PC Jeweller Limited is a leading Indian jewellery retailer and one of the top brands in studded jewellery, focusing on gold and diamond jewellery for the domestic market. The company operates a growing retail network and targets both festive and wedding-related demand, positioning itself as a major player in organized jewellery retail across India.
Average Trading Volume: 6,120,275
Technical Sentiment Signal: Sell
Current Market Cap: 69.3B INR
See more insights into PCJEWELLER stock on TipRanks’ Stock Analysis page.