Pc Jeweller Ltd. · NSE:PCJEWELLER
Pc Jeweller — Q2 FY2026 Earnings Presentation
51 slides from Pc Jeweller's earnings presentation, Nov 11, 2025
Slide 1: Exchange cover letter for results presentation
Date: 11/11/2025 To, To, The Listing Compliance Department, The Listing Compliance Department, BSE Limited, National Stock Exchange of India Limited, P J Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400001 Bandra (East), Mumbai - 400051 Scrip Code: 534809 Symbol: PCJEWELLER S
Slide 2: Highlights
HIGHLIGHTS • The Q2 FY 2026 has been another strong financial quarter for the company, supported by sustained consumer demand throughout the festive season. The company has continued its impressive financial journey and has further improved its performance from the previous quarters. The company’s s
Slide 3: Highlights (continued): fundraising and finance cost
• Further, the company had already raised Rs 2,702.11 crores during the previous financial year via preferential issue of fully convertible warrants. Further, the Board of Directors vide their meeting held on July 10th, 2025, approved further raising of funds aggregating upto approx. Rs 500 crores b
Slide 4: PC Jeweller Ltd Results Presentation
PC Jeweller Ltd Results Presentation November 11th, 2025 1
Slide 5: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by PC Jeweller Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 6: Table of Contents
Table of Contents Industry Overview World of PCJ at a Glance Competitive Strengths Major Awards & Events in the past Financial Performance Highlights A Glimpse at some of our Showrooms Jewellery Collections 3
Slide 7: Industry Overview
Industry Overview 4
Slide 8: India's Love for Jewellery
India’s Love for Jewellery • Gold is considered as a status symbol as well as auspicious. • Indians spend a significant proportion of their wedding budget on jewellery. • It is considered as an important mode of saving by the female of the house. • Many families start buying gold for a girl child fr
Slide 9: Key Growth Drivers
Key Growth Drivers • Rising Discretionary Incomes - Increased spending power among the middle class • Young Urban Population - Preference for trendy and fashionable jewellery • Jewellery as Accessory - Shift towards daily and casual jewellery • Western Influence - Demand for diamond-studded jeweller
Slide 10: Diamond/Studded Jewellery: Expanding its Share
Diamond/Studded Jewellery : Expanding its Share Diamond/Studded Industry Diamond/Studded Jewellery Demand Diamond/Studded Jewellery Market in India is expected by Region In %, 2023 to grow at +21% CAGR from FY23 to FY28 6%-10% 21% - 23% 41 18%-22% 36%-40% 16% 10% 32%-36% 13 10 7 North East South Wes
Slide 11: World of PCJ at a Glance
World of PCJ at a Glance 8
Slide 12: The world of PC Jeweller
The world of PC Jeweller Established in 2005 and is one of the Largest listed A Leading player in jewellery retailer in Indian Wedding India Jewellery Market Featured in the list of 20 fastest growing Luxury Goods companies across the world Alongside: Pandora, Fossil, Graff Diamonds, Michael Kors, e
Slide 13: We stand apart with our offerings
We stand apart with our offerings… High Street Locations Mass Market Locations Franchisee Online Platform Bridal to Fashion Offerings Flagship Store at Karol Bagh, New Delhi 10
Slide 14: Customer-Centric Retail Strategy Across City Tiers
Customer-Centric Retail Strategy Across City Tiers Customers Metro Tier I Tier II Tier III Exclusive Lounges Started this concept in select showrooms years back. Ultra Rich Focused on high end designer pieces High Street Showroom Franchisee showrooms Own showrooms across Metro, Tier 1 an
Slide 15: Omni-Channel Presence Driving Market Reach
Omni-Channel Presence Driving Market Reach Omni channel Approach Mass Market Franchise High Street Online Stores Model Stores Platform Middle & lower middle Tier 2 & 3 city Rich, upper middle class, Young, urban, working Target Audience class customers wedding buyers professionals Local markets with
Slide 16: Competitive Strengths
Competitive Strengths 13
Slide 17: Strengths
Strengths Established Brand – Leading Brand with a The legacy of the ‘PCJ’ brand has allowed us to be well positioned in India. By leveraging the Strong Legacy heritage of the ‘PCJ’ brand, we have created a contemporary brand which offers a wide spectrum of designs and products for different occasio
Slide 18: Strengths
Strengths Diversified product portfolio across categories and price points– Diversified Product Our wide range of product offerings in gold, diamond, silver and platinum products across Range for All different price points caters to diverse customer segments, from the value market to high-end Segmen
Slide 19: Strengths
Strengths Experience of our Leaders and Senior Management Team– Our Managing Director, Mr. Balram Garg has been involved in the jewellery business in India for more than three decades and have extensive experience in the industry. He is instrumental in creating the Experienced vision and overall dir
Slide 20: Major Awards and Events in the past
Major Awards and Events in the past 17
Slide 21: Major Events and Awards in the past
Major Events and Awards in the past Apart from opening and closing of various showrooms as per prudent practice in the industry, our Company raised Rs.427 Crore by issue of Compulsorily Convertible Debentures by way of preferential issue and Rs.257 crore by issue of Compulsorily Convertible Preferen
Slide 22: Major Events and Awards in the past
Major Events and Awards in the past Financial Year Award/Recognition 2011-12 Best Single Store Of The Year - North, National Jewellery Awards 2011-12 - (NJA ), All India Gems & Jewellery Trade Federation Best Retail Chain Of The Year, National Jewellery Awards 2011-12 - ( NJA), All India Gems &
Slide 23: Major Events and Awards in the past
Major Events and Awards in the past Financial Year Award/Recognition 2013 – 14 ‘Century International Gold Quality Era Award’ in the realm of customer satisfaction, leadership, strategic planning and benchmarking as established in the QC100 TQM system, by BID, Business Initiative Directions, Spain
Slide 24: Major Events and Awards in the past
Major Events and Awards in the past Financial Year Award/Recognition 2013 – 14 Crown & Jewellery Partner of Femina Miss India 2013 Title Sponsor of Delhi Couture Week 2013 Title Sponsorship for IIJW, Grand Hyatt Mumbai, GJEPC India 2013 2014 - 15 Regional retail Chain Of The Year, Retail Jew
Slide 25: Major Events and Awards in the past
Major Events and Awards in the past Financial Year Award/Recognition 2014 - 15 Shri Balram Garg, Managing Director, of the Company, received Award in Precious Metal Jewellery Plain (Large) category for the year 2014-15 Associate Sponsor of Filmfare Award 2014 Crown & Jewellery Partner of Femin
Slide 26: Major Events and Awards in the past
Major Events and Awards in the past Financial Year Award/Recognition 2015-16 For Overall Excellence In Category Of Highest Taxpayer Company, India Gem And Jewellery Awards 2015-16, GJEPC India PC Jeweller Is Presented Special Jury Mention Certificate , United Nations population Fund - 20th March
Slide 27: Major Events and Awards in the past
Major Events and Awards in the past Financial Year Award/Recognition 2016-17 Trusted Brand 2016 - Gold (Voted By Consumers), Reader's Digest Award Globe Platinum Awards - World Business Conclave 2016, Global Leadership Of Business Excellence Best Retailer Of the Gems And Jewellery industry Of
Slide 28: Major Events and Awards in the past
Major Events and Awards in the past Financial Year Award/Recognition 2016-17 Ramnath Goenka Excellence In Journalism Awards 2016, The Express Group & Ramnath Goenka – Delhi Featured in the list of 20 fastest growing Luxury Goods companies across the world #44 in the Top 100 Luxury Goods Compan
Slide 29: Major Events and Awards in the past
Major Events and Awards in the past Financial Year Award/Recognition 2017-18 Best Bridal Design under Rs. 5,00,000, Jeweller Choice Design Awards - Finalist 2017, Indian Jeweller Ramnath Goenka Excellence In Journalism Awards 2017, The Express Group & Ramnath Goenka – Delhi 100 Iconic Jeweller
Slide 30: Financial Performance Highlights
Financial Performance Highlights 27
Slide 31: Financial Snapshot – Q2 & H1 FY26
Financial Snapshot – Q2 & H1 FY26 Q2FY26 Q2FY25 CHANGE H1FY26 H1FY25 CHANGE Revenue Rs. 825 Cr. Rs. 505 Cr. 63.4% Rs. 1,550 Cr. Rs. 906 Cr. 71.1% Gross Rs. 191 Cr. Rs. 101 Cr. 89.1% Rs. 335 Cr. Rs. 166 Cr. 101.8% Margin EBITDA Rs. 246 Cr. Rs. 129 Cr. 90.7% Rs. 456 Cr. Rs. 218 Cr. 109.2% PBT Rs. 204
Slide 32: Strong Quarterly Trend: Sales
Strong Quarterly Trend 825 800 725 699 700 639 600 505 500 Rs. in crs 401 400 300 200 100 33 40 48 0 Q2 FY 2024 Q3 FY 2024 Q4 FY 2024 Q1 FY 2025 Q2 FY 2025 Q3 FY 2025 Q4 FY 2025 Q1 FY 2026 Q2 FY 2026 Period Sales Consistently delivering strong performance since the last few quarters 29
Slide 33: Strong Quarterly Trend: EBITDA
Strong Quarterly Trend 250 246 225 210 200 175 154 150 144 129 125 Rs. in crs 100 89 75 50 25 10 0 Q2 FY 2024 Q3 FY 2024 Q4 FY 2024 Q1 FY 2025 Q2 FY 2025 Q3 FY 2025 Q4 FY 2025 Q1 FY 2026 Q2 FY 2026 -25 -23 -50 -75 -69 Period EBITDA Consistently delivering strong performance since the last few quarte
Slide 34: Strong Quarterly Trend: PBT
Strong Quarterly Trend 225 204 200 175 164 146 150 124 125 95 100 83 75 50 25 Rs. in crs 0 -25 Q2 FY 2024 Q3 FY 2024 Q4 FY 2024 Q1 FY 2025 Q2 FY 2025 Q3 FY 2025 Q4 FY 2025 Q1 FY 2026 Q2 FY 2026 -50 -75 -100 -125 -124 -150 -175 -152 -200 -225 -200 Period PBT Consistently delivering strong performance
Slide 35: Business update
Business update • Strong Growth Amid Festive Demand – The Company delivered strong performance during the quarter, supported by sustained consumer demand throughout the festive season. Standalone revenues grew by approximately 63% year-on-year (Rs 825 crores in Q2 of FY 2025-26 as compared to Rs 5
Slide 36: Business update
Business update The company’s Operating PAT (i.e. PAT – Income Tax refund and Interest on the same which was an exceptional item) has increased from Rs 102 crores in Q2 FY 2025 to Rs 202.5 crores in Q2 FY 2026, a growth of approx. 99% year-on-year. (Rs. In Crores) Particulars Q2 FY 2026 Q2 FY 2025
Slide 37: Business update
Business update • Strengthened Financial Position Through Debt Reduction – The company had already executed a Settlement Agreement with the consortium of banks on September 30th, 2024 and, as on date, the company has discharged all its obligations that it had to as per the timelines mentioned in t
Slide 38: Business update
Business update • Growing Investor Confidence – During the previous FY, the company had successfully completed its fund raising via preferential issue of fully convertible warrants amounting to Rs 2,702.11 crores with a subscription of 99.89%. Further, the Board of Directors vide their meeting hel
Slide 39: Business update
Business update • Full Recovery Of Inventory – As per the orders of the Hon’ble Debts Recovery Appellate Tribunal (‘DRAT’), the keys and inventory of some of the showrooms / premises of the Company were in the custody of DRAT. These were to be released upon compliance of the terms and conditions o
Slide 40: Way Forward
Way Forward Transition to a Debt- Leveraging Core Exploring the Deliver sustained value Free Balance Sheet to Strength opportunity of creation for enhance financial expansion of retail shareholders resilience footprint • Company targets • Core strengths in • Has already • Company has to become debt
Slide 41: A Glimpse at some of our Showrooms
A Glimpse at some of our Showrooms 38
Slide 42: Some of our Showrooms
Some of our Showrooms Ajmer (Rajasthan) Bhilai (Chattisgarh) Ghaziabad (Uttar Pradesh) Bhilwara (Rajasthan) Dehradun (Uttrakhand) Indirapuram (Uttar Pradesh) 39
Slide 43: Some of our Showrooms
Some of our Showrooms Jabalpur (Madhya Pradesh) Yamuna Nagar (Haryana) Logix Mall Noida (Uttar Pradesh) Kingsway Camp (Delhi) Ludhiana (Punjab) Varanasi (Uttar Pradesh) 40
Slide 44: Some of our Showrooms
Some of our Showrooms South Extension (Delhi) Karol Bagh (Delhi) 41
Slide 45: Jewellery Collections
Jewellery Collections 42
Slide 46: Jewellery Collections
Jewellery Collections Some of our running collections – • MENS COLLECTION • HAND MANGALSUTRA • FOLIA AMORIS • DASHAVATAR • ANANT • ANIMAL COLLECTION • WEDDING COLLECTION 43
Slide 47: Collections
Collections MENS COLLECTION HAND MANGALSUTRA Bold designs for the modern man, Sacred threads of love, reimagined, where strength meets sophistication in blending tradition with contemporary every detail. grace. 44
Slide 48: Collections
Collections FOLIA AMORIS DASHAVTAR Timeless diamonds for a new generation Divine stories cast in Silver. Each avatar, blending elegance with aspiration. a symbol of timeless power and faith. 45
Slide 49: Collections
Collections ANANT ANIMAL A designer sustainable coconut jewellery Design innovation with a playful edge theme. jewellery that stands out 46
Slide 50: Collections
Collections WEDDING COLLECTION Crafted for your forever moments, jewellery that celebrates love, heritage, and grandeur. 47
Slide 51: Thank you
Thank you 48