Pc Jeweller Ltd. · NSE:PCJEWELLER
Pc Jeweller — Q3 FY26 Earnings Presentation
40 slides from Pc Jeweller's earnings presentation, Jan 27, 2026
Slide 1: Cover letter to stock exchanges
Date: 27/01/2026 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 company has reported resilient operational performance in Q3FY26, driven by continued consumer demand during the festive and wedding season. The company’s standalone Domestic revenues have grown by approximately 37% YoY to Rs 875 crores. A snapshot of the company’s financial perform
Slide 3: Highlights (continued)
• Further, the company has been receiving queries and feedbacks from prospective business partners for establishing large format franchisee showrooms with them. This will help the Company in gaining more market share from the unorganised sector without additional capital investment. As a result of t
Slide 4: PC Jeweller Limited Results Presentation Q3 & 9M FY26
PC Jeweller Limited Results Presentation Q3 & 9M FY26 BSE : 534809 | NSE : PCJEWELLER 1
Slide 5: Safe Harbour
Safe Harbour This Presentation and the accompanying slides (the “presentation”), have been prepared by PC Jeweller Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form th
Slide 6: Table of Contents
Table of Contents Q3 & 9M FY26 Performance Highlights Business Overview & Competitive Strengths A Glimpse of PC Jeweller’s Collections, Sub-Brands & Showrooms Industry Overview Way Forward 3 3
Slide 7: Q3 & 9M FY26 Performance Highlights
Q3 & 9M FY26 Performance Highlights
Slide 8: Management Commentary on Q3FY26 Performance
Management Commentary on Q3FY26 Performance “We are pleased to report resilient operational performance in Q3FY26, driven by continued consumer demand during the festive and wedding season. Standalone revenues grew by 37% YoY to Rs 875 crores, reflecting continuous improvement in brand traction, cus
Slide 9: Business Highlights – Q3 & 9M FY26
Business Highlights – Q3 & 9M FY26 • The Company reported a solid operating performance during the quarter, driven by sustained consumer traction during the festive and wedding period. Standalone revenues registered a YoY growth of 37% to Rs 875 crores in Q3FY26, compared to Rs 639 crores in Q3FY25,
Slide 10: Business Highlights – Q3 & 9M FY26
Business Highlights – Q3 & 9M FY26 • The company’s PAT has increased to Rs 187 crores in Q3FY26 as compared to Rs 146 crores in Q3FY25, a growth of 28%. The Operating PAT (i.e. PAT – Income Tax refund and Interest received on the same which was an exceptional item) during the 9MFY26 stood at a profi
Slide 11: Business Highlights – Q3 & 9M FY26
Business Highlights – Q3 & 9M FY26 • During the quarter, the Company signed an MoU with the Government of Uttar Pradesh under the Chief Minister – Yuva Udyami Vikas Abhiyan (CM-YUVA) and has also been onboarded as a franchise brand on the CM-YUVA portal. As part of the initiative, PC Jeweller will s
Slide 12: Business Highlights – Q3 & 9M FY26
Business Highlights – Q3 & 9M FY26 • 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
Slide 13: Financial Snapshot – Q3 & 9M FY26
Financial Snapshot – Q3 & 9M FY26 Q3FY26 9MFY26 Revenue Rs. 875 Cr. 37% YoY Rs. 2,426 Cr. 57% YoY Gross Margin Rs. 219 Cr. 63% YoY Rs. 553 Cr. 84% YoY EBITDA Rs. 225 Cr. 46% YoY Rs. 681 Cr. 83% YoY PBT Rs. 189 Cr. 29% YoY Rs. 557 Cr. 58% YoY Standalone Financials 10
Slide 14: Consistently Delivering Strong Performance since Last Few Quarters
Consistently Delivering Strong Performance since Last Few Quarters Figures in Rs. Cr. Revenue EBITDA 875 825 246 225 725 210 699 639 129 154 144 505 10 89 401 -69 48 40 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 PBT 2
Slide 15: Q3 & 9M FY26 Key Financial Highlights
Q3 & 9M FY26 Key Financial Highlights Figures in Rs. Cr. Revenue EBITDA PAT OPERATING PAT* 875 225 187 187 Q3FY26 154 639 146 146 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Revenue EBITDA PAT OPERATING PAT* 2,426 559 554 681 9MFY26 480 297 1,544 372 9MFY25 9MFY26 9MFY25 9MFY26 9MFY25 9M
Slide 16: PC Jeweller's MoU with Govt. of Uttar Pradesh under CM-YUVA
PC Jeweller’s MoU with Govt. of Uttar Pradesh under CM-YUVA Institutional Partnership PC Jeweller has been onboarded as an approved franchise brand under CM-YUVA and has entered into an MoU with the Government of Uttar Pradesh Entrepreneur Enablement Under the scheme, PC Jeweller will support traine
Slide 17: CM-YUVA: Scheme Overview
CM-YUVA : Scheme Overview • Chief Minister – Yuva Udyami Vikas Abhiyan (CM-YUVA) is an initiative of the Government of Uttar Pradesh aimed at promoting youth entrepreneurship, skill development and self-employment • The scheme focuses on enabling trained youth, particularly in traditional and skill-
Slide 18: Key Market & Policy Drivers behind CM YUVA
Key Market & Policy Drivers behind CM YUVA Large Underserved Untapped Skilled Requirement for Ongoing Evolving Rural Jewellery Entrepreneur Base Scalable, Low- Formalisation of Consumer Market Capex Models the Industry Preferences Jewellery is a trusted A large base of Low-investment, The sector is
Slide 19: PC Jeweller's Support to Franchisee under this Model
PC Jeweller’s Support to Franchisee under this Model Showroom Operations Marketing Development • Showroom design and setup • Pan India Presence • Celebrity endorsements, Events & • In-store display and branding Sponsorships for brand pull • Banking tie-ups via MUDRA, Stand-Up • Market specific inven
Slide 20: Business Overview & Competitive Strengths
Business Overview & Competitive Strengths
Slide 21: PC Jeweller: At a Glance
PC Jeweller : At a Glance Experienced Diversified Extensive Market Leading Brand Positioned among Leadership Product Range Reach with a Strong Top Studded Team for All Segments Legacy Jewellery brands in India Established in 2005 - Leading Studded Leadership Team with Wide range of Wide network of a
Slide 22: Comprehensive Business Model Catering to All Customer Segments
Comprehensive Business Model Catering to All Customer Segments Offering a range of gold, diamond, silver, and gemstone jewellery like bangles, rings, bracelets, necklaces, etc.; designed to meet the varying needs of customers, catering to bridal, occasional, and everyday wear. Product Range Product
Slide 23: Integrated Business Model
Integrated Business Model Design Procurement Quality Control Inventory Management • In-house team of skilled designers • Established supplier ecosystem • Multi-stage quality checks from • Centralized inventory monitoring creating trend-led, contemporary, reduce dependence on raw material sourcing to
Slide 24: Omni-Channel Presence Driving Market Reach
Omni-Channel Presence Driving Market Reach Omni Channel Approach Franchisee Model Mass Market Online Platform Franchise Model High Street (Govt. schemes) Showrooms Showrooms Rich, upper middle class, Young, urban, working Target Audience Middle & lower middle class Tier 2 & 3 city customers wedding
Slide 25: Customer-Centric Retail Strategy Across Demographics
Customer-Centric Retail Strategy Across Demographics Customers Metro Tier I Tier II Tier III Tier IV & Others Exclusive Lounges Started this concept in select showrooms Ultra Rich years back. Focused on high end designer pieces High Street Showroom Rich and Upper Middle Own showrooms acros
Slide 26: Extensive Market Reach
Extensive Market Reach Jammu Punjab Uttarakhand Rajasthan Haryana Uttar Pradesh Assam 12 Delhi States Bihar Madhya Pradesh Jharkhand Combination of Chhattisgarh Franchisee owned as well as Company owned Showrooms E-Commerce presence 23
Slide 27: Experienced Leadership Team
Experienced Leadership Team • The Managing Director, Mr. Balram Garg has been involved in the jewellery business in India for 3+ decades • Mr. Garg is instrumental in creating the vision and overall direction to the Company’s business based on his long experience of understanding customer preference
Slide 28: A Glimpse of PC Jeweller's Collections, Sub-Brands & Showrooms
A Glimpse of PC Jeweller’s Collections, Sub-Brands & Showrooms
Slide 29: Some of the Successfully Running Collections
Some of the Successfully Running Collections Wedding collection Men’s Collection Dashavatar Crafted for your forever moments, jewellery Redefining Masculine Luxury tapping the Divine stories cast in Silver. Each avatar, a that celebrates love, heritage, and grandeur. Men’s Segment symbol of timeless
Slide 30: Some of the Successfully Running Collections
Some of the Successfully Running Collections ANANT Animal Folia Amoris HAND MANGALSUTRA A designer sustainable Design innovation with a playful Everyday elegance Sacred threads of love, coconut jewellery themed edge jewellery that stands out bringing nature’s charm into reimagined, blending traditio
Slide 31: PC Jeweller's Sub-Brands
PC Jeweller’s Sub-Brands Lovers of traditional, royal, and heritage Target Audience Young, aspirational working women Brides and wedding attendees designs Collection Theme Modern, versatile, and expressive Wedding-centric, vibrant, and celebratory Regal, cultural, and craft-rich Inspired by Rajastha
Slide 32: A Glimpse at some of the Showrooms
A Glimpse at some of the Showrooms South Extension (Delhi) Karol Bagh (Delhi) Ludhiana (Punjab) Ajmer (Rajasthan) Ghaziabad (Uttar Pradesh) Dehradun (Uttarakhand) 29
Slide 33: A Glimpse at some of the Showrooms
A Glimpse at some of the Showrooms Bhilai (Chhattisgarh) Bhilwara (Rajasthan) Jabalpur (Madhya Pradesh) Logix Mall Noida (Uttar Pradesh) Kingsway Camp (Delhi) Varanasi (Uttar Pradesh) Indirapuram (Uttar Pradesh) Yamuna Nagar (Haryana) 30
Slide 34: Industry Overview
Industry Overview
Slide 35: India's Jewellery Market: A $140 Billion Opportunity Driven by Organised Retail Expansion
India’s Jewellery Market: A $140 Billion Opportunity Driven by Organised Retail Expansion Indian Jewellery Market Split By Organised Jewellery Retail poised for Indian Jewellery Market on Track to 140 Region% 40%+ Market Share by 2028 $Bn by 2029 CAGR +12%-14% CY23 – 28P 21% 15% 29% 140.0 35% 45% 15
Slide 36: Key Growth Drivers
Key Growth Drivers Rising Discretionary Strong Skill Sets Incomes High-quality manufacturing Increased spending power & craftsmanship among the middle class Young Urban Population Gold Metal Loan Scheme Preference for trendy and Boosting jewellery fashionable jewellery production Jewellery as Access
Slide 37: Diamond/Studded Jewellery: Expanding Share in Value Added Mix
Diamond/Studded Jewellery : Expanding Share in Value Added Mix Diamond/Studded Industry Diamond/Studded Jewellery Demand by Region In % Diamond/Studded Jewellery Market in India is expected to grow at +21% CAGR by FY28 6%-10% 21% - 23% 41 18%-22% 36%-40% 16% 10% 32%-36% 13 10 7 North East South West
Slide 38: Way Forward
Way Forward
Slide 39: Way Forward
Way Forward Transition to a Debt-Free Exploring the Deliver sustained value Leveraging Core Strength Balance Sheet to enhance opportunity of expansion creation for shareholders financial resilience of retail footprint • Core strengths in the • Opened a franchisee • Company has already • The Company
Slide 40: Thank You
Thank You Ernst & Young LLP PC Jeweller Limited Rohit Anand investors@pcjeweller.com rohit.anand4@in.ey.com Dhruv Bansal dhruv.bansal1@in.ey.com Riddhant Kapur www.pcjeweller.com riddhant.kapur@in.ey.com 37