Pc Jeweller Ltd. · NSE:PCJEWELLER
Pc Jeweller — Q4 FY26 Earnings Presentation
46 slides from Pc Jeweller's earnings presentation, May 27, 2026
Slide 1: Exchange filing cover letter
Date: 27/05/2026 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 delivered a strong operational performance in Q4FY26, reflecting significant progress in its ongoing turnaround journey. Its standalone domestic revenue increased by approximately 33% year-on-year and PBT increased by approximately 59% year-on-year. Further, the revenues for
Slide 3: Highlights (continued)
years under the PC Jeweller brand. This initiative provides an opportunity to expand the Company’s retail presence while also contributing to employment generation, entrepreneurship development, and local economic growth through a nationwide network of entrepreneurs. During the quarter, the Compan
Slide 4: PC Jeweller Limited Results Presentation Q4 & FY26
PC Jeweller Limited Results Presentation Q4 & 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 Q4 & FY26 Performance Highlights Strategic Partnerships under Government Initiatives Business Overview & Competitive Strengths A Glimpse of PC Jeweller’s Collections, Sub-Brands & Showrooms Industry Overview Way Forward 3 3
Slide 7: Q4 & FY26 Performance Highlights
Q4 & FY26 Performance Highlights
Slide 8: Management Commentary on Q4FY26 Performance
Management Commentary on Q4FY26 Performance “FY26 was an important year for PC Jeweller, as the Company regained its momentum and delivered a strong performance throughout the year. Our Standalone revenue for Q4FY26 grew by 33% (49% YoY growth in FY26), while EBITDA and PBT grew by 25% and 59% respe
Slide 9: Management Commentary on Q4FY26 Performance (con't)
Management Commentary on Q4FY26 Performance (con’t) Further, the Company executed a MoU with the National Skill Development Corporation (NSDC) under the Ministry of Skill Development & Entrepreneurship, Government of India to act as an Industry/Franchise Partner for the Gems & Jewellery sector, with
Slide 10: Business Highlights – Q4 & FY26
Business Highlights – Q4 & FY26 • The Company delivered a strong operating performance during the quarter, supported by sustained consumer demand during the quarter. Standalone revenues grew by 33% year-on-year to Rs 927 crores in Q4FY26, compared to Rs 699 crores in Q4FY25, indicating continued mom
Slide 11: Business Highlights – Q4 & FY26
Business Highlights – Q4 & FY26 • The Company’s PAT rose to Rs 150 crores in Q4FY26 from Rs 95 crores in Q4FY25, registering a growth of 58%. The Operating PAT (i.e. PAT excluding income tax refund and related interest, which were treated as exceptional items) for FY26 stood at a profit of Rs 705 cr
Slide 12: Business Highlights – Q4 & FY26
Business Highlights – Q4 & FY26 • The Company continues to progress towards its goal of becoming debt-free. As on date, the company has reduced its outstanding debt by more than 90% since the execution of the Settlement Agreement with banks on 30 September 2024, reflecting significant improvement in
Slide 13: Business Highlights – Q4 & FY26
Business Highlights – Q4 & FY26 • 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 capi
Slide 14: Financial Snapshot – Q4 & FY26
Financial Snapshot – Q4 & FY26 Q4FY26 FY26 Revenue Rs. 927 Cr. 33% YoY Rs. 3,353 Cr. 49% YoY Gross Margin Rs. 198 Cr. 16% YoY Rs. 751 Cr. 59% YoY EBITDA Rs. 180 Cr. 25% YoY Rs. 861 Cr. 67% YoY PBT Rs. 151 Cr. 59% YoY Rs. 708 Cr. 58% YoY Standalone Financials 11
Slide 15: Consistently Delivering Strong Performance since Last Few Quarters
Consistently Delivering Strong Performance since Last Few Quarters Figures in Rs. Cr. Revenue EBITDA 927 875 825 246 225 725 210 699 180 639 129 154 144 505 10 89 401 -69 48 40 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY
Slide 16: Q4 & FY26 Key Financial Highlights
Q4 & FY26 Key Financial Highlights Figures in Rs. Cr. Revenue EBITDA PAT OPERATING PAT* 927 150 150 95 Q4FY26 180 95 699 144 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Revenue EBITDA PAT OPERATING PAT* 3,353 861 710 705 FY26 575 2,243 517 392 FY25 FY26 FY25 FY26 FY25 FY26 FY25 FY26 Stan
Slide 17: Standalone Profit & Loss Statement Snapshot
Standalone Profit & Loss Statement Snapshot Particulars (Rs. Cr.) FY25 FY26 YoY% Revenue from Operations 2,243 3,353 49% Other Income 128 197 Total Income 2,371 3,550 Expenses Cost of Goods Sold 1,772 2,602 Gross Profit 471 751 59% Gross Profit Margin (%) 21.0% 22.4% Employee Benefit Expenses 25 29
Slide 18: Standalone Balance Sheet Snapshot
Standalone Balance Sheet Snapshot Particulars (Rs. Cr.) FY25 FY26 Particulars (Rs. Cr.) FY25 FY26 Property, Plant, and Equipment 13 13 Share Capital 636 865 Right of Use of Assets 71 77 Other Equity 5,522 7,262 Other Intangible Assets 1 1 Financial assets Investments 134 134 Total Shareholders' Fund
Slide 19: Strategic Partnerships under Government Initiatives
Strategic Partnerships under Government Initiatives
Slide 20: Partnerships Under Government Initiatives enabling Expansion for PC Jeweller
Partnerships Under Government Initiatives enabling Expansion for PC Jeweller Chief Minister Yuva Udyami National Skill Development Vikas Abhiyan (CM YUVA) Corporation (NSDC) Yojana PC Jeweller has been onboarded as an approved Franchise Brand PC Jeweller has entered into an MoU with National Skill u
Slide 21: 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 Chief Minister – Yuva Udyami Vikas Abhiyan (CM-YUVA) and has entered into an MoU with the Government of Uttar Pradesh Entrepreneur Enablement Unde
Slide 22: PC Jeweller's MoU with NSDC
PC Jeweller’s MoU with NSDC, under the Ministry of Skill Development & Entrepreneurship, Govt. of India The National Entrepreneurs Empowerment Drive (“NEED”) is NSDC’s flagship initiative to transform skilled youth into micro-entrepreneurs through a market-linked ecosystem. It connects aspiring entr
Slide 23: Key Market & Policy Drivers behind the Strategic Partnerships
Key Market & Policy Drivers behind the Strategic Partnerships Large Under Untapped Skilled Requirement for Ongoing Evolving served Rural Entrepreneur Base Scalable, Low- Formalisation of Consumer Jewellery Market Capex Models the Industry Preferences Jewellery is a trusted A large base of Low-invest
Slide 24: PC Jeweller's Support to Franchisee under the Schemes
PC Jeweller’s Support to Franchisee under the Schemes Standardized Business Model To provide standardized business model, branding, store setup guidance, and market access to ensure consistency and scalability End to End Support Supply chain & Operations Assist in enabling operations through end-to-
Slide 25: Value Creation for PC Jeweller under these Initiatives
Value Creation for PC Jeweller under these Initiatives Deeper Market Penetration in Asset Light & Capital Efficient Growth Rapid, Low cost Retail Expansion underserved Geographies • Franchise-led expansion reduces store • Enables scaling of retail footprint across • Unlocks access to new retail touc
Slide 26: Business Overview & Competitive Strengths
Business Overview & Competitive Strengths
Slide 27: 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 28: 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 29: 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 30: 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 31: 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 32: 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 29
Slide 33: 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 34: A Glimpse of PC Jeweller's Collections, Sub-Brands & Showrooms
A Glimpse of PC Jeweller’s Collections, Sub-Brands & Showrooms
Slide 35: 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 36: 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 37: 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 38: 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) 35
Slide 39: 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) 36
Slide 40: Industry Overview
Industry Overview
Slide 41: 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 42: 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 43: Diamond/Studded Jewellery: Expanding Share in Value Added Mix
Diamond/Studded Jewellery : Expanding Share in Value Added Mix Diamond/Studded Industry 41 21% - 23% 16% 10% 13 10 7 2018 2021 2023 2028P Diamond/Studded Jewellery Market in India is expected to grow at +21% CAGR by FY28 Diamond-studded jewellery enjoys higher gross margins as compared to gold jew
Slide 44: Way Forward
Way Forward
Slide 45: Way Forward
Way Forward Exploring the Deliver sustained value Possibility of Transition to a Debt- Leveraging Core opportunity of creation for establishing vertical Free Balance Sheet to Strength expansion of retail shareholders integration through enhance financial resilience footprint Mining • Core strengths
Slide 46: 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 43