Business
PC Jeweller shares rise up to 14% as Q4 profit rises 61% to Rs 153 crore
PC Jeweller shares rise up to 14% as Q4 profit rises 61% to Rs 153 crore
About this update from Pc Jeweller Ltd.
PC Jeweller shares rallied as much as 14 percent in Friday’s trade after the company reported a 61 percent rise in its consolidated net profit for the March quarter (Q4 FY26), driven by higher income and improved operational performance.The stock opened at Rs 9.48 on the BSE, up 2.9 percent from its previous close of Rs 9.21. It later gained momentum amid strong volumes and touched an intraday high of Rs 10.48, marking a gain of 13.78 percent.The company reported a consolidated net profit of Rs 152.89 crore for the quarter ended March 31, 2026, compared to Rs 94.78 crore in the same period last year, according to an exchange filing.Total income rose to Rs 946.26 crore in Q4 FY26 from Rs 700.10 crore a year earlier.For the full 2025–26 fiscal, the company’s net profit increased to Rs 714.46 crore from Rs 577.70 crore in the previous year, while total income grew to Rs 3,549.58 crore from Rs 2,371.87 crore.Commenting on the performance, Managing Director Balram Garg said FY26 was an important year for the company as it regained momentum and delivered strong performance throughout the year."This broad-based growth was driven by strong execution across the business, supported by continued consumer demand throughout the year, marking meaningful progress in the company’s ongoing turnaround journey," Garg said.He added that the company continues to strengthen and deleverage its balance sheet and has made steady progress towards becoming debt-free."As on date, the company has reduced its outstanding debt by more than 90 per cent since the execution of the settlement agreement with banks, demonstrating significant progress towards its financial goals. We are confident of a debt-free balance sheet very soon," he said.(PTI Inputs)Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.