PC Jeweller shares jumped over 7% on Thursday, 8 October, after the jewellery retailer reported a strong second-quarter business update, with consolidated revenue rising 28% year-on-year in Q2 FY27 amid healthy consumer demand.
The company also highlighted its improved financial position after becoming debt-free during the September quarter. PC Jeweller said it had repaid the outstanding debt of all 14 consortium banks, with repayments completed ahead of their scheduled due dates.
The company had opted for a one-time settlement (OTS) with its consortium of banks in September 2024 to resolve its outstanding dues. Its total debt at the time was around ₹3,000 crore.
According to a regulatory filing, consolidated revenue grew around 28% year-on-year during July-September 2026.
PC Jeweller also received ₹142 crore in remittances from outstanding export debtors during the quarter, it said.