PC Jeweller vs Senco Gold vs Kalyan Jewellers: As the Q2 results season approaches, companies have begun releasing their business updates for the September quarter, offering investors an early view of their performance.
Jewellery players such as PC Jeweller, Senco Gold and Kalyan Jewellers have also announced their September quarter business updates, giving a sneak peak into how the companies performed during the quarter.
Jewellery retailer PC Jeweller posted a strong business update for the second quarter, with consolidated revenue increasing 28% year-on-year in Q2 FY27, supported by healthy consumer demand.
The company also reported a significant improvement in its financial position after becoming debt-free during the September quarter. PC Jeweller said it had fully repaid its outstanding borrowings from all 14 consortium banks, completing the repayments ahead of the scheduled timelines.
According to Seema Srivastava, Senior Research Analyst at SMC Global Securities, PC Jeweller staged a dramatic turnaround, achieving a debt-free status after clearing its legacy bank dues and resolving export receivables, making it an intriguing special-situation play.