PC Jeweller's Strategic Financial Turnaround

PC Jeweller Ltd has made a significant stride in reducing its bank loans by more than half, aiming for a debt-free status by March 2026. Managing Director Balram Garg credits this achievement to improved sales and strategic fundraising efforts.

Debt Reduction and Future Plans

With bank loans expected to drop to Rs 1,775 crore by the end of the current fiscal year, the company is on track to eliminate its debt entirely. A preferential issue of warrants is planned to raise over Rs 1,500 crore in the next fiscal year, further aiding in debt clearance.

Business Growth and Financial Performance

The company has seen a rebound in sales post-COVID-19, with consolidated revenue jumping to Rs 1,545.58 crore during April-December FY25. This turnaround from a net loss to a profit of Rs 482.92 crore in the same period highlights PC Jeweller's recovery and growth.

Operational Restructuring

Optimizing operations, PC Jeweller has closed non-profitable showrooms, focusing on profitability and efficiency. The company's shares reflect this strategic shift, closing at Rs 13.06 apiece on the BSE.