Editor’s Note
PC Jeweller’s strong Q3 results highlight robust festive and wedding season demand, with standalone income rising ~37% year-on-year. The performance underscores the company’s established position in India’s studded jewelry market.
PC Jeweller Limited, a well-known company in the jewelry sector, has delivered an excellent performance in the third quarter (Q3FY26) of the current financial year 2025-26. The company reported that during the quarter ending December 2025, its standalone income recorded a year-on-year surge of approximately 37%. This jump was primarily observed due to strong consumer demand during the festive and wedding season. The company has long been a major name in the studded jewelry segment, and the current quarter’s results demonstrate its strong hold in the market. The company’s shares rose by up to 3 percent last Friday, reaching ₹9.57.
During the same quarter, PC Jeweller Limited also secured a significant partnership with the Uttar Pradesh government. The company had submitted a proposal to the Directorate of Industries and Enterprise Promotion under the Chief Minister Youth Entrepreneur Development Campaign (CM-YUVA), which has now been approved. Under this scheme, 1,000 jewelry retail franchise units will be opened in rural and semi-urban areas. These units will be operated by trained goldsmiths and young entrepreneurs. For this, the company has also signed an MoU with the CM-YUVA Mission of the MSME and Export Promotion Department of the Uttar Pradesh government.
The company states that this initiative will not only provide self-employment opportunities for youth but will also increase local employment and strengthen the state’s economy. Meanwhile, PC Jeweller will also benefit from this by expanding its retail network, increasing brand recognition, and gaining access to new markets. Notably, this model will further strengthen the company’s presence in small towns and cities where jewelry demand is continuously rising.
On the financial front, the company is also on a rapid path of improvement. PC Jeweller reported that since the settlement agreement with banks on September 30, 2024, it has already repaid approximately 68% of its total debt. The company’s goal is to become completely debt-free in the near future. Moving forward, the company will maintain its focus on retail expansion, financial strengthening, and consistent performance improvement. However, the company has also clarified that all these figures are currently provisional and changes are possible after a limited review by the statutory auditor.
