Editor’s Note
PC Jeweller’s stock surged over 16% following a strong quarterly revenue report and a pledge to become debt-free this financial year.
Shares of jewellery company PC Jeweller Ltd. witnessed a rocket-like surge on Friday. PC Jeweller’s shares jumped over 16 percent to reach Rs 16.38. The company has reported that its revenue grew by approximately 80 percent in the first quarter. This growth in revenue is attributed to strong demand. PC Jeweller has stated that it will become completely debt-free in the current financial year. PC Jeweller’s shares have been rising for the fourth consecutive day. During this period, the company’s shares have surged by nearly 30 percent.
In an exchange filing, jewellery company PC Jeweller reported that despite fluctuations in gold prices, it achieved a standalone revenue growth of approximately 80 percent in the first quarter of the current financial year compared to the first quarter of the previous financial year. The company says there has been good demand for its products, with customers purchasing gold jewellery for weddings and festivals.
During the financial year 2024-25, PC Jeweller has repaid more than 50 percent of its outstanding debt to bankers. The jewellery company aims to become completely debt-free by the financial year 2026. To achieve this goal, the company has repaid an additional approximately 7.5 percent of its outstanding debt in the first quarter of the current financial year. According to the company, it has streamlined and strengthened all aspects of its operations. The company expects excellent performance in the coming quarters.
PC Jeweller has already split its shares. In December 2024, the company split its shares into 10 parts. The company split shares with a face value of Rs 10 into 10 shares with a face value of Rs 1 each. Prior to this, PC Jeweller had issued bonus shares to its shareholders in July 2017. The company issued bonus shares in a 1:1 ratio. That is, the company distributed 1 bonus share for every 1 share held.
