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PC Jeweller Eyes Rs 5 Billion Capital Raise to Accelerate Debt-Free Ambitions

Updated: July 10, 2025 18:11

Image Source : JustDial
PC Jeweller Ltd is set to raise up to Rs 5 billion through a preferential allotment of securities, as approved in its July 10 board meeting. The move comes amid a sharp turnaround in financial performance and a renewed push toward becoming debtfree by FY26.
 
Key Highlights
  • The capital raise will be executed via fully convertible warrants, subject to shareholder and regulatory approvals.
  • Funds will be used to strengthen the balance sheet, reduce outstanding bank loans, and support operational expansion.
Financial Momentum
  • The company reported an 80% YoY jump in standalone revenue in Q1 FY26, driven by festive and wedding demand.
  • Net profit surged to Rs 577.7 crore, with EBITDA at Rs 395 crore, reflecting robust margin recovery.
  • PC Jeweller has already reduced its debt by over 50% in FY25 and an additional 7.5% in Q1 FY26.
Market Response
Shares surged 5.2% ahead of the announcement, with a 226% oneyear return, despite recent ASM surveillance.
 
Sources: Economic Times, Ainvest, Business Standard, Indian Jeweller, GoodReturns, DSIJ, TradingView

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