PC Jeweller Q2 Update: Revenue grows 28%; receives ₹142 crore from export debtors
PC Jeweller reported approximately 28% year-on-year consolidated revenue growth in Q2 FY27 and achieved a debt-free status after repaying all outstanding bank debt ahead of schedule. The company also received around ₹142 crore from outstanding export debtors and completed its ₹500 crore preferential fund raising through equity shares and warrants.
Jewellery retailer PC Jeweller Ltd on Wednesday reported approximately 28% year-on-year growth in consolidated revenue for the quarter ended September 30, 2026, while achieving a debt-free status after repaying all outstanding bank debt ahead of scheduled due dates.The company also received around ₹142 crore during the quarter from outstanding export debtors, marking the start of realisation of its outstanding export receivables after negotiations with its export debtors were resolved.PC Jeweller becomes debt-freeDuring the quarter ended September 30, the company completed repayment of outstanding debt to all banks ahead of their scheduled due dates, making PC Jeweller debt-free. The company said it will save on interest costs going forward, which it said will positively impact its bottom line and strengthen its balance sheet.ALSO READ | PC Jeweller becomes debt free, clears dues of all 14 consortium banks₹142 crore export receivables realisedPC Jeweller received remittances of approximately ₹142 crore during the quarter from its outstanding export debtors.The company said its efforts and negotiations to amicably resolve the issue of outstanding export receivables have yielded positive results. It said the issue with its export debtors has been resolved and realisation of the outstanding export receivables has commenced with this remittance.₹500 crore preferential issue completedThe company completed fundraising aggregating up to ₹500 crore through a preferential issue of equity shares and warrants on September 24, 2026.
The fundraising was completed following the conversion of all warrants allotted to promoter Balram Garg.ALSO READ | PC Jeweller’s Q1 profit jumps 37% as operating earnings nearly doubleThe company said the financial details provided in the business update are provisional and subject to limited review by the statutory auditor. Shares of PC Jeweller Ltd ended at ₹13.15, up by ₹0.21, or 1.62%, on the BSE.
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