PCJ shares rise up to 8% on strong Q3 business update

Stock rises in trade.

• PC Jeweller shares rose up to 8 percent after strong Q3 business update
• Q3 FY26 standalone revenue rose 37% due to festive and wedding demand.
• Company targets debt-free status after cutting debt by 68% since September.

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Shares of PC Jeweller rose up to 8 percent on Monday after the company reported a strong business update for the third quarter ended December 31.

The stock climbed 8 percent to hit an intraday high of Rs 10.32 apiece on the NSE. It later pared some gains and was trading at Rs 10.08, up 5.55 percent, at around 12 p.m.

The rally came after the company reported a 37 percent growth in standalone revenue for the December quarter of FY26, driven by healthy consumer demand during the ongoing festival and wedding season.

During the quarter, the company said it submitted a proposal to the Directorate of Industries and Enterprises Promotion, Government of Uttar Pradesh, under the Chief Minister — Yuva Udyami Vikas Abhiyan (CMYUVA) scheme.

The proposal seeks to support trained goldsmith entrepreneurs in rural and semi-urban areas by helping them set up 1,000 jewellery retail franchise units with the company, in line with the state government’s policy of promoting entrepreneurship, skill development and local employment generation.

The company said the proposal has received approval for on-boarding as a franchise brand on the CM-YUVA portal and it has also entered into a memorandum of understanding with the CM YUVA Mission under the Department of MSME and Export Promotion, Government of Uttar Pradesh.

PC Jeweller said it remains committed to achieving a debt-free status in the near future.

It said that since the execution of a settlement agreement with banks on September 30, 2024, it has reduced its outstanding debt by about 68 percent, as per a regulatory filing.

The company said it will continue to focus on expanding its retail footprint, achieving debt-free status and delivering steady performance in the coming quarters.

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