For the full fiscal year FY2026, revenue rose approximately 49% YoY, signalling meaningful progress in its ongoing turnaround strategy.
During the quarter, PC Jeweller entered into a Memorandum of Understanding with the National Skill Development Corporation under the Ministry of Skill Development & Entrepreneurship. As part of this initiative, the company will act as an industry/franchise partner for the gems and jewellery sector, aiming to onboard up to 200,000 micro-entrepreneurs over the next five years. The move is expected to strengthen its retail footprint while promoting employment and entrepreneurship nationwide.
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On the financial front, the company continued to deleverage its balance sheet, reducing outstanding bank debt by around 23% during the quarter under the Joint Settlement Agreement. It has already repaid a significant portion of its dues, advancing toward its goal of becoming debt-free in the near term.
In a strategic development, a subsidiary of the company incorporated PCJ Mining SARL in the Republic of Chad to explore the extraction of precious metal ores. This step could support backward integration and enhance control over its supply chain.
Looking ahead, PC Jeweller remains optimistic about demand driven by the upcoming summer wedding season and festivals such as Akshaya Tritiya in Q1FY2027. The company plans to expand its retail presence further, strengthen its financial position, and maintain consistent operational performance to drive long-term growth and shareholder value.
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On the technical front, data from Trendlyne shows the Relative Strength Index (RSI) at 45.7, indicating a neutral zone, as levels below 30 are considered oversold while those above 70 signal overbought conditions. Meanwhile, the stock reflects a bearish trend, trading below five out of its eight simple moving averages (SMAs).
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