PC Jeweller repays 98% of bank debt, targets debt-free status this month
PC Jeweller says it has settled dues with 12 of its 14 consortium banks and repaid more than 98% of its bank debt. The jeweller is targeting a fully debt-free balance sheet in September 2026, following Q1 profit growth of 37.2% and revenue growth of 21% year on year.
What happened
PC Jeweller has repaid over 98% of its bank debt, fully settling dues with 12 of 14 consortium banks, and aims to become debt-free this month. Its shares gained
Key facts
- More than 98% of bank debt repaid
- 12 of 14 consortium banks fully repaid
- Less than 2% of bank debt remains
- BSE share price rose 6.33% to ₹13.60
- Q1 FY2026-27 consolidated net profit rose 37.2% YoY to ₹222 crore
What changed
PC Jeweller has repaid over 98% of its bank debt, fully settling dues with 12 of 14 consortium banks, and aims to become debt-free this month. Its shares gained over 6% after the update, alongside strong Q1 profit, revenue and EBITDA growth.
Why this matters
With over 98% of bank debt repaid alongside 37.2% Q1 profit growth and 21% revenue growth, PC Jeweller is materially improving its balance-sheet risk profile ahead of its September 2026 debt-free target.
What to watch
- Formal confirmation that all 14 consortium-bank accounts are settled and charges/pledges are released.
- Quarterly net-debt, finance-cost and operating-cash-flow trends versus the debt-free target.
- Revenue growth and gross-margin performance during festive and wedding-demand periods.
- Gold-price movements and their effect on consumer demand, inventory valuation and working-capital needs.
- Any equity dilution, asset sale, fresh borrowing or restructuring needed to close the remaining debt balance.