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PC Jeweller’s Q1 profit rises 37% as debt repayment advances

PC Jeweller reported strong Q1FY27 profit and revenue growth, repaid debt across eight consortium banks and expects to turn debt-free this quarter. The jeweller also completed a ₹2,702.11 crore warrant issue and approved a QIP of up to ₹1,000 crore for expansion and financial flexibility.

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Reported figures

From the report. Source details below

Q1FY27 consolidated net profit: ₹222 crore, up 37.2% YoY from ₹153 crore
Q1FY27 revenue from operations: ₹877 crore, up 21% YoY from ₹725 crore
Q1FY27 PAT excluding other income: ₹213 crore, up 168% YoY from ₹79 crore
Debt cleared with 8 of 14 consortium banks
More than 96% of debt repaid at remaining 6 banks; less than 4% remains
₹2,702.11 crore preferential issue of convertible warrants completed; 93% proceeds realised

Also in the report

  • 4.16 crore additional warrants converted into equity

The source

Source Read the source at Mint Published

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