Gold boom sparks stunning 32% surge — Jewellery player’s turnaround gains momentum

PC Jeweller Ltd reported a strong performance for the fourth quarter of FY2025-26, posting a standalone revenue growth of around 32% year-on-year, according to a regulatory filing released on Monday.

The company highlighted that steady performance across all quarters helped FY2026 emerge as a highly positive year, with overall revenue rising approximately 49% YoY, reflecting continued progress in its turnaround efforts. In comparison, its revenue from operations stood at Rs 2,243.25 crore in FY2024-25.

While no specific reason was cited, higher gold prices driven by global geopolitical uncertainties are believed to have supported revenue growth.

The company also made progress in reducing its debt, cutting outstanding bank borrowings by about 23% during the quarter under a Joint Settlement Agreement. It reiterated its goal of becoming debt-free in the near future.

Additionally, the firm has expanded strategically by incorporating PCJ Mining SARL in Chad to explore precious metal mining and enable vertical integration.

Looking ahead, the company remains optimistic about demand from the wedding season and Akshay Tritiya, while also planning retail expansion and skill development initiatives.

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