PC Jeweller Limited has announced a solid operational performance for the third quarter of FY2026, driven by improved standalone revenues during the peak festive and wedding season. The quarter also marked progress on the company’s retail expansion plans and ongoing balance sheet strengthening initiatives.
Alongside improved sales momentum, PC Jeweller continued to focus on reducing its debt burden following a previously concluded settlement with its lenders.
Q3 FY2026 Financial Highlights
For the quarter ended Q3 FY2026, PC Jeweller posted an approximate 37% year-on-year increase in standalone revenue. The growth was largely supported by heightened consumer demand for jewellery during the festive period and the wedding season, traditionally a strong phase for the sector.
The company clarified that the financial numbers shared are provisional in nature and will be subject to review by its statutory auditors.
Engagement with Uttar Pradesh’s CM-YUVA Scheme
During the quarter, PC Jeweller submitted a proposal under the Chief Minister–Yuva Udyami Vikas Abhiyan (CM-YUVA), a flagship entrepreneurship initiative launched by the Government of Uttar Pradesh. The programme is designed to promote self-employment, skill development, and job creation across the state.
The proposal focuses on enabling trained goldsmiths in rural and semi-urban regions to establish jewellery-related enterprises.
Franchise-Led Retail Expansion Plans
PC Jeweller has received approval to be empanelled as a franchise brand on the CM-YUVA portal. The company has also signed a memorandum of understanding with the CM-YUVA Mission under the Department of MSME and Export Promotion.
Under this initiative, PC Jeweller plans to support the rollout of up to 1,000 franchise-based jewellery retail outlets. This model is expected to help broaden the company’s retail footprint while encouraging entrepreneurship and local employment generation.
Update on Debt Reduction Efforts
Following the settlement agreement signed with banks on September 30, 2024, PC Jeweller has successfully reduced its outstanding debt by nearly 68%. The management has reiterated its commitment to further deleveraging and aims to move towards a debt-free balance sheet as part of its long-term financial restructuring strategy.
Summary
PC Jeweller’s Q3 FY2026 update highlights a combination of strong revenue growth, strategic retail expansion, and meaningful progress in debt reduction. The company’s participation in the CM-YUVA initiative aligns its growth plans with government-backed entrepreneurship programmes, while its improving financial position reflects sustained restructuring efforts. Together, these developments position PC Jeweller for a more stable and scalable growth trajectory going forward.
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