Shares of PC Jeweller Limited witnessed strong buying interest on Monday, rising over 8 per cent during early trade after the company announced an encouraging business update for the third quarter of FY26 and reaffirmed its confidence in becoming debt-free in the near future.
The stock surged as much as 8.06 per cent to hit ₹10.32 on the National Stock Exchange (NSE), marking its highest level since December 17, 2025. Heavy trading activity was seen in the counter, with around 53.3 million shares changing hands during the session. However, the scrip later trimmed some gains and was trading 4.50 per cent higher at ₹10.12 around 9:56 am, even as the benchmark Nifty 50 index slipped 0.12 per cent.
Strong Q3 Performance Lifts Investor Confidence
PC Jeweller’s share price movement was primarily driven by its robust operational performance in the October–December quarter (Q3FY26). According to the company’s quarterly business update, standalone revenue grew 37 per cent year-on-year during the quarter, reflecting improved demand and better execution.
Adding to the positive sentiment, the company highlighted significant progress in reducing its debt burden. PC Jeweller stated that it has already cut 68 per cent of its existing debt following the settlement agreement signed with banks on September 30, 2024. Management expressed confidence in achieving a debt-free status in the near future, which further strengthened investor optimism.
Focus on Expansion and Strategic Initiatives
Looking ahead, PC Jeweller said it plans to focus on expanding its retail presence while continuing to strengthen its balance sheet. The company believes that a combination of lower debt, improved operations, and wider retail reach will support sustainable growth.
During the third quarter, PC Jeweller also received approval to be onboarded as a Franchise Brand under the Chief Minister’s Yuva Udyami Vikash Abhiyan by the Directorate of Industries and Enterprises Promotion, Government of Uttar Pradesh.
The company signed a Memorandum of Understanding (MoU) with the CM Yuva Mission under the Department of MSMEs and Export Promotion. The initiative aims to foster entrepreneurship, boost employability, and encourage self-employment among youth through innovation-led enterprise development.
Under this scheme, PC Jeweller will support trained goldsmiths and entrepreneurs in rural and semi-urban areas by facilitating the establishment of 1,000 retail franchise units across the region.
Overall, the combination of strong quarterly growth, sharp debt reduction, and strategic expansion initiatives helped PC Jeweller stock outperform the broader market and attract renewed investor interest.
About the Author
