Sat, 15 Aug 2026
04:04:22 pm
Rudransh Sangwan
Published at: August 12, 2026, 5:26 AM
Synopsis
PC Jeweller Q1 FY27 results: PAT rises 37.2% to ₹222 crore, revenue grows 21% to ₹877 crore as the company completes a ₹2,702 crore preferential issue and plans a ₹1,000 crore QIP.

PC Jeweller reported a 37.2% year-on-year increase in consolidated profit after tax to ₹222 crore for the first quarter of FY27, compared with ₹161.9 crore in Q1 FY26. Revenue from operations rose 21% to ₹877.04 crore from ₹724.91 crore, while EBITDA increased 89.7% to ₹241.56 crore from ₹127.3 crore. On a quarter-on-quarter basis, PAT rose 45.32% from ₹152.89 crore in the March quarter, although revenue declined 5.4% from ₹927.34 crore. PC Jeweller shares ended at ₹9.77 on August 10, 2026, unchanged on the day.
The jewellery retailer also completed a ₹2,702.11 crore preferential issue during the June quarter, with 93% of the issue proceeds realised. Promoters have since converted an additional 4.16 crore warrants into equity shares, while the board has approved a proposal to raise up to ₹1,000 crore through a QIP, subject to the required approvals. PC Jeweller had a total retail area of 2.05 lakh square feet across 12 states as of June 30, 2026, along with an e-commerce platform. Its activities also expanded into gold mining in Chad through its step-down subsidiary PCJ Mining SARL.
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PC Jeweller shares ended at ₹9.77 on August 10, 2026, unchanged during the trading session. The stock has gained 1.87% over the past week and 3.37% over three months, while its year-to-date gain stands at 3.04%. Over a one-year period, however, the shares have declined 29.15%. The stock has delivered a 257.09% return over the past three years. The supplied source does not provide the current market capitalisation, 52-week high and low, P/E, book value, ROE or ROCE, so these figures have not been added.
| Period | Stock return |
|---|---|
| 1 Day | 0.00% |
| 1 Week | +1.87% |
| 3 Months | +3.37% |
| Year to Date | +3.04% |
| 1 Year | -29.15% |
| 3 Years | +257.09% |
PC Jeweller's Q1 FY27 results showed growth across the main reported profit and operating measures. Consolidated PAT increased 37.2% to ₹222 crore from ₹161.9 crore, while revenue from operations grew 21% to ₹877.04 crore. EBITDA recorded a much faster 89.7% increase to ₹241.56 crore from ₹127.3 crore. Compared with the March quarter, PAT increased 45.32%, while revenue was lower by 5.4%. The quarterly numbers therefore show stronger profitability despite the sequential decline in revenue.
| Metric | Q1 FY27 | Q1 FY26 | YoY Change |
|---|---|---|---|
| Revenue from operations | ₹877.04 Cr. | ₹724.91 Cr. | +21.0% |
| EBITDA | ₹241.56 Cr. | ₹127.30 Cr. | +89.7% |
| Consolidated PAT | ₹222 Cr. | ₹161.90 Cr. | +37.2% |
PC Jeweller completed a ₹2,702.11 crore preferential issue of fully convertible warrants during the June quarter, with 93% of the issue proceeds realised. After the end of the quarter, promoters converted another 4.16 crore warrants into equity shares. The company's board also approved a proposal in July to raise up to ₹1,000 crore through a qualified institutional placement, subject to the required approvals. The additional fundraising proposal is separate from the preferential issue completed during Q1 FY27.
| Fundraising activity | Details |
|---|---|
| Preferential issue | ₹2,702.11 Cr. |
| Issue instrument | Fully convertible warrants |
| Proceeds realised | 93% |
| Additional promoter conversion | 4.16 crore warrants |
| Proposed QIP | Up to ₹1,000 Cr. |
| QIP status | Subject to required approvals |
PC Jeweller operates in the jewellery retail business through its showroom network and e-commerce platform. As of June 30, 2026, the company had 2.05 lakh square feet of total retail area spread across 12 states. During the quarter, its step-down subsidiary PCJ Mining SARL received a licence for semi-mechanised artisanal gold mining in Chad, expanding the company's activities beyond its core retail operations. PC Jeweller also entered into memorandums of understanding with the National Skill Development Corporation and the Uttar Pradesh government under the Chief Minister Yuva Udyami Vikas Abhiyan scheme.
Under its partnership with the National Skill Development Corporation, PC Jeweller will act as the industry and franchise partner for the gems and jewellery sector under the National Entrepreneurs Empowerment Drive. The initiative envisages onboarding up to 2,00,000 micro-entrepreneurs across India over five years under the PC Jeweller brand. The supplied information does not provide financial projections or the expected contribution of this initiative to revenue or profit.
The June quarter showed a 21% increase in revenue and 37.2% growth in consolidated PAT, while EBITDA grew 89.7%. At the same time, revenue declined 5.4% sequentially from the March quarter. The company's capital position is another area to track following the ₹2,702.11 crore preferential issue and the proposed ₹1,000 crore QIP. Investors can also monitor the execution of the company's retail network, e-commerce business and the newly announced gold mining and franchise initiatives.
PC Jeweller's stock performance remains mixed across different periods. Although the shares have gained 3.04% year to date and 257.09% over three years, they have declined 29.15% over one year. The proposed QIP is also subject to required approvals, while the source does not provide details on the potential financial impact of the gold mining venture or the franchise initiative. Revenue also declined sequentially in Q1 FY27, which remains an area to monitor alongside the company's ability to sustain its reported profit and EBITDA growth.
PC Jeweller's Q1 FY27 performance showed higher revenue and stronger profitability, with consolidated PAT rising 37.2% and EBITDA increasing 89.7% year on year. The company also completed a ₹2,702.11 crore preferential issue and is seeking approval for a further ₹1,000 crore QIP. Its retail network covered 2.05 lakh square feet across 12 states as of June 30, while new initiatives include gold mining in Chad and a planned gems and jewellery franchise programme. For investors tracking PC Jeweller share price and stock performance, the next focus will be on sustaining earnings growth, the proposed fundraising and the execution of its expansion plans.
PC Jeweller reported a 37.2% year-on-year rise in consolidated PAT to ₹222 crore in Q1 FY27, compared with ₹161.9 crore in Q1 FY26. Revenue from operations increased 21% to ₹877.04 crore.
Revenue from operations rose 21% YoY to ₹877.04 crore in Q1 FY27 from ₹724.91 crore in the year-ago quarter.
Consolidated profit after tax increased 37.2% to ₹222 crore, compared with ₹161.9 crore in Q1 FY26.
PC Jeweller's EBITDA rose 89.7% year on year to ₹241.56 crore in Q1 FY27 from ₹127.3 crore.
Yes. PC Jeweller completed a ₹2,702.11 crore preferential issue of fully convertible warrants during the June quarter, with 93% of the issue proceeds realised.
Yes. The board has approved a proposal to raise up to ₹1,000 crore through a qualified institutional placement (QIP), subject to the required approvals.
PC Jeweller shares ended at ₹9.77 on August 10, 2026, unchanged on the day. The stock gained 1.87% over one week and 3.37% over three months but declined 29.15% over one year.
As of June 30, 2026, PC Jeweller had 2.05 lakh square feet of total retail area across 12 states, along with an e-commerce platform.
PC Jeweller's step-down subsidiary PCJ Mining SARL received a licence for semi-mechanised artisanal gold mining in Chad. The company has also entered partnerships related to the gems and jewellery sector and micro-entrepreneur development.
Under its partnership with the National Skill Development Corporation, PC Jeweller will act as an industry and franchise partner for the gems and jewellery sector under the National Entrepreneurs Empowerment Drive. The programme aims to onboard up to 2,00,000 micro-entrepreneurs across India over five years.
Investors can monitor earnings growth, fundraising plans, retail expansion, sequential revenue performance and the execution of new business initiatives. The proposed ₹1,000 crore QIP is also subject to required approvals.

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