Jewellery Company-PC Jeweller Signs MoU with Government of Uttar Pradesh
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The stock is up by 4 per cent from its 52-week low of Rs 9.37 per share and has given multibagger returns of 290 per cent in 5 years.
PC Jeweller Ltd. (PCJ) has officially entered into a Memorandum of Understanding (MoU) with the CM YUVA Mission under the Department of MSME and Export Promotion, Government of Uttar Pradesh. This agreement, finalised on December 19, 2025, follows the company’s recent approval for onboarding as a Franchise Brand on the CM-YUVA Portal. The collaboration is designed to foster a robust entrepreneurial ecosystem by enhancing youth employability and promoting self-employment through innovation-driven enterprise creation across the state.
Through this partnership, PCJ intends to facilitate the establishment of 1,000 jewellery retail franchisee units, specifically targeting trained goldsmiths and aspiring entrepreneurs in rural and semi-urban areas. By integrating PCJ’s established brand reputation with modern digital sales tools and the state’s technical innovation framework, the initiative aims to provide scalable and sustainable livelihood opportunities. This strategic expansion not only strengthens the company’s retail footprint in Uttar Pradesh but also contributes directly to the government’s mission of localised economic development and large-scale employment generation.
About the Company
PC Jeweller Ltd is an Indian company that designs, manufactures, sells and trades gold, platinum, diamond and silver jewellery. They operate across India with multiple brands, including Azva, Swarn Dharohar and LoveGold and even created commemorative medallions for the Cricket World Cup.
In Q2 FY 2026, the company achieved exceptional financial growth, headlined by a 63 per cent year-on-year increase in domestic revenues to Rs 825 crore and a 99 per cent surge in Operating PAT to Rs 202.5 crore. This strong performance extended to the first half of the year, with H1 EBITDA rising 109 per cent to Rs 456 crore. Beyond profitability, the company made significant strides toward its goal of becoming debt-free by the end of FY 2026, reducing outstanding Bank debt by 23 per cent this quarter through strong cash flows and a Rs 500 crore preferential allotment.
The company has a market cap of over Rs 7,000 crore. As of September 2025, State Bank of India (SBI) holds a 2.44 per cent stake and the Union Bank of India owns a 1.15 per cent stake in the company. The stock is up by 4 per cent from its 52-week low of Rs 9.37 per share and has given multibagger returns of 290 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.