Multibagger Penny Stock Under Rs 10 Reports Strong FY26 Results; Revenue Rises 49%, Debt Reduced Sharply

On Wednesday, the Indian equity benchmarks ended marginally lower, with the benchmark Nifty 50 index declining 0.03 per cent to close at 23,907.15. Jewellery and retail stocks remained in focus amid quarterly earnings announcements and expansion updates. In this segment, PC Jeweller share price ended 0.88 per cent higher at Rs 9.21 on May 27, 2026, compared with the previous close of Rs 9.13, after the company reported strong FY26 financial performance.

PC Jeweller reports strong FY26 earnings

PC Jeweller reported standalone revenue of Rs 3,353 crore for FY26, compared with Rs 2,243 crore in FY25, registering YoY growth of 49 per cent.

EBITDA for FY26 increased 67 per cent to Rs 861 crore from Rs 517 crore in the previous financial year, while EBITDA margin improved to 25.7 per cent from 23 per cent. Profit before tax rose 58 per cent to Rs 708 crore from Rs 448 crore in FY25. Profit after tax stood at Rs 710 crore, compared with Rs 575 crore a year earlier, reflecting growth of 23 per cent. Gross profit increased 59 per cent to Rs 751 crore from Rs 472 crore in FY25, while gross margin expanded to 22.4 per cent from 21 per cent.

The company stated that operating profit after tax, excluding income tax refund and related interest treated as exceptional items, increased 80 per cent to Rs 705 crore from Rs 392 crore in the previous year.

PC Jeweller Q4FY26 performance

For Q4FY26, standalone revenue increased 33 per cent to Rs 927 crore from Rs 699 crore in the corresponding quarter previous year. Quarterly EBITDA rose 25 per cent to Rs 180 crore, while profit before tax increased 59 per cent to Rs 151 crore from Rs 95 crore in Q4FY25.

Profit after tax for the quarter stood at Rs 150 crore compared with Rs 95 crore in the corresponding quarter last year, reflecting growth of 58 per cent.

Debt reduction and fund raise

PC Jeweller stated that it has reduced its outstanding debt by more than 90 per cent since execution of the Settlement Agreement with banks on September 30, 2024.

Short-term borrowings declined to Rs 1,072 crore at the end of FY26 from Rs 2,064 crore a year earlier.

The company completed a preferential issue of fully convertible warrants amounting to Rs 2,702.11 crore, with the process completed on April 10, 2026, and around 93 per cent of total allotted warrants realised. The company added that it continues progressing towards becoming debt-free.

PC Jeweller Expansion and mining initiatives

PC Jeweller said it is targeting opening of up to 100 large-format franchisee showrooms over the next 12 to 18 months following positive response from prospective partners.

The company also signed an MoU with the Government of Uttar Pradesh under the Chief Minister – Yuva Udyami Vikas Abhiyan to establish up to 1,000 retail franchisee units in rural and semi-urban areas of the state. Separately, the company executed an MoU with the National Skill Development Corporation to onboard up to 2,00,000 micro-entrepreneurs over five years under its brand.

In another development, PCJ Mining SARL, a step-down subsidiary incorporated in the Republic of Chad, received a licence in April 2026 for semi-mechanized artisanal gold mining. The company expects production activities to commence during the current financial year.

PC Jeweller Shareholding and Stock Performance

PC Jeweller traded at Rs 9.21 on May 27, 2026, at 3:50 PM, compared with the previous close of Rs 9.13, reflecting a gain of 0.88 per cent during the session.

The stock has declined around 28.83 per cent over the past one year, while two-year and three-year returns stood at 90.01 per cent and 265.04 per cent respectively. The stock’s 52-week high and low stood at Rs 18.74 and Rs 7.52 respectively. Foreign institutional investor holding increased to 10.40 per cent from 6.31 per cent, while domestic institutional investor holding stood at 5.42 per cent.

About PC Jeweller

PC Jeweller Ltd is engaged in manufacturing and retailing of gold, diamond and other jewellery products through its showroom and franchise network across India. The company operates across jewellery retail, franchise operations and related value-added services while continuing expansion through franchise-led growth initiatives.

What are your views on PC Jeweller’s FY26 turnaround and debt reduction strategy? Share your thoughts in the comments below.
Disclaimer: This article is for informational purposes only and not investment advice.