PC Jeweller Q2 FY27: Revenue Up 28%, Becomes Debt-Free

PC Jeweller reported a strong Q2 FY27 with consolidated revenues rising 28% year-on-year to Rs 1,054 crores. A significant achievement was becoming debt-free by repaying all outstanding dues to 14 consortium banks ahead of schedule. The company expects reduced interest costs to positively impact net profit from H2 FY27. Other highlights include the commencement of realization of long-pending export receivables (Rs 142 Cr received), plans for aggressive retail expansion with up to 100 new showrooms, a new brand targeting Gen-Z customers with demi-fine and lab-grown diamond jewelry, and backward integration through gold mining activities in Chad. The company is also expanding its micro-franchise network via government partnerships.