
Management Change27 May 2026, 06:02 pm
PC Jeweller Re-appoints Balram Garg as MD; FY26 Revenue Up 49%
AI Summary
PC Jeweller Ltd's Board re-appointed Balram Garg as Managing Director for 5 years, effective July 1, 2026, subject to member approval. The company reported strong FY26 results with revenue increasing by approximately 49% year-on-year to ₹3,351 crores and PBT increasing by approximately 58% year-on-year to ₹708 crores. Q4FY26 standalone domestic revenue increased by approximately 33% year-on-year and PBT increased by approximately 59% year-on-year. The company has reduced its outstanding debt by more than 90% since September 2024 and successfully completed a preferential issue of warrants amounting to ₹2,702.11 crores.
Key Highlights
- Balram Garg re-appointed as Managing Director for 5 years, effective July 1, 2026.
- FY26 revenue increased by approximately 49% year-on-year to ₹3,351 crores.
- FY26 PBT increased by approximately 58% year-on-year to ₹708 crores.
- Company reduced outstanding debt by over 90% since September 2024.
- Preferential warrant issue of ₹2,702.11 crores successfully completed.
Price Impact
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