PJPC Jeweller534809Investor deck

Investor presentation: Q2 FY27 operating PAT up 107%, revenue up 28%, company says it is debt-free

Q2 FY27 investor presentation: consolidated sales Rs 1,054 crores, up 28%; operating PAT Rs 299 crores, up 107%.

By ScoutQuest · Wed 21 Oct 2026, 6:20 PM IST · 3 min read

Consolidated Sales (Q2 FY27)

Rs 1,054 crores, up 28%

Operating PAT (Q2 FY27)

Rs 299 crores, up 107%

Export Debtor Remittances

about ₹142 Cr received from export debtors

Quarterly results (consolidated, as stated by the company)

• Sales Rs 1,054 crores in Q2 FY27 vs Rs 825 crores in Q2 FY26, an increase of 28%
• Gross profit Rs 325 crores vs Rs 193 crores, an increase of 68%
• Operating EBITDA Rs 310 crores vs Rs 178 crores, an increase of 74%
• Operating PBT Rs 295 crores vs Rs 136 crores, an increase of 116%
• Operating PAT Rs 299 crores vs Rs 144 crores, an increase of 107%

First half results (consolidated)

• Sales Rs 1,932 crores vs Rs 1,550 crores, an increase of 25%
• Gross profit Rs 585 crores vs Rs 337 crores, an increase of 74%
• Operating EBITDA Rs 551 crores vs Rs 305 crores, an increase of 81%
• Operating PBT Rs 518 crores vs Rs 217 crores, an increase of 139%
• Operating PAT Rs 512 crores vs Rs 224 crores, an increase of 129%

The operating figures above exclude other income, and the results are described as unaudited.

Debt-free status

The company says it has discharged the entire outstanding debt of its 14 consortium banks, ahead of the scheduled due dates under the settlement agreement dated September 30, 2024. It states that it now carries zero bank borrowings, and that all charges, securities, guarantees (personal as well as corporate) and undertakings provided by the company and by the personal and corporate guarantors stand fully released. Interest costs are expected to reduce significantly from the second half of FY27, which the company expects to have a positive impact on net profit.

Export receivables

The company received remittances of about ₹142 Cr from export debtors during the quarter, following negotiations and resolving of issues between the company and the export debtors. This is described as the start of realisation of long-pending receivables.

Growth plans set out in the presentation

• Retail expansion: a plan to roll out up to 100 large-format showrooms across Tier I, Tier II and Tier III cities over the next 12–18 months, as a mix of own and asset-light franchise stores. The company says it is confident of starting to establish new showrooms in this financial year itself.
• Micro-franchise network: MoUs already executed with NSDC under the Government of India and with the Government of Uttar Pradesh under the CM YUVA scheme, for onboarding of up to 2,00,000 and 1,000 franchisee partners respectively under the PC Jeweller brand, aimed at Tier 4 and below markets.
• New brand for GEN-Z customers: the company is working on and planning to launch a new jewellery brand focused on demi-fine / lightweight jewellery and lab-grown-diamond fine jewellery, a segment it says typically carries materially higher gross margins and is capital efficient.
• Gold mining: PCJ Mining SARL, a step-down subsidiary, holds a licence for semi-mechanized artisanal mining of gold in the Republic of Chad and commenced on-site development work during the quarter, as a step towards backward integration into gold sourcing.
• Festive readiness: showrooms are positioned to meet demand through the festive and wedding season, which falls largely in the second half of the year.

What to keep in mind

The presentation states that forward-looking statements involve risks and uncertainties, including fluctuations in gold and diamond prices, consumer demand, competition, changes in government policies and regulations, and general economic conditions in India and overseas. The showroom rollout, new brand and mining activities are described as plans or work in progress.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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