PC Jeweller (PCJEWELLER)₹15.20−3.98%Gems, Jewellery And Watches
In the Sep 2026 quarter (consolidated), PC Jeweller reported sales of ₹1,058 Cr, up 27.7% from Sep 2025, and net profit of ₹332 Cr, up 57.4% year on year. For the year to Mar 2026, sales were ₹3,365 Cr and net profit ₹715 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 40.16 | 48.20 | 403 | 507 | 641 | 702 | 727 | 828 | 878 | 931 | 881 | 1,058 |
| Expenses | 113 | 50.03 | 350 | 419 | 527 | 554 | 598 | 648 | 674 | 763 | 635 | 745 |
| Operating Profit | −72.80 | −1.99 | 51.92 | 85.77 | 112 | 145 | 127 | 178 | 201 | 164 | 241 | 309 |
| OPM % | −181.9% | −3.3% | 13.0% | 17.1% | 18.0% | 21.1% | 18.1% | 22.0% | 23.0% | 18.0% | 28.0% | 29.0% |
| Other Income | 2.99 | 10.97 | 38.89 | 43.88 | 43.88 | 0.99 | 82.84 | 69.90 | 23.94 | 18.97 | 1.99 | 35.92 |
| Interest | 126 | 130 | 1.99 | 1.99 | 2.99 | 44.85 | 41.90 | 35.88 | 29.90 | 24.95 | 13.97 | 8.97 |
| Depreciation | 5.01 | 4.01 | 4.01 | 4.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 6.01 |
| Profit before tax | −201 | −124 | 85.10 | 123 | 148 | 96.17 | 164 | 206 | 190 | 154 | 226 | 332 |
| Tax % | −1.0% | −2.0% | −84.0% | −45.0% | 0.0% | 2.0% | 1.0% | −2.0% | 0.0% | 0.0% | 1.0% | 0.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −1.01 | 0.00 | 0.00 | 0.00 |
| Net Profit | −199 | −122 | 156 | 179 | 148 | 95.27 | 162 | 211 | 190 | 153 | 223 | 332 |
| EPS (Rs) | −0.42 | −0.25 | 0.33 | 0.37 | 0.24 | 0.14 | 0.24 | 0.28 | 0.25 | 0.17 | 0.22 | 0.33 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7,334 | 8,496 | 9,641 | 8,702 | 5,225 | 2,836 | 1,612 | 2,480 | 607 | 2,253 | 3,365 | 3,747 |
| Expenses | 6,548 | 7,696 | 8,622 | 8,377 | 4,751 | 2,410 | 1,696 | 2,216 | 774 | 1,847 | 2,681 | 2,818 |
| Operating Profit | 757 | 763 | 988 | 297 | 456 | 414 | −90.81 | 256 | −170 | 395 | 672 | 916 |
| OPM % | 10.1% | 9.0% | 10.1% | 3.4% | 9.1% | 15.0% | −6.0% | 10.0% | −28.0% | 18.1% | 20.0% | 24.4% |
| Other Income | 49.93 | 96.87 | 91.76 | 76.90 | 79.88 | 23.93 | 52.87 | 163 | 63.82 | 126 | 196 | 80.82 |
| Interest | 250 | 285 | 323 | 353 | 373 | 395 | 441 | 498 | 504 | 51.83 | 134 | 77.79 |
| Depreciation | 23.04 | 22.03 | 21.03 | 19.03 | 37.06 | 35.02 | 28.02 | 27.03 | 20.02 | 18.01 | 21.01 | 21.04 |
| Profit before tax | 535 | 555 | 739 | 2.01 | 125 | 8.02 | −509 | −108 | −633 | 454 | 715 | 902 |
| Tax % | 25.0% | 24.0% | 27.0% | 70.1% | 34.0% | −694.0% | −23.0% | 88.0% | 0.0% | −28.0% | 0.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 83.20 | 0.00 | 0.00 | 0.00 | 0.00 | −1.01 | −1.01 | −1.01 | −1.01 |
| Net Profit | 399 | 422 | 537 | 1.01 | 83.18 | 62.17 | −392 | −204 | −631 | 580 | 715 | 898 |
| EPS (Rs) | 1.10 | 1.17 | 1.35 | 0.00 | 0.20 | 0.12 | −0.83 | −0.43 | −1.34 | 0.90 | 0.82 | 0.97 |
| Dividend payout % | 15.0% | 4.0% | 4.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 180 | 180 | 179 | 395 | 396 | 396 | 467 | 467 | 467 | 467 | 638 | 868 |
| Reserves | 1,809 | 2,222 | 3,162 | 3,479 | 3,521 | 3,604 | 3,803 | 3,422 | 3,227 | 2,465 | 5,556 | 7,309 |
| Borrowings | 683 | 970 | 803 | 1,117 | 2,125 | 2,432 | 2,419 | 3,398 | 3,747 | 4,155 | 2,155 | 1,170 |
| Other Liabilities | 2,062 | 2,382 | 3,258 | 4,006 | 1,616 | 1,472 | 1,220 | 267 | 210 | 189 | 68.33 | 84.40 |
| Total Liabilities | 4,733 | 5,755 | 7,402 | 8,997 | 7,657 | 7,905 | 7,909 | 7,555 | 7,651 | 7,276 | 8,418 | 9,431 |
| Fixed Assets | 90.10 | 91.05 | 88.13 | 93.10 | 74.10 | 169 | 139 | 121 | 115 | 71.11 | 94.17 | 96.06 |
| CWIP | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 1.01 | 0.00 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 |
| Investments | 13.03 | 8.02 | 9.03 | 19.04 | 8.02 | 8.02 | 15.04 | 3.01 | 2.01 | 3.01 | 0.00 | 0.00 |
| Other Assets | 4,630 | 5,656 | 7,304 | 8,885 | 7,574 | 7,728 | 7,755 | 7,430 | 7,533 | 7,203 | 8,323 | 9,334 |
| Inventories | 3,215 | 3,852 | 4,171 | 5,238 | 4,992 | 5,393 | 5,925 | 5,644 | 5,770 | 5,610 | 6,622 | 7,184 |
| Trade receivables | 782 | 979 | 1,543 | 1,856 | 1,991 | 1,886 | 1,432 | 286 | 431 | 182 | 352 | 638 |
| Cash & equivalents | 284 | 342 | 1,193 | 1,558 | 322 | 240 | 178 | 60.09 | 41.99 | 5.01 | 64.05 | 136 |
| Total Assets | 4,733 | 5,755 | 7,402 | 8,997 | 7,657 | 7,905 | 7,909 | 7,555 | 7,651 | 7,276 | 8,418 | 9,431 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 332 | 15.95 | 791 | 357 | −1,924 | 75.74 | 90.72 | −717 | 99.73 | 63.85 | −631 | −76.71 |
| Cash from investing activity | 213 | −25.02 | −531 | −378 | 979 | 38.02 | 94.09 | 115 | 30.04 | 7.01 | 2.01 | 3.01 |
| Cash from financing activity | −565 | 15.99 | 46.93 | −3.99 | 651 | −170 | −156 | 570 | −111 | −108 | 688 | 147 |
| Net cash flow | −18.97 | 6.99 | 311 | −23.95 | −301 | −56.88 | 29.91 | −33.90 | 18.96 | −36.91 | 56.88 | 71.86 |
| Capex | 28.89 | 3.70 | 19.18 | 29.75 | 9.69 | 2.10 | 0.68 | 3.70 | 2.93 | 0.12 | 0.56 | 3.33 |
| Free cash flow | 303 | 12.97 | 773 | 328 | −1,937 | 73.82 | 90.91 | −722 | 96.87 | 65.89 | −632 | −76.85 |
| CFO / OP % | 63.0% | 20.9% | 128.0% | 49.9% | −641.1% | 17.9% | 18.0% | 811.9% | 35.9% | −38.1% | −168.1% | −12.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 45 | 49 | 66 | 70 | 84 | 132 | 185 | 65 | 63 | 110 | 57 | 69 |
| Inventory days | 219 | 225 | 206 | 232 | 227 | 434 | 954 | 1,465 | 1,012 | 3,044 | 1,373 | 1,015 |
| Days payable | 122 | 125 | 146 | 159 | 56 | 86 | 149 | 3 | 2 | 6 | 2 | 1 |
| Cash conversion cycle | 141 | 148 | 126 | 143 | 254 | 480 | 989 | 1,527 | 1,073 | 3,148 | 1,429 | 1,083 |
| Working capital days | 87 | 98 | 87 | 82 | 146 | 255 | 508 | 554 | 355 | 954 | 796 | 755 |
| ROCE % | 28.0% | 26.0% | 22.0% | 23.0% | 7.0% | 8.0% | 6.0% | −1.0% | 5.0% | −2.0% | 7.0% | 10.0% |
For the Sep 2026 quarter, PC Jeweller reported sales of ₹1,058 Cr, up 27.7% year on year and net profit of ₹332 Cr, up 57.4% year on year. The operating margin was 29.0%.
PC Jeweller's sales for the year to Mar 2026 were ₹3,365 Cr; over the last twelve months they were ₹3,747 Cr.
Net profit for the year to Mar 2026 was ₹715 Cr, and ₹898 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.97.
PC Jeweller reported borrowings of ₹1,170 Cr at Mar 2026, against cash and equivalents of ₹136 Cr.
Cash from operations was −₹76.71 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹76.85 Cr.