PC Jeweller Share Price Surges 17% After Robust Q1 Revenue Growth

Market Performance

PC Jeweller's share price witnessed a sharp rally on Friday, climbing as much as 17% intraday.

• The stock opened with a 2.35% gain on the NSE.
• It later surged to an intraday high of ₹16.37, representing a 16.76% increase.
• As of 1 PM, the stock was trading at ₹16.01, marking a 14.19% gain.

The stock has recorded gains for four consecutive sessions, rising nearly 30% over the past four trading days.

Main News

The surge in PC Jeweller's share price follows the company's strong performance in the first quarter of FY25.

In its recent business update filed with the exchanges, the company reported a 79% increase in standalone revenue during the April–June quarter, compared to the same period last year.

Despite volatility in gold prices, the company successfully attracted high demand, primarily driven by purchases made during the wedding and festive seasons.

Company Details

PC Jeweller, headquartered in Delhi, operates 52 showrooms across India, out of which 49 are company-owned.

The company is undergoing a business transformation, revamping various aspects of its operations. It continues to focus on operational improvements, aiming for long-term growth and financial stability.

Financial Highlights

Revenue

• Q1 FY25 revenue saw an approximate 80% year-on-year increase.
• Growth is attributed to strong consumer demand, especially in the wedding and festival segments.

Debt Reduction

• In FY24-25, the company reduced its outstanding debt by over 50%.
• During Q1 FY25 alone, debt was further reduced by approximately 7.5%.
• PC Jeweller plans to become debt-free by the end of the fiscal year 2026.

Summary of the Article

The PC Jeweller share price gained strong momentum after the company posted a solid performance in Q1 FY25. Driven by robust consumer demand and significant debt reduction, the company is positioning itself for a financial turnaround. With an 80% revenue jump and aggressive debt-cutting measures, the stock attracted investor attention, resulting in a 17% intraday rise.