PC Jeweller Ltd. reported a 28 percent increase in consolidated net profit for the quarter ending December, reaching ₹190.10 crore. This marks a significant rise from the ₹147.96 crore reported during the same period last year.
Strong Demand Drives Growth
The company’s growth is attributed primarily to strong consumer demand during the recent festive and wedding season, according to PC Jeweller Managing Director Balram Garg. Total income for the October-December period also increased, rising to ₹900.51 crore from ₹683.44 crore in the prior year’s corresponding quarter.
PC Jeweller is also making substantial progress in reducing its debt. Since a settlement agreement with banks was executed on September 30, 2024, the company has reduced its outstanding debt by approximately 68 percent.
Financial Performance Through Nine Months
Looking at the broader fiscal year, PC Jeweller’s net profit for the first nine months (April-December) increased to ₹561.57 crore, up from ₹482.92 crore in the previous year. Total income for the same period rose to ₹2,603.32 crore, compared to ₹1,671.77 crore the year before.
Balram Garg stated the company remains focused on strengthening its core operations and expanding its retail presence through both company-owned and franchise stores.
Frequently Asked Questions
What was PC Jeweller’s net profit for the quarter ended December?
PC Jeweller’s consolidated net profit for the quarter ended December was ₹190.10 crore.
By approximately how much has PC Jeweller reduced its outstanding debt?
Since September 30, 2024, PC Jeweller has reduced its outstanding debt by approximately 68 percent.
What drove the company’s performance in the October-December period?
The company’s performance was driven by continued consumer demand during the festive and wedding season.
How might evolving consumer preferences and economic conditions impact the jewellery market in the coming months?
