PC Jeweller Ltd on Friday (April 17) said it has reduced its outstanding bank debt by around 10% in line with its joint settlement agreement with consortium lenders, as part of its ongoing debt reduction plan.
The company said that with the latest reduction, it has now repaid and discharged more than 90% of its outstanding bank debt since the execution of the settlement agreement.
PC Jeweller said the progress is in line with its objective of achieving a debt-free status, adding that it is moving towards completing its financial restructuring exercise. The company said it remains committed to achieving a debt-free position in the near term.
Also Read: PC Jeweller Q2 Results: Profit rises 17% YoY, revenue surges 63%
Last week, PC Jeweller Ltd reported a 32% year-on-year rise in standalone revenue for the March quarter.
For FY26, the company said revenue grew around 49% year-on-year, supported by steady performance across quarters. During the quarter, it reduced outstanding bank debt by approximately 23% under a joint settlement framework, with a large portion of dues already repaid.
The company also signed a memorandum of understanding with the National Skill Development Corporation to develop up to 2,00,000 micro-entrepreneurs over five years in the gems and jewellery segment, aimed at expanding its retail footprint.
Also Read: PC Jeweller Q3 Results: Profit rises 31% on festive demand, sharp margin expansion
Separately, a subsidiary incorporated PCJ Mining SARL in Chad to explore opportunities in precious metal mining, indicating early steps towards backward integration.
Shares of PC Jeweller Ltd ended at ₹9.58, up by ₹0.050, or 0.52%, on the BSE today, April 17.
(Edited by : Shoma Bhattacharjee)
First Published: Apr 17, 2026 5:40 PM IST
