PC Jeweller shares soar 9% after Q2 net profit rises 58% YoY; plans 100 new stores in 18 months

What happened: PC Jeweller reported a 58% year-on-year rise in Q2 net profit and said it plans 100 new stores in 18 months, including a separate franchise model for metros and Tier II and Tier III cities. Key numbers: Revenue up 28% to Rs 1,054.47 crore from Rs 825.25 crore. EBITDA up 74.1% to Rs 309 crore from Rs 178 crore. EBITDA margin 29.3% from 21.5%. Why it matters: The company said it became debt-free in the quarter after repaying all 14 consortium banks ahead of schedule, and expects lower interest costs from H2 FY27 to positively impact net profit.

PC Jeweller reported a 58% year-on-year rise in Q2 net profit and said it plans 100 new stores in 18 months, including a separate franchise model for metros and Tier II and Tier III cities.

The company said it became debt-free in the quarter after repaying all 14 consortium banks ahead of schedule, and expects lower interest costs from H2 FY27 to positively impact net profit.