PC Jeweller Achieves Debt-Free Status After Settling Rs 3,000 Crore

PC Jeweller Ltd achieved debt-free status after settling approximately Rs 3,000 crore in outstanding dues with a consortium of 14 banks. The company completed the repayments ahead of the scheduled due dates established in a one-time settlement agreement dated September 30, 2024.

The settlement was executed through a combination of cash and equity payments, alongside the release of securities and mortgaged properties. In regulatory filings, the company stated that the accomplishment will materially strengthen its balance sheet and financial position.

This financial milestone follows a strong first quarter for the current fiscal year, during which the firm reported a 37 percent increase in consolidated net profit to Rs 221.88 crore and total income of Rs 879.27 crore. Following the announcement, the company's stock trended toward its 52-week high of Rs 14.87. The stock has gained 64 percent over the last three months and 52 percent throughout 2026, bringing the firm's market capitalization to Rs 13,754 crore as of Friday.