- Business
- PC Jeweller Limited, founded in 2005 and headquartered in New Delhi, India, operates as a leading organized retailer, manufacturer, wholesaler, exporter, and retailer of jewellery in India with approximately 80 showrooms across 38 cities in 13 states and union territories; the company offers a comprehensive portfolio of 100% hallmarked gold jewellery, certified diamond jewellery, platinum pieces, gemstone jewellery, silver articles, and specialized collections including rings, earrings, pendants, mangalsutras, chains, necklaces, bangles, bracelets, nose pins, bridal wear, wedding jewellery, daily wear, office wear, men's jewellery, and kids' jewellery, sold through standalone high-street stores, an online portal at www.pcjeweller.com, and www.wearyourshine.com targeting wedding, festival, and routine consumers. In recent developments, PC Jeweller executed a settlement agreement in September 2024 with a consortium of 14 banks led by State Bank of India to resolve nearly Rs 4,100 crore in outstanding loans as of March 2024, enabling a consolidated net profit of Rs 577.70 crore in fiscal 2024-25 following a prior-year loss and supporting revenue growth to Rs 2,371.87 crore; the board approved raising up to Rs 500 crore via preferential equity allotment from promoters and Capital Ventures Pvt Ltd in July 2025 to prepay debt, with Rs 3.69 billion received from Capital Ventures in September 2025 and allotment of 17.56 lakh new equity shares to Hawk Capital Pvt Ltd upon warrant conversion in November 2025 boosting paid-up capital to Rs 732.85 crore; the company reported 80% revenue growth in Q1 fiscal 2026, a 17% Q2 profit rise to Rs 210 crore with 63% revenue surge, plans further retail expansion including a new franchise showroom in Delhi on September 22, 2025, and targets debt-free status by March 2026 to fuel operational momentum and market share gains.