Business · India Bureau
PC Jeweller reports 28% revenue growth, achieves debt-free status
Jewellery retailer PC Jeweller has posted strong second-quarter performance, delivering 28 per cent revenue growth while eliminating outstanding debt obligations. The milestone was achieved following the collection of Rs 142 crore from export receivables during the quarter.
LSN India ·
PC Jeweller has turned debt-free in its latest quarterly update, marking a significant financial turnaround for the jewellery retailer. The company reported revenue growth of 28 per cent during the second quarter, supported by improved operational performance and strong collections.
A substantial portion of the company's progress during the quarter came from the realisation of export receivables. PC Jeweller collected approximately Rs 142 crore from outstanding export dues, which materially strengthened its balance sheet and enabled the company to retire all debt obligations.
The debt-free status represents a notable achievement for the retailer, which had faced financial pressures in prior periods. The combination of organic revenue growth and recovery of outstanding receivables has improved the company's financial position and liquidity.
PC Jeweller's second-quarter performance underscores a recovery trajectory in India's jewellery sector following challenging economic conditions. The company's ability to collect export receivables while maintaining revenue momentum suggests improving business fundamentals and market conditions for the jewellery retail segment.