Shares of PC Jeweller extended their upward momentum for the third consecutive trading session on Friday, October 9, driven by substantial progress in debt resolution and robust operational updates. The jewellery maker recently confirmed the complete release of all its encumbered assets after settling outstanding dues with a consortium comprising 14 public sector lenders. The positive turnaround in the company's financial structure has spurred renewed buying interest among market participants.
Stock Touches Intraday Peak, Year-to-Date Gains Cross 53%
On the National Stock Exchange, PC Jeweller traded at Rs 14.68 at 11:46 AM IST, marking an increase of Rs 0.78 or 5.61%. The counter had commenced trading for the day at Rs 14.21 before climbing to an intraday high of Rs 14.93, with the intraday low recorded at Rs 13.96. The stock has witnessed a notable turnaround in 2026, advancing more than 53% from roughly Rs 9.55 recorded at the beginning of the year.
Consortium of 14 Public Sector Banks Releases Securities
In a regulatory filing with the stock exchanges, PC Jeweller stated that it had secured formal No Objection cum No Dues cum Release Letters from all 14 banks within the lender consortium. Following the full discharge of outstanding liabilities, every mortgaged property and asset belonging to the firm, alongside those pledged by personal and corporate guarantors, has been unencumbered. The original title deeds have also been handed back to their respective owners.
Resolution of Longstanding Corporate Liabilities
The company confirmed that all charges, hypothecations, undertakings, and corporate as well as personal guarantees provided to the lending consortium now stand fully discharged. This clean debt settlement represents a crucial milestone in resolving legacy financial distress that had constrained PC Jeweller's business operations for several years, providing substantial balance-sheet relief.
Robust Revenue Expansion and Export Debt Recovery in Q2
Operational updates for the September 2026 quarter reflected strengthening business fundamentals. PC Jeweller reported approximately 28% year-on-year growth in consolidated revenue for the quarter, bolstered by steady consumer demand. Additionally, the jeweller recovered Rs 142 crore in overseas remittances from pending export debtors during the second quarter of financial year 2027, further improving operational liquidity.
