PC Jeweller Shares Jump Over 13% on BSE, Company Aims to Become Debt-Free by Year-End

Shares of jewellery stock PC Jeweller witnessed a sharp rally on Wednesday, climbing over 13% on the Bombay Stock Exchange (BSE) to reach ₹15.38. The company’s consistent efforts to reduce debt have boosted investor confidence in recent sessions.

According to company officials, PC Jeweller has set a target to become completely debt-free by the end of the current financial year. In the past few months, the jeweller has reduced its outstanding loans by nearly 19%.

Balram Garg, Managing Director of PC Jeweller, recently said that the company had repaid bank loans worth ₹335 crore during the April–July period of FY2025-26. As a result, the total debt has fallen from ₹1,780 crore at the beginning of the financial year to around ₹1,445 crore by the end of July.

The company has been using internal accruals as well as funds raised from promoters and investors to accelerate loan repayments. Garg expressed confidence that by the close of the current fiscal, PC Jeweller will be entirely debt-free.

PC Jeweller’s stock has shown strong momentum in recent weeks. Its 52-week high stands at ₹19.65, while the 52-week low is ₹10.21.