PC Jeweller shares climbed over 8.5 per cent in early trade on Thursday, hitting a fresh 52-week high after the Delhi-based jewellery company posted a consolidated net profit of Rs 330.66 crore for the second quarter of the current fiscal year (Q2 FY27), a jump of 58 per cent from Rs 209.54 crore in the same quarter a year ago.
The jewellery stock started the session on a high note at Rs 19.99, up nearly 8 per cent from the last closing of Rs 18.51 on NSE after the company announced strong earnings for Q2. The momentum escalated further as the stock reached an intraday and fresh 52-week high at Rs 20.10, up 8.5 per cent from the last closing.
However, the jewellery stock erased all early gains amid profit booking and a bearish trend in the domestic stock market. Last seen, the PC Jeweller shares were trading at Rs 17.89, down 3.35 per cent or Rs 0.62.
Q2 Earnings Report
PC Jeweller consolidated profit for the July-September quarter this fiscal year stood at Rs 330.66 crore, reflecting a significant surge of 58 per cent from Rs 209.54 crore in the corresponding quarter a year ago.
Meanwhile, the Delhi-based jewellery company posted revenue of Rs 1,054.47 crore for the quarter under review, up 28 per cent from Rs 825.25 crore a year ago.
Meanwhile, according to an exchange filing, the company's expenses for the July-September period remained higher at Rs 759.42 crore as compared to Rs 688.85 crore in the same quarter a year ago.
Company To Open 100 Stores
Alongside the Q2 earnings report, the company shared that it is planning to come up with 100 large-format showrooms across Tier I, Tier II and Tier III cities across the country over the next 12-18 months. These shops will be a mix of company-owned and asset-light franchise models.
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Share Price History
According to NSE data till 12:40 PM on Thursday. The PC Jeweller shares performance history is as follows:
- Last five days: 23 per cent
- Last 30 days: 31 per cent
- This year to date: 91 per cent
- In a year: 46 per cent
- Last three years: 457 per cent
- Last 5 years: 530 per cent
Key Reasons Behind Rally In PC Jeweller Shares
1- The company posted strong earnings for Q2. Earlier, last month, the Delhi-based company announced that it repaid outstanding loans of all 14 consortium banks, achieving a debt-free status.
2- Recently, an investment from Cupid Chairman and MD Aditya Kumar Halwasiya brought the stock into focus. In a recent exchange filing, the company informed that he purchased 51 million equity shares of PC Jeweller Limited at a price of Rs 14.43 per share, spending a value of approximately Rs 73.59 crore. The purchase was made on October 15, 2026.
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3- PC Jeweller's stock was under the short-term Additional Surveillance Measure (ASM) framework on both the BSE and NSE. Now, the stock has been removed from ASM Stage 1.
Exchanges place stocks under the short-term and long-term ASM framework to alert investors about potential risks associated with significant stock price fluctuations.