This company expands retail presence, shares to be in focus – Check details here

For further reduction of bank loans, the company's board last month approved a proposal to raise Rs 500 crore equity from promoters and Capital Ventures Pvt Ltd.

Share Market News: Delhi-based PC Jeweller shares will be in focus as the company has informed exchanges that it is expanding its retail presence with a new franchise showroom in the national capital. The company has 52 showrooms, of which 49 are company-owned, across major cities of the country. The new franchise is part of the company’s strategy to enhance its market position.

The company has also informed exchanges that the board of directors of the company have allotted 13,61,24,000 equity shares with a face value of Re 1 each.

Earlier, the company said that it has reduced its net debt by 19 per cent in the last four months to Rs 1,445 crore on higher sales and will become debt-free by the end of this fiscal, the company’s MD Balram Garg said.

“We have repaid bank loans worth Rs 335 crore during April-July period of this fiscal,” Garg said.

For further reduction of bank loans, the company’s board last month approved a proposal to raise Rs 500 crore equity from promoters and Capital Ventures Pvt Ltd.

Besides this proposed Rs 500 crore, PC Jeweller will receive Rs 1,300 crore from promoters and investors on conversion of warrants into equity shares. These Rs 1800 crore funds will help company in clearing all its outstanding debt.

Last week, PC Jeweller reported a sharp jump in its total income to Rs 807.88 crore during the April-June period of 2025-26 fiscal from Rs 439.
78 crore in the corresponding period of the preceding year.

The company reported a 4 per cent increase in its consolidated net profit to Rs 161.93 crore for the quarter ended June from Rs 156.06 crore in the year-ago period because of the high base effect.

With PTI inputs