Published on: May 26, 2025
Category: Stock Market News | Earnings Updates
📌 Introduction
PC Jeweller Limited has delivered a stellar performance in Q4 FY25, surprising investors with a sharp financial turnaround. After a turbulent past, the company seems to be realigning its business, improving liquidity, and winning back investor confidence.
🔍 Key Financial Highlights – Q4 FY25 vs Q4 FY24
| Metric | Q4 FY25 | Q4 FY24 | YoY Growth |
|---|---|---|---|
| Revenue | ₹699 Cr | ₹48 Cr | 🔺 +1356% |
| Gross Profit | ₹171 Cr | ₹7 Cr | 🔺 +2343% |
| EBITDA | ₹144 Cr | ₹10 Cr | 🔺 +1340% |
| Profit Before Tax (PBT) | ₹95 Cr | -₹124 Cr | 💹 Turnaround |
📅 Full-Year Performance – FY25 vs FY24
| Metric | FY25 | FY24 | YoY Change |
|---|---|---|---|
| Revenue | ₹2,243 Cr | ₹189 Cr | 🔺 +1087% |
| Gross Profit | ₹471 Cr | -₹90 Cr | 📈 Turnaround |
| EBITDA | ₹517 Cr | -₹125 Cr | ✅ Positive Shift |
| PBT | ₹448 Cr | -₹649 Cr | 🟢 Strong Reversal |
✅ Key Business Developments
1. Retail Comeback
All revenue in FY25 and Q4 came from domestic retail sales, signaling improved footfall and consumer confidence in physical showrooms.
2. Debt Reduction Drive
- Executed a successful settlement with lenders in Sep 2024.
- Cleared 50% of bank dues.
- Targeting to become debt-free by FY26-end, improving financial health significantly.
3. Capital Raised & Retail Focus
- Raised ₹2,702 Cr via preferential warrants.
- 99.89% subscription success rate.
- Undertook a share split (₹10 to ₹1) to make shares more affordable for retail investors.
- Shareholder base increased by ~44% post-split.
4. No Misuse of Funds
- Confirmed no deviation in fund utilization.
- ₹251.18 Cr used as per plan; ₹18.90 Cr remains in the monitored account.
- Monitored by CARE Ratings for transparency.
5. Showroom Network
Despite closing 3 stores, the brand still operates 52 outlets across 38 cities in 13 Indian states.
⚠️ Challenges Addressed
- Compliance Issues Resolved
The company paid ₹11,800 in fines for delay in submitting voting results (SEBI Regulation 44(3)).
All gaps were addressed within timelines and reported to exchanges.
📈 Investor Outlook
With a turnaround in profitability, major debt reduction, and proactive retail expansion, PC Jeweller appears to be scripting a comeback. FY25 marks a recovery phase, and FY26 could see the company scaling back to its pre-crisis strength.
📣 Investor Takeaway: Watch this stock for further debt repayment milestones and retail demand sustainability.
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