Well-known Mid-cap jewellery retailer stock hit a 5% upper circuit after reporting their Q3 results with impressive growth in their revenue and a turnaround from loss to profit on a YoY basis.
Share Price Movement
With a market capitalization of ₹8,484 Crore, the stock of PC Jeweller Limited opened at ₹15.71, at 5% Upper circuit from yesterday’s closing price of 14.97. Additionally, the 1 month’s return for the stock is 8%, and the past year’s return is an impressive 198%.
Q3FY25 Results
The company reported a 1496 % YoY increase in revenue from ₹40.06 Crore in Q3FY24 to ₹639.45 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 26.63 % in revenue from ₹504.97 Crore in the previous quarter.
The company reported a profit of ₹147.96 Crore in Q3FY25 compared to a loss of ₹197.98 Cr in Q3FY24 last year. On a QoQ basis, also the company reported a profit of ₹178.88 Crore in the last quarter, which is an increase of 11%.
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Operational Highlights
The company reported other income of ₹43.99 Crore in Q3 results which includes the unrealised foreign exchange gain of ₹38.09 Crore
In the Q3 quarter company witnessed strong jewellery demand owing to the festive and wedding season, its EBITDA saw a turnaround from a loss of ₹69 Crores in Q3FY24 to a profit of ₹154 Crore in Q3FY25.
The company had again started focusing on business development, increasing its brand presence and had started its marketing initiatives for the same, which has had a visible impact on the company’s performance in Q1 and Q2FY25 and has continued in Q3FY25 as well.
About the Company
PC Jeweller is a leading Indian jewellery retailer specializing in gold, diamond, and gemstone jewellery. Established in 2005, the company offers a wide range of designs, including bridal, contemporary, and everyday jewellery. With multiple showrooms across India and a strong online presence, PC Jeweller is known for its quality craftsmanship, BIS-hallmarked gold, and IGI-certified diamonds.
Written By Abhishek Das
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