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PC Jeweller Shares Surge 10% On Strong Q4, 61% Y-on-Y Increase In Consolidated Net Profit

Debt Reduction, Expansion Plans Lift Sentiment, Betting On An Asset-Light Franchise Strategy To Rebuild Market Presence.

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Shares of jewellery retailer PC Jeweller climbed 10% on Friday after the company posted stronger fourth-quarter earnings, fueled by rising income, improving profitability and a sharply reduced debt burden, rekindling investor optimism around its turnaround story.

The stock gained after the company reported a 61% year-on-year increase in consolidated net profit for the quarter ended March 31, reaching Rs. 152.89 crore, compared with Rs. 94.78 crore a year earlier. Total income rose to Rs. 946.26 crore from Rs. 700.10 crore, according to a regulatory filing.

For the full fiscal year ended March 2026, the company reported net profit of Rs. 714.46 crore, up from Rs. 577.70 crore in the previous year, while annual income surged to Rs. 3,549.58 crore from Rs. 2,371.87 crore, reflecting stronger operational momentum amid recovering consumer demand.

The earnings rebound comes as PC Jeweller continues to repair its balance sheet after years of financial strain. Managing Director Balram Garg said FY26 marked a “critical year of recovery,” driven by disciplined execution and sustained customer traction.

Since implementing its settlement agreement with lenders, the company has reduced outstanding debt by more than 90%, Garg said, adding that management remains focused on becoming debt-free.

That effort is increasingly central to the company’s growth narrative. Once debt obligations are fully resolved, PC Jeweller plans to shift into expansion mode, betting on an asset-light franchise strategy to rebuild market presence.

The company said it has received encouraging interest from prospective partners for large-format franchise outlets and aims to open as many as 100 franchise showrooms over the next 12 to 18 months.

For investors, the sharp rally raises a familiar question: Is the recent momentum a reflection of improving fundamentals—or an early wager on a broader turnaround still in progress?

The answer may hinge on whether PC Jeweller can sustain earnings growth while successfully executing its ambitious expansion plans without reigniting balance-sheet risks.

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Abaran Timeless Jewellery Champions Heritage Conservation To Safeguard Traditional Craftsmanship

Support For Hastashilpa Heritage Village Reflects A Commitment To Preserving India’s Architectural and Artisanal Legacy For Future Generations.

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As India’s historic buildings continue to face mounting pressure from urbanisation, redevelopment, and changing lifestyles, concerns are growing not only about the loss of architectural landmarks but also the disappearance of the traditional skills and craftsmanship that created them. Recognising this challenge, Abaran Timeless Jewellery has extended its support to Hastashilpa Heritage Village, reinforcing the importance of preserving cultural heritage and artisanal knowledge.

Through the Abaran Foundation, the philanthropic arm of the Bengaluru-based jewellery house, the company supports a range of initiatives spanning education, healthcare, community welfare, arts, and heritage conservation. Its association with Hastashilpa Heritage Village reflects a deeper commitment to protecting India’s rich cultural legacy beyond the jewellery industry.

Located in Manipal, Hastashilpa Heritage Village is regarded as one of India’s most significant heritage conservation projects. Founded by conservationist Vijaynath Shenoy, the village has successfully rescued and reconstructed traditional homes from across coastal Karnataka, preserving architectural styles and craftsmanship that may otherwise have been lost to neglect or redevelopment.

The conservation process shares many similarities with the art of jewellery making. Every carved beam, decorative element, and handcrafted detail requires meticulous documentation, restoration, and respect for traditional techniques. Much like restoring an heirloom jewel, preserving heritage architecture demands both technical expertise and cultural sensitivity.

For Pratap Kamath, Managing Director of Abaran Timeless Jewellery, the initiative holds personal significance. He noted that the heritage village is located in Udupi, where Abaran was originally founded by his grandfather, Sri Sadanand Kamath. According to Pratap Kamath, the company was inspired by the efforts to preserve heritage homes that might otherwise have vanished as younger generations moved away in search of new opportunities.

His observations reflect a wider concern within the luxury and craft sectors. Whether restoring a centuries-old structure or creating a handcrafted jewel, both disciplines depend on knowledge and expertise that cannot be easily replicated through mass production. Once lost, such skills are extremely difficult to recover.

At the same time, consumers are increasingly drawn to brands that demonstrate authenticity, cultural relevance, and a commitment to preserving heritage. As a result, heritage conservation is evolving from a philanthropic activity into an important reflection of a brand’s values and identity.

Initiatives such as Hastashilpa Heritage Village serve as an important reminder that heritage extends beyond products—it also includes the ecosystems of craft, culture, knowledge, and tradition that make those creations possible.

As India’s architectural treasures and jewellery traditions navigate similar challenges, efforts to preserve one may ultimately help protect the other, ensuring that valuable skills and cultural legacies continue to inspire future generations.

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