Jewellery retailer PC Jeweller has reported a strong financial turnaround, posting a consolidated net profit of ₹94.78 crore for the fourth quarter of FY25, marking a sharp recovery from a loss of ₹121.64 crore in the same period last year. The rebound was fueled by a significant surge in sales, with total income jumping to ₹699.02 crore, compared to just ₹48.49 crore year-on-year.

For the full fiscal year 2025, the company delivered a consolidated net profit of ₹577.70 crore, reversing a net loss of ₹629.36 crore recorded in FY24, according to the Press Trust of India. PC Jeweller described FY25 as a “turnaround year,” attributing the success to strong fundraising efforts and improved financial performance.

As per a regulatory filing, the company raised ₹2,702.11 crore through a preferential issue of fully convertible warrants, achieving a 99.89% subscription rate. In addition, PC Jeweller executed a Settlement Agreement with its consortium of banks, fulfilling all related financial obligations on time.

The company also made significant progress in deleveraging, cutting its outstanding bank debts by approximately 50% during the year. It expressed confidence in becoming debt-free by the end of FY26. As of March 31, 2025, PC Jeweller operated 49 company-owned stores and three franchise outlets across the country.