PC Jeweller LimitedQ2 FY27 Results & Financial Update

PC Jeweller Limited: Q2 FY27 consolidated results and company financials – revenue ₹1,054.47 Cr, PAT ₹330.66 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: PCJEWELLERPublished 22 Oct 2026Updated 22 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹1,054.47 CrReported Q2 FY27
Profit after tax₹330.66 CrReported Q2 FY27
EPS₹0.34Reported Q2 FY27

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Quarterly Results AnalysisExplore PC Jeweller Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

PC Jeweller Limited reported consolidated revenue from operations of INR 1054.47 crore for the quarter ended September 30, 2026.

02

Total income for Q2 FY27 stood at INR 1090.03 crore, bolstered by INR 35.56 crore of other income.

03

The company registered a profit before tax (PBT) of INR 330.61 crore and a net profit (PAT) of INR 330.66 crore for the quarter.

05

Finance costs were contained at INR 8.73 crore during the quarter, while depreciation and amortisation expenses stood at INR 5.84 crore.

06

Tax expense for the period was a negative INR 0.05 crore, reflecting net tax credits or adjustments.

07

Provisions of INR 2.73 crore were recorded during the quarter under review.

08

PC Jeweller Limited released its consolidated financial results for the quarter ended September 30, 2026 (Q2 FY27), reporting revenue from operations of INR 1054.47 crore.

01 · Business model

What does PC Jeweller do?

PC Jeweller Limited is a prominent Indian jewellery retailer engaged in the manufacturing, retail, and wholesale of a wide range of gold, diamond, and precious stone jewellery items.

The company distributes its products through an extensive network of company-owned and franchise-operated retail stores across multiple states in India, serving retail customers alongside wholesale operations.

Its commercial model relies on capturing discretionary consumer demand for wedding, festive, and everyday-wear ornaments, maintaining robust inventory selection, and managing working capital lines.

Revenue generation is anchored by retail sales of precious metal items, alongside contributions from allied financial and operating streams reflected in total income.

02 · Financial snapshot

Current-quarter financial snapshot

MetricQ2 FY27
Revenue from operations₹1,054.47 Cr
Total income₹1,090.03 Cr
Profit before tax₹330.61 Cr
Profit after tax₹330.66 Cr
EPS₹0.34

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 31.4% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 31.4% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹35.56 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Operating Revenue

The company recorded consolidated revenue from operations of INR 1054.47 crore for Q2 FY27.

Total Income Inflows

Total income reached INR 1090.03 crore, incorporating INR 35.56 crore in other income alongside core operating revenue.

Total Income Inflows

Total income reached INR 1090.03 crore, incorporating INR 35.56 crore of other income and INR 3.21 crore of interest income.

What drove margins

Profitability Ratios

The consolidated profit after tax margin for the quarter stood at approximately 31.36% relative to revenue from operations.

Financing and Depreciation Pressures

Finance costs of INR 8.73 crore and depreciation of INR 5.84 crore formed manageable charges against operating performance during the period.

Net Profit Margin

The company achieved a PAT margin of 31.36% for Q2 FY27, calculated from reported revenue of INR 1054.47 crore and PAT of INR 330.66 crore.

Financing and Depreciation Overhead

Finance costs were maintained at INR 8.73 crore and depreciation stood at INR 5.84 crore, limiting the erosion of operating earnings.

04 · Reported developments

What changed operationally

Positive Net Profit

The company posted a consolidated net profit of INR 330.66 crore for the quarter.

Profitable Operations

The company recorded a consolidated PAT of INR 330.66 crore on revenues of INR 1054.47 crore for Q2 FY27.

05 · Items worth noticing

The line items that can distort a quick read

Provisions and Tax Adjustments

The quarter's results include provisions of INR 2.73 crore and a minor tax credit of INR 0.05 crore.

Provisions and Tax

The quarter included provisions amounting to INR 2.73 crore and a net tax credit/adjustment of INR -0.05 crore.

06 · Beyond the numbers

What changed beyond the numbers

Reported update

Statutory Filing Disclosure

Financial results for Q2 FY27 were filed officially through structured exchange reporting formats without secondary restatements.

Reported update

Filing Compliance

The financial results for Q2 FY27 have been prepared and disclosed in accordance with structured official exchange filing standards.

07 · Key Q&A

The quarter, answered directly

What does PC Jeweller do?

PC Jeweller Limited is a prominent Indian jewellery retailer engaged in the manufacturing, retail, and wholesale of a wide range of gold, diamond, and precious stone jewellery items.

What is the clearest takeaway from Q2 FY27?

PC Jeweller Limited reported consolidated revenue from operations of INR 1054.47 crore for the quarter ended September 30, 2026.

What drove revenue or demand?

The company recorded consolidated revenue from operations of INR 1054.47 crore for Q2 FY27.

What mattered most for margins or profitability?

The consolidated profit after tax margin for the quarter stood at approximately 31.36% relative to revenue from operations.

What changed operationally beyond the headline numbers?

Financial results for Q2 FY27 were filed officially through structured exchange reporting formats without secondary restatements.

What should the next disclosure help confirm?

Monitor upcoming quarterly financial disclosures to track revenue sustainability and margin trends across subsequent periods.

08 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

09 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Subsequent Quarter Filings: Monitor upcoming quarterly financial disclosures to track revenue sustainability and margin trends across subsequent periods.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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