PC Jeweller Ltd. · NSE:PCJEWELLER
PC Jeweller — Q2 FY2027 Earnings Presentation
38 slides from PC Jeweller's earnings presentation, Oct 21, 2026
Slide 1: Cover letter to stock exchanges
Date: 21/10/2026 To, To, The Listing Compliance Department, The Listing Compliance Department, BSE Limited, National Stock Exchange of India Limited, P J Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400001 Bandra (East), Mumbai - 400051 Scrip Code: 534809 Symbol: PCJEWELLER S
Slide 2: PC Jeweller Q2 FY27 Net Operating PAT Rises 107%, Revenue Up 28%
Highlights PC Jeweller Q2 FY27 Net Operating PAT Rises 107%, Revenue Up 28% Turns Debt-Free; Commencement of Realisation of Outstanding Export Receivables; Retail Expansion Plans Under Way; New Brand for GEN-Z customers; Vertical Integration through Mining activities PC Jeweller Limited, one of Indi
Slide 3: Other Key Highlights: Retail Expansion, New Brand, Mining
Plan to rollout up to 100 large-format showrooms across Tier I, Tier II and Tier III cities over the next 12–18 months, as a mix of own as well as asset-light franchise model. The Retail expansion company is confident that it will start establishing new showrooms in this financial year itself. Alrea
Slide 4: PC Jeweller Limited Q2FY27
PC Jeweller Limited Investor Presentation Q2FY27 BSE : 534809 | NSE : PCJEWELLER 1
Slide 5: Safe Harbour
Safe Harbour This Presentation and the accompanying slides (the “presentation”), have been prepared by PC Jeweller Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form th
Slide 6: Table of Contents
Table of Contents Q2FY27 Performance Highlights Business Overview & Competitive Strengths A Glimpse of PC Jeweller’s Jewellery themes & Showrooms Industry Overview Way Forward 3 3
Slide 7: Q2FY27 Performance Highlights
Q2FY27 Performance Highlights
Slide 8: Management Commentary on Q2FY27 Performance
Management Commentary on Q2FY27 Performance “Backed with healthy consumer demand, the Company’s strong performance continues in Q2FY27 as well. During Q2FY27, the Company delivered a Consolidated Revenue growth of 28% YOY, Consolidated Operating EBITDA growth of 74% and Consolidated Operating PBT gr
Slide 9: Management Commentary on Q2FY27 Performance (con't)
Management Commentary on Q2FY27 Performance (con’t) With the banking issues resolved, the company is now focussed on strategic expansion. The company has already announced its plans to establish upto 100 new showrooms as a mix of own as well as franchisee stores in the next 12-18 months. The company
Slide 10: Management Commentary on Q2FY27 Performance (con't)
Management Commentary on Q2FY27 Performance (con’t) Additionally, PCJ Mining SARL, a step-down subsidiary of the Company, which has been granted license for semi-mechanized artisanal mining of gold by the Ministry of Petroleum, Mining and Oil Geology, Republic of Chad, has commenced on-site developm
Slide 11: Business Highlights – Q2FY27
Business Highlights – Q2FY27 • The Company continues to deliver strong financial and operational performance during the quarter. The Consolidated revenues grew by 28% year-on-year to Rs 1,054 crores in Q2FY27, as compared to Rs 825 crores in Q2FY26. Also, in H1FY27, the Consolidated revenues grew by
Slide 12: Business Highlights – Q2FY27
Business Highlights – Q2FY27 • The Company achieved a significant milestone in its deleveraging journey during the quarter when it fully repaid and discharged the outstanding debt of all the consortium banks and became Debt-Free. The company has received No Objection cum No Dues cum Release Letter f
Slide 13: Financial Snapshot – Q2 & H1FY27
Financial Snapshot – Q2 & H1FY27 Q2FY27 H1FY27 Revenue Rs. 1,054 Cr. 28% YoY Rs. 1,932 Cr. 25% YoY Gross Margin Rs. 325 Cr. 68% YoY Rs. 585 Cr. 74% YoY Operating EBITDA* Rs. 310 Cr. 74% YoY Rs. 551 Cr. 81% YoY Operating PBT* Rs. 295 Cr. 116% YoY Rs. 518 Cr. 139% YoY *excludes other income Consolidat
Slide 14: Consistently Delivering Strong Performance
Consistently Delivering Strong Performance Figures in Rs. Cr. Revenue Operating EBITDA* 1,054 825 310 505 178 86 Q2FY25 Q2FY26 Q2FY27 Q2FY25 Q2FY26 Q2FY27 Operating PBT* 295 136 80 Q2FY25 Q2FY26 Q2FY27 Consolidated Financials *excludes other income 11
Slide 15: Business Overview & Competitive Strengths
Business Overview & Competitive Strengths
Slide 16: PC Jeweller: At a Glance
PC Jeweller : At a Glance Experienced Diversified Extensive Market Leading Brand Positioned among Leadership Product Range Reach with a Strong Top Studded Team for All Segments Legacy Jewellery brands in India Established in 2005 - Leading Studded Leadership Team with Wide range of Wide network of a
Slide 17: Comprehensive Business Model Catering to All Customer Segments
Comprehensive Business Model Catering to All Customer Segments Offering a range of gold, diamond, silver, and gemstone jewellery like bangles, rings, bracelets, necklaces, etc.; designed to meet the varying needs of customers, catering to bridal, occasional, and everyday wear. Product Range Product
Slide 18: Integrated Business Model
Integrated Business Model Design Procurement Quality Control Inventory Management • In-house team of skilled designers • Established supplier ecosystem • Multi-stage quality checks from • Centralized inventory monitoring creating trend-led, contemporary, reduce dependence on raw material sourcing to
Slide 19: Omni-Channel Presence Driving Market Reach
Omni-Channel Presence Driving Market Reach Omni Channel Approach Franchisee Model Mass Market Online Platform Franchise Model High Street (Govt. schemes) Showrooms Showrooms Rich, upper middle class, Young, urban, working Target Audience Middle & lower middle class Tier 2 & 3 city customers wedding
Slide 20: Customer-Centric Retail Strategy Across Demographics
Customer-Centric Retail Strategy Across Demographics Customers Metro Tier I Tier II Tier III Tier IV & Others Exclusive Lounges Started this concept in select showrooms Ultra Rich years back. Focused on high end designer pieces High Street Showroom Rich and Upper Middle Own showrooms acros
Slide 21: Extensive Market Reach
Extensive Market Reach Jammu Punjab Uttarakhand Rajasthan Haryana Uttar Pradesh Assam 13 Delhi States/UT Bihar Madhya Pradesh Jharkhand Combination of Chhattisgarh Franchisee owned as well as Company owned Showrooms E-Commerce presence 18
Slide 22: A Glimpse of PC Jeweller's Jewellery themes & Showrooms
A Glimpse of PC Jeweller’s Jewellery themes & Showrooms
Slide 23: Diamond Wedding Jewellery
Diamond Wedding Jewellery 20
Slide 24: Polki Jewellery
Polki Jewellery 21
Slide 25: Jewellery for Men
Jewellery for Men PGI
Slide 26: Silver Diamond Jewellery
Silver Diamond Jewellery 23
Slide 27: Silver Gifting
Silver Gifting 24
Slide 28: A Glimpse at some of the Showrooms
A Glimpse at some of the Showrooms South Extension (Delhi) Karol Bagh (Delhi) Ludhiana (Punjab) Ajmer (Rajasthan) Ghaziabad (Uttar Pradesh) Dehradun (Uttarakhand) 25
Slide 29: A Glimpse at some of the Showrooms
A Glimpse at some of the Showrooms Bhilai (Chhattisgarh) Bhilwara (Rajasthan) Jabalpur (Madhya Pradesh) Logix Mall Noida (Uttar Pradesh) Kingsway Camp (Delhi) Varanasi (Uttar Pradesh) Indirapuram (Uttar Pradesh) Yamuna Nagar (Haryana) 26
Slide 30: Industry Overview
Industry Overview
Slide 31: India's Jewellery Market: A $140 Billion Opportunity
India’s Jewellery Market: A $140 Billion Opportunity Driven by Organised Retail Expansion Indian Jewellery Market Split By Organised Jewellery Retail poised for Indian Jewellery Market on Track to 140 Region% 40%+ Market Share by 2028 $Bn by 2029 CAGR +12%-14% CY23 – 28P 21% 15% 29% 140.0 35% 45% 15
Slide 32: Key Growth Drivers
Key Growth Drivers Rising Discretionary Strong Skill Sets Incomes High-quality manufacturing Increased spending power & craftsmanship among the middle class Young Urban Population Gold Metal Loan Scheme Preference for trendy and Boosting jewellery fashionable jewellery production Jewellery as Access
Slide 33: Diamond/Studded Jewellery: Expanding Share in Value Added Mix
Diamond/Studded Jewellery : Expanding Share in Value Added Mix Diamond/Studded Industry 41 21% - 23% 16% 10% 13 10 7 2018 2021 2023 2028P Diamond/Studded Jewellery Market in India is expected to grow at +21% CAGR by FY28 Diamond-studded jewellery enjoys higher gross margins as compared to gold jew
Slide 34: Way Forward
Way Forward
Slide 35: The Way Forward
The Way Forward Expansion through separate franchise model for Metros, Tier 2 and Tier 3 cities – The company also has a separate model for establishing Franchisee in Metros, Tier 2 and Tier 3 cities. We plan to further expand in this model as there is less Capex investment by the company with r
Slide 36: The Way Forward
The Way Forward Possibility of establishing vertical integration through Mining - One of the Company’s subsidiary has incorporated PCJ Mining SARL in the Republic of Chad to undertake the extraction of precious metal ores. PCJ Mining SARL has been granted license for semi-mechanized artisanal mi
Slide 37: The Way Forward
The Way Forward Expansion through Strategic Partnerships under Government Initiatives (MoU’s executed with NSDC under Govt of India and CM YUVA under Govt of Uttar Pradesh) – In India, the jewellery market is mainly ruled by unorganised sector. The organized retail accounts for about 35% only wher
Slide 38: Thank You
Thank You PC Jeweller Limited [email protected] www.pcjeweller.com 35