Total income grew to Rs 900.51 crore in the October-December period of this fiscal from Rs 683.44 crore in the corresponding period of the previous year, according to a regulatory filing.PC Jeweler MD Balram Garg said the company has delivered a resilient operating performance in the third quarter of this fiscal year, “driven by continued consumer demand during the festive and wedding season.”
On the balance sheet front, he said the company continues to make steady progress toward its stated goal of becoming debt-free.
“Since signing the settlement agreement with the banks on September 30, 2024, the company has reduced its outstanding debt by approximately 68 percent, reflecting a significant improvement in its financial position and reaffirming management’s focus on financial discipline and deleveraging,” Garg said.
The company remains focused on strengthening its core businesses and expanding its retail presence through company-owned and franchise formats, he added. During the first nine months of this fiscal, PC Juwelier’s net profit rose to Rs 561.57 crore, compared to Rs 482.92 crore in the same period a year ago.
Total income increased to Rs 2,603.32 crore during April-December period of this fiscal from Rs 1,671.77 crore in the corresponding period of the previous year.
PC Jeweler is one of the leading jewelry companies in the country. It has approximately 50 brick-and-mortar stores across 12 states.
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