PC Jeweller Ltd announced on Friday, 25 September 2026, that it has become debt‑free after discharging the outstanding debt of all 14 consortium banks. The company said the latest repayment completed the Settlement Agreement dated 30 September 2024, which had been approved in September 2024. The settlement involved a one‑time settlement (OTS) that included cash and equity components, release of securities and mortgaged properties. The filing confirmed that the company has successfully discharged the remaining outstanding debt and achieved its financial objective of a debt‑free status.

PC Jeweller’s total debt before the settlement was approximately ₹3,000 crore. The terms and conditions of the approved OTS required cash and equity payments, the release of securities and mortgaged properties, and other settlement components. The company made repayments ahead of the scheduled due dates, thereby accelerating the debt‑free timeline. The settlement agreement, signed on 30 September 2024, covered all 14 banks that had provided credit to PC Jeweller over the past years.

In the first quarter of the 2026‑27 financial year (Q1 FY27), PC Jeweller reported a 37% year‑on‑year jump in consolidated net profit to ₹222 crore, up from ₹161.93 crore in the same period a year earlier. Total income rose to ₹879.27 crore from ₹807.88 crore year‑on‑year. Earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 90% YoY to ₹242 crore from ₹127 crore in Q1 FY26. The company said it would become debt‑free in the current quarter.

PC Jeweller shares closed 0.98% lower at ₹14.11 per unit on the National Stock Exchange on Friday, 25 September, after the market closed. The announcement came post‑market, explaining the slight dip. Over the past week the stock has rallied 11% and 29% over the month. Year‑to‑date, the shares have risen 52%. The 52‑week high of ₹14.86 was reached on 23 September 2026, while the lowest point of ₹7.47 per unit was recorded on 30 March 2026.

As of 25 September 2026, PC Jeweller’s market capitalisation stood at ₹13,760.26 crore according to NSE data. The company’s debt‑free status follows a strategic settlement that cleared all bank dues and aligns with its reported profitability growth. The latest repayment was made ahead of the scheduled dates, reinforcing the company’s commitment to financial discipline. Investors noted the share price’s 52‑week high and year‑to‑date rally, reflecting market confidence in the retailer’s turnaround.