SynopsisPC Jeweller shares have surged 38% in a week and 40% in a month as the company moves closer to becoming debt-free. The jeweller has repaid outstanding dues to 10 of 14 consortium banks and cleared more than 96% of the remaining debt.

comThe sharp rally in PC Jeweller’s share price began last week after the company said it is on track to become debt-free by this month. PC Jeweller shares rebounded on Wednesday after the company said it had cleared outstanding debt with another bank, paving the way for it to become debt-free by the end of this month.

The jeweller has now repaid dues to 10 of the 14 consortium banks. 08 apiece in Wednesday’s morning trade.

The gains came a day after profit booking on Tuesday snapped a three-day winning streak. The stock has gained 38% over the past week.

PC Jeweller shares have gained more than 40% in one month and 50% in 2026 so far. In the longer term, the multibagger stock has delivered strong returns of nearly 400% over three years and 430% over five years..

In the latest exchange filing released on Tuesday, the company said it has now repaid all outstanding debt to 10 out of 14 consortium banks, with every repayment completed ahead of the scheduled due dates. PC Jeweller added that it has discharged more than 96% of the outstanding debt owed to the remaining four banks, and remains on track to clear the balance of less than 4% owed to these banks to achieve “debt-free” status by the end of this month.

The company said this will materially strengthen its balance sheet and financial position. The settlement agreement, which was signed in September, 2024, was a one-time settlement between PC Jeweller and a 14-bank consortium led by State Bank of India (SBI), which aimed to resolve a stressed loan book that stood at nearly Rs 4,100 crore as of March 2024.

The other consortium members included Union Bank, Punjab National Bank (PNB), Axis Bank, IndusInd Bank, Bank of India, IDBI Bank, Karur Vysya Bank, Kotak Mahindra Bank, Indian Overseas Bank, Canara Bank, Indian Bank, Bank of Baroda and IDFC First Bank.. 6 key triggers behind D-Street selloffPC Jeweller Q1 resultsPC Jeweller in August reported a consolidated net profit of Rs 222 crore in Q1 FY27, marking 37% year-on-year (YoY) increase from the Rs 153 crore reported in the year-ago period.

Revenue from operations, meanwhile, rose 21% YoY to Rs 877 crore in the April-June quarter of the ongoing financial year, from Rs 725 crore in the year-ago period. PC Jeweller’s consolidated operating PAT, excluding other income, surged to Rs 213 crore in Q1 FY27 from Rs 79 crore in the year-ago quarter.