PC Jeweller aims to be debt free by March next year

Fine jewellery business PC Jeweller Limited aims to become debt free by March next year through rising sales and fundraising. The Delhi based business has reduced its bank loans by around 56% in the 2025 financial year. 

“Our bank loans is [sic] expected to come down to Rs 1,775 crore at the end of the current fiscal,” PC Jeweller’s managing director Balram Garg told the Press Trust of India at the end of the 2025 financial year. “We are targeting to further reduce our bank loans and become debt free by March 2026.”

PC Jeweller currently counts 55 exclusive brand outlets in 15 Indian states. The business specialises in both gold and silver jewellery and made a settlement agreement with a group of 14 banks bed by the State Bank of India in September 2024 to clear its outstanding loan. At the end of the 2024 financial year, the loan had totalled Rs 4,100 crore, ET Retail reported. 

In the 2026 financial year, PC Jeweller expects to receive over Rs 1,500 crore from investors, gleaned from proceeds against the preferential issue of warrants. The business plans to use this towards clearing its bank loans and has recently reported rising sales, which will also contribute to this effort.