PC Jeweller share price surged 10% on Friday, 29 May, after the company reported strong Q4FY26 earnings, driven by higher income and continued balance sheet improvement.

The jewellery retailer posted a 61% year-on-year rise in consolidated net profit to ₹152.89 crore for the quarter ended 31 March 2026, compared to ₹94.78 crore in the corresponding period last year. Total income during the quarter increased to ₹946.26 crore from ₹700.10 crore a year ago, according to a regulatory filing.

For the full financial year FY26, the company reported a net profit of ₹714.46 crore, up from ₹577.70 crore in the previous fiscal. Total income for the year rose sharply to ₹3,549.58 crore from ₹2,371.87 crore in FY25.

Regarding the performance, Managing Director Balram Garg stated that FY26 marked a crucial year of recovery for the company, driven by solid execution and strong consumer interest. He noted that since implementing its settlement agreement with banks, the company has reduced its outstanding debt by more than 90% and is steadily progressing toward becoming debt-free.

Garg added that once the company achieves a debt-free balance sheet, it intends to embark on an aggressive expansion phase. He mentioned that PC Jeweller is receiving positive feedback from potential partners for large-format franchise showrooms and plans to establish up to 100 franchise locations in the next 12–18 months.