PC Jeweller share price today

PC Jeweller Ltd's share price was ₹15.77 at the close on 6 November 2026. It has been rising for 8 weeks. That is 37.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹8 and ₹18, and at that close it sat 77% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today PC Jeweller Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 15 weeks in a row.

Over the last 11 years the share price moved −12% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: indian funds and insurers (DIIs) cut their stake for 8 quarters in a row, profit up on a year earlier for 11 quarters in a row and best operating margin in 16 quarters.

1. Indian funds and insurers (DIIs) cut their stake for 8 quarters in a row

   From 9.4% to 3.8% of the company by the September 2026 quarter.

2. Profit up on a year earlier for 11 quarters in a row

   In the September 2026 quarter profit was ₹331 crore, +57.6% on a year earlier.

3. Best operating margin in 16 quarters

   Operating margin was 29% in the September 2026 quarter, against 22% a year earlier.

For July to September 2026 (the quarter ended 30 September 2026), PC Jeweller reported revenue of ₹1,054 crore, up 27.8% from ₹825 crore a year earlier, and a profit of ₹331 crore, up 57.6% from ₹210 crore.

PC Jeweller results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

PC Jeweller closed at ₹15.77 on 6 November 2026, up 28.9% from ₹12.23 a year earlier (7 November 2025) and up 463.2% over five years. Its highest weekly close since March 2016 was ₹58.74 on 19 January 2018.

PC Jeweller share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 11 March 2016 to 6 November 2026.

6 Nov 2026: PC Jeweller closed at ₹15.77, up 1.9% on the week and up 6.5% on the month. Results for July to September 2026: Revenue up 27.8% and profit up 57.6% on a year earlier.

Earlier

• 16 Dec 2024: Share split: face value cut from ₹10 to ₹1 a share (ex-date).

PC Jeweller has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

Not in its latest year. PC Jeweller Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 5 of its last 13 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 7 November 2026.

PC Jeweller's management made 0 promises we could check against what it later reported.

Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

One change in PC Jeweller's own numbers looks lasting: debt falling.

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Checked against results and calls up to April to June 2026, 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

Reviewed results showing an inventory impairment or export-receivable loss large enough to erase the operating recovery would break the thesis that bank clearance leaves a viable earnings base.

Each change stops working if

• Bank clearance lowers financing friction: New borrowing or fresh equity issuance absorbs the per-share benefit before operating cash improves.
• Sales recovery supports operating earnings: Sales continue rising while operating profit falls because pricing or product economics deteriorate.
• Export collections can release trapped capital: Reviewed receivables fail to reconcile the announced receipt or further losses offset the recovered cash.
• Franchise rollout supplies a dated potential runway: Openings miss the announced horizon or franchise receivables and inventory grow faster than retained earnings.

The main risks

• Inventory-funded cash gap: The cash gap is inventory-led, but productive stocking has not been demonstrated. ⚠ estimate
• Export-receivable and audit uncertainty: The new collection event does not resolve the audit qualification. ⚠ estimate
• Other-income dependence: Foreign-exchange gains make reported profit an incomplete measure of retail progress. ⚠ estimate
• Ownership interpretation remains unresolved: Percentage changes do not establish promoter disposal during a changing share base. ⚠ estimate

Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When PC Jeweller reports October to December 2026, these are the check that show whether the story is still on course. First: Interest remains below the year-earlier quarter and the next balance sheet confirms lower borrowings without another rise in debt.

PC Jeweller is on 4 of our India lists: Multibagger study list, Small & mid cap stocks, Penny stocks and Gold & silver stocks.

PC Jeweller Ltd earned ₹331 Cr of net profit in the Sep 2026 quarter, +57.6% on the same quarter a year earlier. That is the 6th quarter in a row of profit growth. Full-year FY26 profit was ₹714 Cr. Over 10 years profit has grown 6.0% a year on average. That is 31.4% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹210 Cr. 2 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹714 Cr (+23.5% on the year before).

Why profit moved: revenue changed +27.8% on a year earlier and the margin moved +7.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +46.0% and revenue +29.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

PC Jeweller Ltd reported ₹1,054 Cr of revenue in the Sep 2026 quarter, +27.8% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. Over 10 years it has grown −7.5% a year on average. The last full year, FY26, came in at ₹3,352 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹3,733 Cr.

FY26 revenue was ₹3,352 Cr, +49.4% on the year before.

Recent pace: the last four quarters grew +29.6% on average, against −7.5% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +29.3%, against +93.8% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +45.7%, against +672.9% a year (rolling over).

PC Jeweller Ltd's operating margin was 29.0% in the Sep 2026 quarter, 7.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between −28.0% and 20.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +7.8 percentage points on the year while gross margin changed +7.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

Over the last 3 years PC Jeweller Ltd's operations used more cash than they brought in, so cash conversion was −46%, a gap worth watching. In FY26 its operations used ₹77.0 Cr of cash, against ₹714 Cr of profit. After ₹23.0 Cr of spending on assets, free cash was −₹100 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

PC Jeweller Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹3,352 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹39.0 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. Management described a rollout horizon. Franchise partners may bear store spending, but the company's inventory funding, commercial terms and retained profit are not quantified. Announced outlets, subsequent sales and operating leverage form one dependent chain; no separate earnings premium is assigned before openings and economics are delivered.

Averaged over those years that is 0.4% of FY26 revenue a year.

Spending on assets: ₹39.0 Cr over the last 3 years, against ₹59.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

PC Jeweller Ltd's P/E is 17.2×, in the middle of its own history: higher than 53% of past readings. Its usual P/E (the middle reading) is 16.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹1.01.