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PC Jeweller Q2 Results FY24-25: 1430% Revenue Growth, PAT Rs. 179 Crores

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Synopsis:

PC Jeweller's Q2 FY25 results highlight a major recovery with a 1430% revenue growth and ₹179 crores PAT. Key improvements in EBITDA and retail sales have driven their strong performance this quarter.

PC Jeweller's Q2 FY25 consolidated results reflect a significant turnaround, with revenue soaring to ₹505 crores compared to ₹33 crores in Q2 FY24, marking a 1430% increase. The company also reported a profit after tax (PAT) of ₹179 crores, a sharp recovery from a loss of ₹152 crores in the previous year's same quarter.

Key Highlights/Quick Insights

  • Revenue: ₹505 crores in Q2 FY25 vs. ₹33 crores in Q2 FY24.
  • EBITDA: ₹129 crores in Q2 FY25, a turnaround from a loss of ₹23 crores in Q2 FY24.
  • PAT: ₹179 crores vs. a loss of ₹152 crores in Q2 FY24.

Custom Duty Impact: The reduction in custom duty on gold imports from 15% to 6% significantly contributed to the stellar Q2 results

PC JEWELLER LTD

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179.273.75 (2.13 %)

Updated - 11 December 2024
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Quarterly Performance – PC Jeweller Q2 Results FY24-25

PC Jeweller's consolidated financials show a remarkable recovery in both the top line and bottom line. The revenue increased by 1430%, driven by higher domestic demand and improved footfalls. EBITDA for Q2 stood at ₹129 crores, compared to a loss of ₹23 crores in the corresponding quarter of the previous fiscal.

Segment Highlights

  • Domestic Retail: The company’s domestic sales surged to ₹505 crores in Q2 FY25, up from ₹33 crores in Q2 FY24. The company’s operations have shown significant recovery, with customer confidence and footfalls rising.
  • EBITDA Margin: A strong improvement was observed in EBITDA, which stood at ₹129 crores in Q2 FY25, showcasing an EBITDA margin of over 25%. This is a major improvement compared to the loss recorded last year.

Sector Expectations for PC Jeweller Q2 Results FY24-25

The broader jewellery sector has seen steady growth, with easing gold import duties supporting the financial recovery of companies like PC Jeweller. In comparison to industry peers, PC Jeweller outperformed expectations with its stellar revenue and profit growth.

Management Commentary

The management remains optimistic about the future. Their focus on business expansion, settlement with consortium banks, and favourable government policies are expected to sustain the growth momentum in the upcoming quarters.

PC Jeweller Q2 Results FY’24-25 Financial Highlights

Parameter

Q2 FY25

Q2 FY24

Change (%)

Revenue

₹505 Cr

₹33 Cr

1430%

EBITDA

₹129 Cr

-₹23 Cr

661%

PAT

₹179 Cr

-₹152 Cr

218%

PBT

₹124 Cr

-₹152 Cr

182%

H1 FY25

H1 FY24

Change (%)

Revenue

₹906 Cr

₹101 Cr

EBITDA

₹218 Cr

-₹65 Cr

PBT

₹207 Cr

-₹325 Cr

Check out PC Jeweller's past performances in previous quarters and financial years.

Conclusion

PC Jeweller's Q2 FY25 results showcase a remarkable turnaround, driven by strong domestic demand, favourable policy changes, and strategic business decisions. With a substantial increase in revenue, EBITDA, and profitability, the company is well-positioned for future growth. As it continues to regain customer confidence and market share, PC Jeweller's focus on operational efficiency and business expansion indicates promising prospects for the upcoming quarters. 

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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