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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.
Custom Duty Impact: The reduction in custom duty on gold imports from 15% to 6% significantly contributed to the stellar Q2 results
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
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.
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.
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.
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.
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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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