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PC Jeweller has cleared outstanding debt for one additional bank, settling obligations with eight of its fourteen consortium banks. It remains on track to become debt-free this quarter.
PC Jeweller Limited has successfully repaid over 96% of its total bank debt. The company plans to clear the remaining balance this quarter to become debt-free.
PC Jeweller has successfully cleared and repaid all outstanding debt to one additional bank. The company has now settled the debt of five out of 14 consortium banks.
PC Jeweller reported 21% YoY revenue growth for Q1FY27. It also cut debt by over 90%, aiming for debt-free status this quarter.