PC Jeweller to subdivide shares with 1:10 stock split amid record-breaking growth  

With a strong financial position and expanding market presence, the decision follows an extraordinary 1,430% revenue growth in Q2 FY25, with impressive profits and successful resolution of banking challenges.   

Hyderabad: PC Jeweller Ltd, one of India’s leading jewellery retail chains, has declared a 1:10 stock split, with December 16, 2024, set as the record date. This move, which will subdivide each equity share into ten, aims to increase market liquidity and make shares more affordable for investors. 

The announcement follows the company’s successful conversion of 3,38,85,000 warrants into equity shares worth Rs 10 each, raising Rs 142.82 crore. This conversion, involving 35 non-promoters public allottees, reflects strong investor confidence in the company. 

PC Jeweller has also posted remarkable financial results for the quarter and half-year ending September 30, 2024. For Q2 FY25, the company saw a staggering 1,430% year-over-year revenue growth, reaching ₹505 crore. Its EBITDA stood at ₹129 crore, and profit before tax (PBT) hit ₹124 crore. In the first half of FY25, revenue surged by 797% YoY to ₹906 crore, with EBITDA of ₹218 crore and PBT of ₹207 crore. 

Additionally, the company has resolved its banking issues with a consortium of 14 banks, successfully securing an Offer for Settlement (OTS) approval. This has strengthened PC Jeweller’s financial position, boosting investor confidence. 

Founded in 2005, PC Jeweller has expanded rapidly, establishing large-format showrooms across India, specializing in diamond and hallmarked gold jewellery. The company’s focus on quality, customer-centric policies, and ability to adapt to market trends position it for continued success and sustainable growth. 
 
Retail Jeweller India News