Despite soaring gold rates, PC Jeweller delivered a robust second-quarter performance, posting higher profits and stronger revenues as consumers continued to purchase lighter-carat jewellery and gold coins across India.

The M3M Hurun India Rich List 2025 captures how jewellers continue to illuminate the nation’s economy and imagination

PC Jeweller is set to raise funds through a preferential allotment as part of its ongoing efforts to strengthen its financial footing. The move comes on the heels of a sharp recovery in business performance, with the company reporting robust revenue growth driven by strong wedding and seasonal demand.

India’s gems and jewellery industry is on a strong growth trajectory, with the market projected to reach USD 168.62 billion by 2030, up from USD 100.94 billion in 2024, according to a new report by TechSci Research. Anchored in cultural tradition and fuelled by rising disposable incomes, the sector continues to thrive despite global headwinds

Jewellery stocks continued their upward momentum for a second straight day on Wednesday as investors responded positively to the reduced customs duties

PC Jewellers experienced a notable uptick in its stock price, rising 1.98% to reach Rs 72.06, following IndusInd Bank's acceptance of a one-time settlement (OTS) proposal aimed at resolving the company's outstanding dues

PC Jeweller, grappling with significant financial challenges, announced a pivotal development as it received approval from Punjab National Bank (PNB) for its One Time Settlement (OTS) proposal

PC Jewellers is experiencing operational disruptions due to this financial setback, leading to a significant drop in their second-quarter revenues for the fiscal year 2024

Delhi-based jewellery chain PC Jeweller is facing a tumultuous time in the stock market, with its shares plummeting by over 75% since January 2018. The company is embroiled in legal proceedings with the State Bank of India and four other banks as well.

PC Jeweller, has been in the midst of legal proceedings with State Bank of India (SBI) and four other banks of the consortium (IDBI Bank, Indian Bank, Bank of India, and Karur Vysya Bank) that have advanced loans to the company.

Kalyan Jewellers, Joyalukkas, PC Jewellers, and Tribhovandas Bhimji Zaveri Limited have ranked 37th, 46th, 57th, and 92nd, respectively, in the list

As per the Rating Rationale "the downgrade in the rating factors in the instances of devolvement of Letter of Credits (LC) and overutilization in working capital limits for more than 30 days

The company paid Rs 19,12,500 towards full and final settlement of the alleged default
 

Among listed jewellery and ornament manufacturing companies, PC Jeweller was the top performer, followed by Tara Jewels, Tribhovandas Bhimji Zaveri, Titan and Thangamayil Jewellery