PC Jeweller has delivered a standout performance in the second quarter of FY24-25, showcasing a strong financial rebound. The company’s consolidated revenue soared by an astounding 1430%, reaching ₹505 crores in Q2 FY25, up from just ₹33 crores in the same period last year. In a significant turnaround, the company posted a profit after tax (PAT) of ₹179 crores, recovering from a loss of ₹152 crores in Q2 FY24.
Strong Quarterly Performance
PC Jeweller’s Q2 FY25 financial results reflect a resurgence in both revenue and profitability. The revenue growth was primarily driven by a rise in domestic demand and increased footfall in stores. The company’s EBITDA also saw a remarkable improvement, reaching ₹129 crores, compared to a loss of ₹23 crores in Q2 FY24.
Key Segment Performance
- Domestic Retail: Domestic sales jumped to ₹505 crores in Q2 FY25, a significant rise from ₹33 crores in the corresponding quarter of the previous year. This surge was fueled by increased consumer confidence and better customer engagement.
- EBITDA Margin: The EBITDA margin improved drastically to over 25%, highlighting the company’s operational efficiency. This marks a stark contrast to the losses suffered in the same quarter last year.
Noteworthy Highlights:
- Revenue: ₹505 crores in Q2 FY25, up from ₹33 crores in Q2 FY24.
- EBITDA: ₹129 crores, reversing from a loss of ₹23 crores in Q2 FY24.
- PAT: ₹179 crores, recovering from a loss of ₹152 crores in Q2 FY24.
Additionally, a key factor contributing to the company’s improved performance was the reduction in customs duty on gold imports, dropping from 15% to 6%, which played a vital role in the favorable Q2 results.
News Desk
