Shares of PC Jeweller slipped 4 per cent in early trade on Wednesday even as the company posted a strong set of December-quarter numbers.
At 10.05 am, the stock was trading 3.6 per cent lower at ₹10.43 on the NSE, after hitting an intraday low of ₹10.36, compared with the previous close of ₹10.83.
The jewellery retailer reported a sharp improvement in financial performance for the quarter ended December 2025. Standalone net profit rose 29 per cent year-on-year to ₹188.34 crore from ₹146.21 crore in the same period last year. Revenue from operations jumped 37 per cent to ₹875.38 crore, up from ₹638.73 crore in Q3FY25.
Commenting on the results, Balram Garg, managing director of PC Jeweller, said the company delivered a resilient operational performance during the quarter, aided by healthy consumer demand in the festive and wedding season. “EBITDA was ₹225 crore, and profit before tax was ₹189 crore, highlighting operational efficiency and disciplined execution,” Garg added.
Alongside the earnings announcement, the board approved an expansion strategy, clearing plans to open up to 100 large franchise showrooms over the next 12–18 months as part of its future growth roadmap.
The company also announced key leadership changes. Vivek Jain has been appointed chief information officer with effect from February 1, while the board accepted the resignation of Sheiba Anand, president for retail operations, effective January 27, 2026, citing her relocation to Dehradun for personal reasons.
Despite the upbeat earnings and expansion plans, the stock remained under pressure in morning trade, suggesting that investors may be booking profits or factoring in broader market sentiment in the small-cap space.