Shares of PC Jeweller climbed as much as 6.1% on Monday to Rs 15.94 on the BSE after Managing Director Balram Garg said the company had reduced its net debt by 19% in the past four months and would become debt-free by the end of the current financial year.
“We have repaid bank loans worth Rs 335 crore during the April-July period of this fiscal year,” Garg told PTI, adding that the company’s net debt had fallen to Rs 1,445 crore at the end of July, down from Rs 1,780 crore at the start of FY26. The company is repaying its loans using internal accruals as well as funds raised from promoters and investors.
“We will become debt-free by the end of this fiscal year,” Garg said.
PC Jeweller had indicated in its investor presentation that it had…