India's PC Jeweller gains after profit jump, plans capital raise

Kalyan Jewellers India

11/08/2026 07:37

** PC Jeweller PCJE.NS shares rise 3.7% to 10.18 rupees, on track for a third straight session of gains
** June-qtr net profit jumps 37.2%; Revenue from operations rises 21% 
** Says co's board approved a plan to raise up to 10 billion rupees ($104.82 million) via a qualified institutional placement, subject to required approvals 
     ** Co says the funds would be used to support growth opportunities, strengthen its balance sheet and provide greater financial flexibility
** Stock trades at trailing 12-months PE of 14.59 vs industry median of 13.12 
** PC Jeweller's return on equity stood at 9.95%, compared with 24.3% for peer Kalyan Jewellers KALN.NS in the last one year, according to LSEG data 
** YTD, stock up 8.5% vs Kalyan Jewellers' 23.6% rise and Titan Company's TITN.NS 27% advance


($1 = 95.4025 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))