India's PC Jeweller posts profit rise as higher gold prices boost sales

PC Jeweller

01/08/2025 14:38

Aug 1 - India's PC Jeweller PCJE.NS posted a rise in first-quarter profit on Friday, as elevated gold prices helped the company boost its bottomline.

The jewellery retailer's consolidated net profit grew 5% to 1.62 billion Indian rupees ($18.58 million) in the quarter ended June 30. Its revenue from operations jumped 81% to 7.25 billion rupees.

KEY CONTEXT

Indian jewellery retailers are keeping pace with soaring gold rates by raising their own price tags. Spot gold XAU= climbed 5.5% in the quarter ended June 30, continuing a bullish run fueled by investor flight to safe-haven assets amid U.S. trade jitters and Middle East tensions.

Analysts say the rally has been a golden opportunity for local jewellers, padding their earnings even as buyers shift to lighter, more affordable pieces.

Peer Titan TITN.NS, too, reported higher domestic sales, benefiting from the rise in gold prices.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Price/Sales
Revenue growth (%)
Profit growth (%)
Mean rating*
No. of analysts
Stock to price target**
Div yield (%)
Titan Company Ltd
TITN.NS
59.41
39.80
4.71
12.68
30.63
Buy
25
0.87
0.33
Kalyan Jewellers India Ltd
KALN.NS
49.79
28.51
NULL
27.24
46.04
Strong Buy
7
0.90
0.20
Senco Gold Ltd
SENC.NS
19.82
11.86
NULL
17.59
40.43
Buy
6
0.62
0.32

* Mean of analysts' ratings standardised to a scale of strong buy, buy, hold, sell, and strong sell

** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

*** There is no available data for PC Jeweller

APRIL-JUNE STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 87.1760 Indian rupees

PC Jeweller Stock Performance https://tmsnrt.rs/4mnYup8

 (Reporting by Manvi Pant and Praveen Paramasivam; Editing by Shailesh Kuber)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))