PC Jeweller's board is considering fundraising via preferential allotment in an upcoming meeting on July 10.
The company recorded 80% year-on-year growth in standalone revenue driven by robust wedding and seasonal purchases despite gold price fluctuations.
PC Jeweller aims to become debt-free by the end of fiscal 2026 after reducing outstanding debt, with operational improvements reflecting positively in financial results.
Shares of PC Jeweller closed 10.78% higher at Rs 18.49 apiece on the National Stock Exchange and have seen significant price increases over the last 12 months.