PC Jeweller Share Price Drops 9% Despite Profit Rise

Overview

PC Jeweller has been trending on Google Trends in India, with around 2,000 searches in the 24‑hour period ending 17 September 2026, representing a 400% growth spike.

Recent Price Movement

According to TradingView data, the stock opened at ₹12.59 on the NSE on 17 September 2026, down from the previous close of ₹12.64, and fell more than 1% after a brief intraday gain of up to 1.42%. The share price has extended losses for five consecutive sessions, dropping about 9% over the past week.Source 1

Debt Repayment Progress

In an exchange filing dated 10 September 2026, PC Jeweller said it had cleared and repaid all outstanding dues to one bank under the Settlement Agreement of 30 September 2024. It has settled debt with 11 of the 14 consortium banks ahead of schedule and repaid more than 96% of the amount owed to the remaining three banks, aiming to be debt‑free within September 2026.Source 1

Quarterly Financial Performance (Q1FY27)

The company reported a 37.2% year‑on‑year rise in consolidated net profit to ₹222 crore, revenue from operations up 21% to ₹877 crore, and operating profit after tax (excluding other income) jumping 168% to ₹213 crore.Source 1

Technical Indicators and Market Comparison

MarketsMojo notes that as of late August 2026 the stock shifted from a bullish to a mildly bullish trend. Weekly MACD and KST remain bullish, while monthly MACD and KST are mildly bearish; weekly RSI is bearish, monthly RSI neutral. Bollinger Bands show a mildly bullish weekly bias and a bullish monthly bias. On‑Balance Volume is neutral weekly but bullish monthly. Compared with the Sensex, PC Jeweller surged 33.78% in the past month while the Sensex fell 5.13%; year‑to‑date gains are 35.47% versus a Sensex loss of 13.16%; however, over the last year the stock returned –2.27% (better than the Sensex’s –9.52%) and over a decade –47.69% (lagging the Sensex’s +160.46%). MarketsMojo upgraded the stock’s grade from Sell to Hold on 26 August 2026, giving it a Mojo Score of 58.0.Source 2

What Investors Should Consider

While the company shows improving fundamentals—strong profit growth, significant debt reduction, and a Hold rating—the share price remains volatile, with a 52‑week range of ₹7.45–₹15.38 and recent underperformance over the last year and decade. Analysts advise that investment decisions should not rely solely on short‑term price moves or technical indicators and recommend consulting certified experts before buying or selling.