Aditya Halwasiya Buys Additional Stake in PC Jeweller as Shares Jump 9% After Q2 Profit Rises 58%

The quarterly performance comes as PC Jeweller completes a significant financial turnaround. The company recently cleared its outstanding dues to all 14 consortium banks, achieving debt-free status. The reduction in interest expenses could support profitability in subsequent quarters.

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Aditya Halwasiya Buys Additional Stake in PC Jeweller as Shares Jump 9% After Q2 Profit Rises 58%

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PC Jeweller also received approximately ₹142 crore from export debtors during the September quarter, marking progress in recovering long-pending receivables.

Investor interest has also been driven by bulk deals. On October 21, Aditya Kumar Halwasiya, Chairman and Managing Director of Cupid Ltd, purchased an additional 5.51 crore PC Jeweller shares at ₹18.39 apiece, amounting to approximately ₹101.33 crore, according to exchange data.

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Earlier, on October 16, Halwasiya had purchased 5.10 crore shares worth approximately ₹73.59 crore at an average price of ₹14.43 per share.

The company plans to open up to 100 large-format showrooms across Tier I, Tier II and Tier III cities over the next 12–18 months.