PC Jeweller nears debt-free status after bank repayments

PC Jeweller Ltd. is nearing debt-free status following a series of successful repayments to its consortium banks. The jewellery retailer announced it has cleared all outstanding debt for 11 out of its 14 consortium banks, with many payments completed ahead of scheduled due dates.

As of September 2026, the company has discharged more than 96% of the debt owed to the remaining three lenders, leaving less than 4% of the outstanding amount to be settled. The company aims to achieve full debt-free status within the month of September 2026.

Following these developments, PC Jeweller shares have seen a positive reversal in trading. The stock has experienced significant momentum, gaining over 38% in the last month and more than 50% over the past six months, reflecting investor interest in the company's turnaround strategy.