PC Jeweller Franchise

* Breakdown as published by PC Jeweller.

Ways to Partner with PC Jeweller

1 partner model published by the brand. Figures it doesn't publish are left blank.

What the press, courts and real franchisees or customers have said about PC Jeweller — summarised by us, with every source linked.

• regulatory· 2025-01-27

  Settled SEBI loan-default disclosure case for Rs 7.23 crore (Jan 2025)

  A February 2024 SEBI show-cause notice alleged non-disclosure or delay in disclosing loan defaults, misclassifying loans as NPAs, not submitting a resolution plan to lenders and misleading investors. PC Jeweller agreed to pay Rs 7.23 crore to settle, without admitting or denying the findings.

  Source: Angel One news report, 27 Jan 2025
• In the news· 2025-11-11

  Bank debt cut by over 50% (about Rs 2,005 Cr) in FY25 under bank settlement; about Rs 1,213 Cr still owed at 30 Sep 2025

  In its Q2 FY26 results presentation the company says outstanding bank debt fell by over 50% (about Rs 2,005 Cr) during FY2024-25 under the Joint Settlement Agreement of 30 Sep 2024, then by about 9% in Q1 and about 23% in Q2 of FY26, leaving about Rs 1,213 Cr at 30 Sep 2025, and that it targeted being debt-free by the end of FY26. PTI (28 May 2026) reports no debt-free confirmation: the MD said he was confident of it 'very soon'. PTI (28 May 2026) quotes the MD saying debt is down more than 90% since the settlement.

  Source: PC Jeweller Q2 FY26 results presentation (NSE filing, company's own statement)
• In the news· 2026-05-28

  FY26 consolidated profit Rs 714.46 Cr; company says debt-free 'very soon'

  PTI (28 May 2026) reports FY26 consolidated net profit of Rs 714.46 Cr against Rs 577.70 Cr and a more than 90% cut in debt since the settlement; the MD says it is confident of opening up to 100 large franchise showrooms, with an aggressive expansion mode once it is debt-free. The company's Q2 FY26 presentation shows an exceptional income-tax-refund item of Rs 183 Cr in H1 FY25 and Rs 5.5 Cr in H1 FY26, so the FY25 comparison is flattered more than FY26.

  Source: PTI via Outlook Business
• In the news· 2026-01-27

  Board approves up to 100 large franchise showrooms (27 Jan 2026)

  In a stock-exchange filing the board approved opening up to 100 large franchise showrooms over 12-18 months and registering under state schemes such as Uttar Pradesh's CM-YUVA campaign, saying this would add market share 'without additional capital investment'.

  Source: PC Jeweller board outcome filing (NSE)

Legal & Contract Summary

Key contract terms at a glance — read before you sign.

Who Can Apply for PC Jeweller

Conditions the brand sets for partners, and the licences the business needs.

• Store area: 600-1,200 sq ftRequired

About the Brand

PC Jeweller Outlet Network

Cities with Outlets

The franchisor's own company health — separate from what a single franchise outlet earns.

A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.

Company Health Check

What PC Jeweller's franchisor company has filed with the registrar and the courts — the checks a lawyer would run before you sign.

Source: PC Jeweller NSE filings (Nov 2025 presentation, Jan 2026 board outcome, Sep 2026 BRSR). MCA21 registrar status, charges, GSTIN, auditor and trademark were not read in this wave. (checked Nov 2026)

How PC Jeweller looks once the numbers are checked side by side.

• •Investment below the Fashion & Jewellery medianMidpoint ₹0 L vs a category median of ₹50 L across brands on FranchiseChuno.
• ✓Brand operating for 21 yearsFounded in 2005. The brand doesn't state when franchising began.
• ✓Outlet claim matches its store locator50 outlets on its own store locator (2 Nov 2026 (company's corporate store-locator page; undated)), in line with the 50 it claims.
• !1 red flag in the news or public discussionSee Reputation & News below, and ask the brand to address each one.

Ask Before You Sign

Questions tailored to what PC Jeweller does and doesn't publish.

1. 1Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
2. 2Ask for the one-time franchise fee in writing, and whether any part is refundable.
3. 3Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
4. 4Ask for the agreement term, renewal fee and exit or transfer terms.
5. 5Ask whether you get an exclusive territory, and how large it is.
6. 6Ask the brand to respond to each red flag listed under Reputation & News.
7. 7Have a lawyer review the franchise agreement before paying anything.
8. 8Visit 2–3 existing outlets and speak to their owners without the brand present.

What PC Jeweller franchisees say

We haven't yet heard from enough PC Jeweller franchisees to show anything. We publish totals once 3 or more people who run an outlet have answered and we've called each one to check.