PC Jeweller cuts 56% debt in FY25 to Rs 1,800 cr, to become debt-free by Mar FY26: MD Balram Garg - India Retailing

PC Jeweller cuts 56% debt in FY25 to Rs 1,800 cr, to become debt-free by Mar FY26: MD Balram Garg - India Retailing

In September, the company executed a settlement agreement with a consortium of 14 banks led by SBI to clear its outstanding loan, which stood at nearly Rs 4,100 crore  New Delhi: PC Jeweller Ltd. has reduced bank loans by more than half to about Rs 1,800 crore this fiscal year and aims to become debt-free by March next year on better sales and fundraise, its MD Balram Garg said. PC Jeweller, which sells gold and silver jewellery, has 55 showroom…