PC Jeweller Ltd aims to be debt-free by FY 2025-2026. Despite ₹41.6 crore finance cost this Q1, they posted ₹164 crore PAT. They've significantly reduced debt by ₹2,005 crore last fiscal and ₹335 crore this fiscal, bringing it to ₹1,440 crore. Remaining debt is covered by warrant conversions and a new ₹500 crore preferential allotment, signalling strong financial recovery.