{"id":169714,"date":"2025-08-04T05:48:41","date_gmt":"2025-08-04T09:48:41","guid":{"rendered":"https:\/\/44.250.171.167\/?p=169714"},"modified":"2025-08-04T05:48:41","modified_gmt":"2025-08-04T09:48:41","slug":"pc-jeweller-ltd-q1-fy26-earnings-release-4-rise-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/pc-jeweller-ltd-q1-fy26-earnings-release-4-rise-in-profits\/","title":{"rendered":"PC Jeweller Ltd Q1 FY26 Earnings Release &#8211; 4% rise in Profits"},"content":{"rendered":"<p>PC Jeweller is engaged in the business of manufacturing, sale and trading of gold jewellery, diamond-studded jewellery and silver items and operates in different geographical areas. The Company\u2019s export business of gold jewellery is on a B2B basis through its dealers based in the Gulf via Dubai based firms. The company has a team of in-house designers. Presenting below are its Q1 FY26 earnings.<\/p>\n<h2 id=\"\" class=\"mb-2 mt-6 text-base font-[500] first:mt-0 md:text-lg dark:font-[475] [hr+&amp;]:mt-4\">Q1 FY26 Earnings Results:<\/h2>\n<ul class=\"marker:text-textOff list-disc\">\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\"><strong>Consolidated Revenue:<\/strong> \u20b9725 crore, up 80.8% year-over-year (YoY) from \u20b9401 crore in Q1 FY25<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\"><strong>Net Profit (PAT):<\/strong> \u20b9162 crore, up 4% YoY. On a reported basis, Q1 FY25 PAT was \u20b9156 crore (with a large exceptional gain)<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\"><strong>EBITDA:<\/strong>\u00a0\u20b9128 crore, a rise of 147% from\u00a0\u20b952 crore YoY<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\"><strong>EBITDA Margin:<\/strong>\u00a017.6%, expanding\u00a0from 12.9% in\u00a0Q1 FY25<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\"><strong>Gross Profit:<\/strong>\u00a0\u20b9144 crore (vs \u20b965 crore Q1 FY25)<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\"><strong>Sales Volume:<\/strong>\u00a0Up sharply\u00a0YoY, with Q1 FY26 turnover entirely\u00a0from domestic\u00a0sales, zero export\u00a0exposure<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\"><strong>Finance Costs:<\/strong>\u00a0Rose to \u20b942 crore (vs \u20b92 crore YoY) but\u00a0management continues\u00a0rapid deleveraging<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\"><strong>Debt Reduction:<\/strong>\u00a0Net debt cut\u00a0by over 50% in\u00a0FY25, then further\u00a0reduced by 8.7% in\u00a0Q1 FY26, with\u00a0another 10.1% paid\u00a0off in July\u00a02025<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3 class=\"mb-2 mt-6 text-base font-[500] first:mt-0 md:text-lg dark:font-[475] [hr+&amp;]:mt-4\">Key\u00a0Management Commentary\u00a0&amp; Strategic Highlights<\/h3>\n<ul class=\"marker:text-textOff list-disc\">\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\">Management\u00a0highlighted \u201c<a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachHis\/d9006d3c-831c-409f-a26b-e15c73c2d5e5.pdf\" target=\"_blank\" rel=\"noopener\">exceptional sales\u00a0and profit growth<\/a>, solely from\u00a0the domestic\u00a0market,\u201d demonstrating\u00a0resilience against\u00a0global volatility\u00a0and FX swings<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\">The\u00a0company is executing\u00a0a <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachHis\/d9006d3c-831c-409f-a26b-e15c73c2d5e5.pdf\" target=\"_blank\" rel=\"noopener\">clear debt-free roadmap<\/a>: After repaying \u20b9335 crore in bank\u00a0loans during\u00a0April\u2013July 2025, net\u00a0debt stood at\u00a0\u20b91,445 crore\u00a0(down from \u20b91,780 crore at\u00a0FY start). Plans\u00a0for a \u20b91,800 crore\u00a0equity infusion\u00a0are in place\u00a0(\u20b9500 crore via\u00a0preferential\u00a0allotment, \u20b91,300 crore via\u00a0warrants)<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\">\u201cWe aim to be fully\u00a0debt-free by\u00a0March 2026,\u201d said\u00a0the MD, focusing\u00a0on increased\u00a0internal accruals and new capital\u00a0raising<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\">PC\u00a0Jeweller now\u00a0operates 52 showrooms (49 company-owned), with\u00a0continued focus\u00a0on expanding\u00a0reach and avoiding\u00a0risky international\u00a0sales exposure<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\">Regulatory\u00a0initiatives (mandatory hallmarking) seen as tailwinds for formal\u00a0sector growth<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\">The Jamshedpur showroom\u00a0was closed in\u00a0Q1 FY26 as part\u00a0of a rationalization strategy<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\">Board remains\u00a0committed to\u00a0operational transparency\u00a0and sustainable\u00a0growth, with\u00a0showroom network\u00a0realignment and\u00a0franchise expansion<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-169725\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4-1-839x1024.png\" alt=\"PC Jewellers Q1 FY26 Earnings Results\" width=\"640\" height=\"781\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4-1-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4-1-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4-1-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4-1-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4-1.png 1489w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"\" class=\"mb-2 mt-6 text-base font-[500] first:mt-0 md:text-lg dark:font-[475] [hr+&amp;]:mt-4\">Additional\u00a0Highlights and\u00a0FY25 Context\u00a0(for trend)<\/h2>\n<ul class=\"marker:text-textOff list-disc\">\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\"><strong>FY25 Full Year:<\/strong>\u00a0Net profit\u00a0of \u20b9577.7 crore\u00a0on revenue of\u00a0\u20b92,371.9 crore<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\"><strong>Showroom footprint:<\/strong>\u00a052 total,\u00a049 directly owned, across 37 cities\u00a0as of June 30,\u00a02025<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"animate-in fade-in-25 duration-700 my-0\"><strong>Stock Performance:<\/strong>\u00a0Shares have\u00a0been extremely\u00a0volatile but\u00a0are up nearly\u00a060% in the previous\u00a012 months and\u00a0up over 800% over\u00a0five years<\/p>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>To view the company&#8217;s earnings: <a href=\"https:\/\/44.250.171.167\/?post_type=post&amp;s=pc+jeweller\">Please Click Here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PC Jeweller is engaged in the business of manufacturing, sale and trading of gold jewellery, diamond-studded jewellery and silver items and operates in different geographical areas. The Company\u2019s export business of gold jewellery is on a B2B basis through its dealers based in the Gulf via Dubai based firms. The company has a team of [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":169725,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,85],"tags":[14331,12548],"class_list":["post-169714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-retail-stocks","tag-gold-and-silver","tag-jewellery-accessories"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4-1.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":169881,"url":"https:\/\/alphastreet.com\/india\/titan-q1-fy26-earnings-results\/","url_meta":{"origin":169714,"position":0},"title":"Titan Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 7, 2025","format":false,"excerpt":"Titan Company Ltd is among India\u2019s most respected lifestyle companies. It has established leadership positions in the Watches, Jewellery and Eyewear categories led by its trusted brands and differentiated customer experience. It was founded in 1984 as a joint-venture between TATA Group and Tamilnadu Industrial Development Corporation (TIDCO). Presenting below\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Titan Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-4.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-4.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-4.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-4.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-4.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-4.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":172112,"url":"https:\/\/alphastreet.com\/india\/titan-q2-fy26-earnings-results\/","url_meta":{"origin":169714,"position":1},"title":"Titan Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"November 4, 2025","format":false,"excerpt":"Titan Company Ltd is among India\u2019s most respected lifestyle companies. It has established leadership positions in the Watches, Jewellery and Eyewear categories led by its trusted brands and differentiated customer experience. It was founded in 1984 as a joint-venture between TATA Group and Tamilnadu Industrial Development Corporation (TIDCO). \u00a0 Q2\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Titan Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Titan-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Titan-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Titan-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Titan-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Titan-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Titan-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":170361,"url":"https:\/\/alphastreet.com\/india\/vakrangee-q1-fy26-earnings-results\/","url_meta":{"origin":169714,"position":2},"title":"Vakrangee Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 20, 2025","format":false,"excerpt":"Incorporated in 1990, Vakrangee Ltd provides diverse solutions, and activities in the e-commerce sector, including bullion and jewellery, through its Vakrangee Kendra (on B2B and B2C basis), and handles multi-state data digitization, software, and licence. Presenting below are its Q1 FY26 earnings results. \u00a0 Q1 FY26 Earnings Results Consolidated Revenue:\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Vakrangee Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4-13.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4-13.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4-13.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4-13.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4-13.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4-13.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":170246,"url":"https:\/\/alphastreet.com\/india\/vaibhav-global-q1-fy26-earnings-results\/","url_meta":{"origin":169714,"position":3},"title":"Vaibhav Global Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 18, 2025","format":false,"excerpt":"Vaibhav Global Limited (VGL), through its distinctive business model, has created a niche for itself in the global retail space, especially in the jewellery, accessories and lifestyle product segments of two of the largest economies of the world - the US and UK. Presenting below are its Q1 FY26 earnings\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Vaibhav Global Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-12.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-12.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-12.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-12.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-12.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-12.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":156961,"url":"https:\/\/alphastreet.com\/india\/pc-jeweller-ltd-q2fy24-50-fall-in-revenue\/","url_meta":{"origin":169714,"position":4},"title":"PC Jeweller Ltd Q2FY24; 50% fall in Revenue","author":"Chirag Gupta","date":"November 30, 2023","format":false,"excerpt":"PC Jeweller is engaged in the business of manufacturing, sale and trading of gold jewellery, diamond-studded jewellery and silver items and operates in different geographical areas. The Company\u2019s export business of gold jewellery is on a B2B basis through its dealers based in the Gulf via Dubai based firms. The\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-416.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-416.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-416.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-416.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-416.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-416.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":153993,"url":"https:\/\/alphastreet.com\/india\/pc-jeweller-ltd-q1fy24-88-fall-in-revenue\/","url_meta":{"origin":169714,"position":5},"title":"PC Jeweller Ltd Q1FY24; 88% fall in Revenue","author":"Karan_Singh","date":"August 15, 2023","format":false,"excerpt":"PC Jeweller is engaged in the business of manufacturing, sale and trading of gold jewellery, diamond-studded jewellery and silver items and operates in different geographical areas. The Company\u2019s export business of gold jewellery is on a B2B basis through its dealers based in the Gulf via Dubai based firms. The\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1099.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1099.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1099.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1099.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1099.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1099.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/169714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=169714"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/169714\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/169725"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=169714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=169714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=169714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}