Key Financial Figures (Standalone)
The company reported its unaudited financial results for Q1 FY27 (quarter ended June 30, 2026). All figures are in Indian Rupees (₹ crore) unless stated as a percentage.
Revenue from Operations: ₹733 crores, compared to ₹493 crores in Q1 FY26, representing a year-on-year (YoY) growth of 48.8%.
Pre-IndAS EBITDA: ₹55 crores, compared to ₹23 crores in Q1 FY26, representing a YoY growth of 134.6%.
Pre-IndAS EBITDA Margin: 7.5%, compared to 4.7% in Q1 FY26, representing an expansion of 273 basis points.
Adjusted PAT: ₹14 crores, compared to a loss of ₹(21) crores in Q1 FY26. The change is noted as "NM" (Not Meaningful).
Operational Highlights
Same Store Sales Growth (SSSG): The company reported a strong SSSG of 39% YoY for the quarter.
Store Expansion: The company added 12 new stores in Q1 FY27, taking its total store count to 352 stores across 139 cities. All 5 new cities entered during the quarter were Tier 2 and Tier 3 regions.
Cash Profit: The company delivered a standalone cash profit of ₹57 crores for the quarter.
Management Commentary
Gaurav Singh Kushwaha, CEO of BlueStone, provided commentary on the results, highlighting:
- The 49% YoY revenue growth and 39% SSSG occurred despite a rise in customs duty on gold from 6% to 15%.
- The performance is attributed to structural drivers like a relevant portfolio across price points through design and technique innovation.
- Operating leverage in the business resulted in EBITDA growing at nearly three times the rate of revenue.
- The strong cash flow generation reinforces the self-funding nature of the company's growth.
- The expansion into Tier 2 and Tier 3 markets is consistent with the company's strategy and conviction.
Company Description
BlueStone is described as a contemporary lifestyle jewellery brand offering diamond, gold, platinum, and studded jewellery. Launched in 2011 as a digital-first, direct-to-consumer brand, it has evolved into an omnichannel retailer. The company operates advanced manufacturing facilities to support its scale and product range.
Additional Information
The full press release is also available on the company's website at: https://www.bluestone.com/investor-relations.html
For investor relations inquiries, contact was provided for BlueStone and its investor relations advisors at EY LLP: Diwakar Pingle, Rhea Dharia, and Avantika Mishra.