Bluestone Q1 revenue jumps 49%, turns profitable
Revenue ₹733 cr (+49% YoY), same-store sales up 39%. Pre-IndAS EBITDA ₹55 cr (+135%), margin 7.5%. Adjusted net profit ₹14 cr vs loss of ₹21 cr. Results already known; filing is routine.
— 4 earlier stories on Bluestone Jewellery And Lifestyle Ltd. →What's new
- Revenue ₹733 cr (+49% YoY), same-store sales +39%
- Pre-IndAS EBITDA ₹55 cr (+135%), margin 7.5% (up 273 bps)
- Adjusted net profit ₹14 cr vs loss of ₹21 cr; 12 stores added
Why this matters
The numbers are strong: 49% revenue growth, 273 bps margin improvement, and a swing to profit. But this filing is a routine quarterly release; the market had already absorbed these figures. The real test is whether Bluestone can sustain 39% same-store growth and keep margins expanding.
What we're watching
- Can same-store sales sustain 39% growth?
- Will EBITDA margin push past 7.5% as stores mature?
- Store addition pace: 352 stores in 139 cities
The full read
Bluestone's Q1 numbers are strong: ₹733 cr revenue, 49% growth, 39% same-store sales, 273 bps margin improvement, and a swing from a ₹21 cr loss to a ₹14 cr profit. The company added 12 stores, bringing the count to 352 across 139 cities. Yet this filing is a formality — the same figures were reported on July 20. The market had already priced it in. The open question is whether Bluestone can maintain same-store growth above 39% and push margins past 7.5% without discounting. That is the next test.
Questions answered
- What drove the 49% revenue growth?
- Same-store sales contributed 39% and the rest came from new stores. Bluestone added 12 stores in Q1, taking the total to 352.
- How much did EBITDA improve?
- Pre-IndAS EBITDA rose 135% to ₹55 crore, with margins expanding 273 basis points to 7.5% from 4.8% a year ago.
- Did the company swing to profit?
- Yes. Adjusted net profit was ₹14 crore, compared to a loss of ₹21 crore in the same quarter last year.
- Is this result a surprise to the market?
- No. The numbers were already reported in media coverage on July 20, two days before this filing. The filing itself is a routine regulatory disclosure.
Bluestone Jewellery And Lifestyle Ltd.
Latest quarter · Jun 2026
Strength & growth
Story so far
All notes on BLUESTONE →- 20 Jul 2026 · 7:53 PM IST Bluestone Q1 revenue jumps 49%, turns profitable
- 2d ago Bluestone Q1 revenue jumps 49%, same-store sales up 39%
- 2d ago Bluestone swings to profit as Q1 revenue jumps 49%
- 2d ago Bluestone Q1 revenue jumps 49%, same-store sales up 39%
- 40d ago Nippon India MF lifts Bluestone stake past 5% mark