Bluestone Jewellery & Lifestyle has significantly narrowed its net loss in Q1 FY26 to ₹34.7 crore, a 41.3% reduction from ₹59.2 crore in the same quarter last year. This marks the company’s first earnings release since its IPO and indicates positive momentum.
Revenue from operations soared 41% year-on-year to ₹492.7 crore, compared to ₹348.2 crore in Q1 FY25. The strong growth was fueled by both online strength and aggressive store expansion—adding 17 new outlets, raising the total to 292.
On the cost front, total expenses grew 29% to ₹538.5 crore, driven by higher employee benefits and store operations. However, thanks to efficient cost management, adjusted EBITDA surged by 630%, delivering a major margin expansion of 1,358 basis points. CEO Gaurav Singh Kushwaha attributed these results to “operating leverage across marketing, corporate costs, and manufacturing efficiencies.”
This stellar operational trajectory enabled Bluestone to turn cash-positive by ₹1.7 crore, a shift from a ₹36 crore cash loss a year ago. The company’s shares responded positively, closing 1.65% higher at ₹565 on the BSE.
Why It Matters
- Strong Revenue Rebound
41% YoY growth in revenue demonstrates the success of Bluestone’s omnichannel strategy and expansion drive. - Path to Profitability
A 41% reduction in losses and RPM surge reflect improved operational efficiency and scalability. - Healthy Cash Flow Transition
Turning cash-positive for the first time is a key milestone post-IPO, showcasing financial resilience. - Expansion Fueling Growth
Adding 17 new stores in a quarter underscores Bluestone’s physical retail momentum as a growth lever. - Investor Confidence Building
Positive investor response in the stock price post-earnings highlights renewed market trust in Bluestone’s potential.
