Strong Revenue Growth Fuels Profit Turnaround
The company's return to profitability was powered by significant improvements in its operations. EBITDA for the quarter jumped to ₹126 crore from ₹27 crore in the prior year, boosting the EBITDA margin to 18.4% from 5.8%. This enhanced margin reflects improved operating efficiency and growing leverage.
Operational Gains and Store Expansion Drive Growth
Complementing its operational gains, BlueStone expanded its physical footprint significantly in fiscal year FY26, adding 65 new stores. This growth brings its total store count to 340 across 134 cities, supporting its omnichannel approach. The company also saw strong same-store sales growth of 34% year-on-year in the quarter.
CEO Sees 'Inflection Point' Amid Consumer Demand
Gaurav Singh Kushwaha, CEO of BlueStone, called the company's first full year of reported net profit an 'inflection point.' He attributed this success to strong growth momentum, with retail sales growing 49% year-on-year in the quarter and 38% for FY26. Kushwaha pointed to resilient consumer demand, driven by a preference for design-led jewelry and increased omnichannel engagement.
Kushwaha further emphasized the company's operating leverage, which contributed to an adjusted EBITDA growth of 277.3% year-on-year for FY26. BlueStone generated a standalone cash profit of ₹82 crore for the quarter, indicating healthy internal cash generation. BlueStone Jewellery and Lifestyle Ltd shares closed up 1.64% at ₹551.15 on the BSE on April 23.
