BlueStone Jewellery and Lifestyle has reported a 41 percent decline in quarterly loss at Rs 34.7 crore in the June quarter of FY26 compared to a loss of Rs 59.2 crore in the same period a year ago, and a loss of Rs 51.3 crore in the previous quarter, regulatory filings showed on September 4.
This is the company’s first quarterly results announcement since listing on the bourses last month.
The management indicated that some of the reported impact on profit after tax (PAT) came from non-cash items, including lease costs and ESOP charges.
The jewellery maker also reported a 41 percent rise increase in revenue from operations at Rs 492.7 crore during the quarter, up from Rs 348.2 crore in the year ago period. It had reported a revenue of Rs 461.3 crore a quarter ago.
The total expense grew 29 percent to Rs 538.5 crore in Q1 FY26 from Rs 418.4 crore in the June quarter a year ago. BlueStone’s total expenses in the previous quarter came in at Rs 533.6 crore.
“...revenues grew 41 percent year-on-year, driven by healthy same-store sales growth and the continued expansion of our omni-channel footprint,” BlueStone CEO Gaurav Singh Kushwaha said.
Singh added that BlueStone delivered a meaningful profitability improvement, with standalone adjusted EBITDA up 630 percent and margins expanding by 1358 bps, reflecting operating leverage across marketing, corporate costs and manufacturing efficiencies.
“These results underscore the profitable scalability of our business model, and this balance of growth with improving profitability gives us confidence in delivering sustainable long-term outcomes for our stakeholders,” he added.
BlueStone’s first quarterly performance as a listed company showed the profitable scalability of its business model. On September 4, BlueStone's shares on BSE closed 1.65 percent higher at Rs 564.9 apiece.
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