Omnichannel jewellery retailer BlueStone reported a strong 48% year-on-year growth in revenue to ₹681 crore in Q4 FY26, while posting a net profit of ₹31 crore, according to its filings.
The company had recorded ₹461 crore revenue in Q4 FY25, highlighting robust demand across its jewellery portfolio.
For the full financial year ended March 2026, BlueStone reported a 38% increase in revenue to ₹2,436 crore, up from ₹1,770 crore in FY25. Notably, the company turned profitable for the year, reporting a net profit of ₹13 crore, compared to a loss of ₹222 crore in the previous fiscal.
BlueStone derives its revenue primarily from the sale of diamond, gold, platinum, gemstone, and pearl jewellery, although it did not disclose a segment wise revenue breakup for the quarter. The company also recorded ₹15 crore in non-operating income, taking total revenue to ₹697 crore.
On the cost side, raw material costs remained the largest expense, accounting for 58% of total expenditure, rising 36% year-on-year to ₹384 crore. Employee benefit expenses also increased 32% to ₹73 crore, while total expenses grew 24% to ₹664 crore during the quarter.
Despite rising costs, revenue growth outpaced expenses, leading to back-to-back quarterly profitability, with BlueStone reporting a profit compared to a ₹51 crore loss in Q4 FY25.
However, on a sequential basis, profit declined 55% from ₹69 crore in Q3 FY26, indicating some margin pressure.
BlueStone’s shares closed at ₹546.6, taking its market capitalisation to ₹8,321 crore (~$895 million).
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