BLUESTONE BlueStone Jewellery and Lifestyle Q2 FY27 results (Jul–Sep 2026) and concall
BlueStone reported 44% YoY revenue growth to ₹738 crores, EBITDA more than doubled, and it was the fourth consecutive standalone profitable quarter. About 29 percentage points of the growth came from higher average order value as gold prices rose, alongside SSSG of about 28%. The company also passed 1 million customers, opened 27 stores and entered 7 Tier-2/3 cities. Management expects growth to shift toward buyer growth as gold prices settle and the redesigned entry-level range gains traction, and says A&P intensity should fall from 5.7% to about 4.5% over four years. Analysts' main questions
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What they filed
Q2 FY27: revenue up 43.9%, net profit up 103.6% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 587 | 461 | 493 | 513 | 748 +27% | 688 +49% | 733 +49% | 738 +44% |
| EBITDA | 50 | 28 | 57 | 43 | 167 +233% | 129 +361% | 110 +95% | 97 +127% |
| Net profit | -27 | -49 | -33 | -49 | 71 +366% | 36 +175% | 11 +134% | 2 +104% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
