BlueStone appoints CarDekho CEO Amit Jain as independent director

The omnichannel jewellery retailer has named CarDekho co-founder and CEO Amit Jain a non-executive independent director, replacing Sameer Dileep Nath. BlueStone added 12 stores in Q1 FY27, taking its network to 352 outlets across 139 cities.

— FiledWed, 16 Sept, 2026, 12:08 IST·First seen Wed, 16 Sept, 2026, 12:07 IST·Source Entrackr

What happened

BlueStone appointed CarDekho co-founder and CEO Amit Jain as a non-executive director, replacing Sameer Dileep Nath. The omnichannel jeweller added 12 stores in

Key facts

  • Effective September 14, 2026
  • 15th AGM
  • 12 stores added in Q1 FY27
  • 352 stores across 139 cities
  • 12,660+ PIN codes served
  • Nearly half of stores in Tier II and Tier III markets
  • Q1 FY27 operating revenue: Rs 737 Cr, up 49% YoY
  • Q1 FY27 net profit: Rs 6 Cr
  • Q1 FY26 net loss: Rs 35 Cr

Why this matters

BlueStone’s addition of CarDekho CEO Amit Jain could sharpen access to consumer-tech insight and strategic partnership opportunities as the jewellery retailer scales omnichannel.

What to watch

  • Quarterly store additions, especially the mix of metro versus tier-2 and tier-3 city openings.
  • Same-store sales growth, new-store ramp time and sales per store as the 352-outlet base grows.
  • Digital traffic-to-appointment, appointment-to-purchase and online-to-offline conversion disclosures.
  • Marketing expense trends relative to revenue and evidence of lower customer-acquisition costs.
  • Inventory turns, gross-margin stability and working-capital intensity during expansion.
  • New technology, CRM, financing, exchange or platform-partnership announcements linked to omnichannel growth.
  • Increase use of customer data to connect online browsing, appointment booking, store visits and post-purchase engagement.
  • Tighten store expansion scorecards around city-level demand, payback periods, local competition and inventory turns.
  • Build more digitally enabled store journeys, including virtual consultations, assisted design selection and online-to-store order fulfilment.
  • Prioritize repeat-revenue programs such as jewellery upgrades, exchange offers, loyalty benefits and occasion-based CRM.
  • Use the board addition to strengthen investor messaging around scalable omnichannel economics and governance.

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