BlueStone Swings To Profit One Year Post-IPO, Posts ₹26 Cr FY26 PAT On ₹2,441 Cr Revenue

Lab-grown jewellery brand BlueStone has turned the corner a year after its discounted IPO, swinging from a ₹221.8 Cr FY25 loss to a ₹26 Cr FY26 profit on 38% YoY revenue growth. Q4 PAT hit ₹31.2 Cr with 34% SSSG, as the 340-store, 134-city omnichannel network matures into India's lifestyle-jewellery shift.

— Source publishedMon, 22 Jun, 2026, 07:00 IST·First seen Mon, 22 Jun, 2026, 11:08 IST·Source Inc42 · Buzz

What happened

One year post-IPO, BlueStone has turned profitable with ₹26 Cr FY26 PAT on ₹2,441 Cr revenue, 34% same-store sales growth, and 340 stores. Analysts cite

Key facts

  • ₹221.8 Cr FY25 net loss
  • ₹31.2 Cr Q4 FY26 profit
  • ₹2,441.2 Cr FY26 revenue
  • 38% YoY revenue growth
  • 340 stores
  • 134 cities
  • 34% SSSG Q4
  • 15,000 designs
  • 95% in-house production
  • $130-140 Bn jewellery market by 2029

Why this matters

A profitable, scaled (₹2,441 Cr) omnichannel lab-grown brand with 134-city footprint is now a credible consolidation anchor or premium acquisition target for legacy jewellers seeking instant lifestyle-segment entry.

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