BlueStone Targets ₹12,000 Cr Revenue, 706 Stores by FY30 in 5x Scale-Up
Omnichannel jeweller BlueStone guides to ₹12,000 Cr revenue and 14.7% EBITDA margin by FY30, nearly 5x FY26's ₹2,486 Cr. Plans to more than double footprint from 340 to 706 stores with 52% in Tier II/III cities. FY26 swung to ₹26 Cr PAT from ₹219 Cr loss; AOV at ₹66,000 across 9.4L customers.
What happened
Omnichannel jewellery brand BlueStone targets ₹12,000 Cr revenue and 14.7% EBITDA margin by FY30, nearly 5x FY26's ₹2,486 Cr. Plans to expand from 340 to 706
Key facts
- FY30 revenue target ₹12,000 Cr
- FY26 revenue ₹2,486 Cr
- FY26 PAT ₹26 Cr vs loss ₹219.2 Cr
- operating revenue ₹2,441.2 Cr (+38% YoY)
- 340 stores in 134 cities, target 706 by FY30
- 65 stores added in FY26
- AOV ₹66,000
- 9.4 Lakh customers
- EBITDA margin target 14.7% by FY30 vs 7.4% FY26
- share price +2.62% at ₹507.95
Why this matters
BlueStone's aggressive footprint expansion intensifies the omnichannel jewellery land-grab, raising the strategic cost of inaction for rivals and opening windows for bolt-on acquisitions in regional jewellers, lab-grown diamond brands, or Tier III distribution networks.