BlueStone targets ₹12,000 Cr revenue by FY30, nearly 5X FY26 base
Omnichannel jeweller guides to ₹12,000 Cr revenue and 14.7% EBITDA margin by FY30, up from ₹2,486 Cr and 7.4% in FY26. Store count to more than double from 340 to 706 across 134+ cities, with 52% in Tier II/III. FY26 swung to ₹26 Cr PAT vs ₹219 Cr loss; AOV ₹66K, repeat rate 54.5%.
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 scale stores from 340 to
Key facts
- FY30 revenue target ₹12,000 Cr
- FY26 revenue ₹2,486 Cr
- FY26 PAT ₹26 Cr vs loss ₹219.2 Cr
- FY26 EBITDA margin 7.4%, FY30 target 14.7%
- store count 340 across 134 cities, target 706 by FY30
- 65 stores opened in FY26
- AOV ₹66,000
- 9.4 Lakh customers
- repeat customers 54.5%
- share +2.62% at ₹507.95
Why this matters
An omnichannel jeweller credibly scaling to ₹12,000 Cr with mid-teen margins reshapes the competitive set against Tanishq and CaratLane, making BlueStone a strategic asset for partnerships, gold-financing tie-ups, or platform consolidation plays in Tier II/III jewellery retail.