BlueStone Targets ₹12,000 Cr Revenue by FY30, Stock Jumps 7.6% on Bullish Broker Notes

BlueStone's investor day laid out a 50% CAGR path to FY30, doubling stores to 706 and lifting EBITDA margin from 7.4% to 14.7%. FY26 swung to ₹26 Cr profit from a ₹219 Cr loss, with repeat revenue at 54.5% across 940K customers. JM Financial set a ₹650 target as shares hit ₹546.85 intraday.

— Source publishedThu, 4 Jun, 2026, 12:51 IST·First seen Thu, 4 Jun, 2026, 12:52 IST·Source Inc42

What happened

BlueStone shares rose 7.6% after its investor day outlined a 50% CAGR target through FY30, ₹12,000 Cr revenue goal, and store expansion to 706. JM Financial and

Key facts

  • ₹546.85 intraday high
  • 7.6% stock rise
  • ₹8,181.7 Cr market cap
  • 50% CAGR target through FY30
  • ₹12,000 Cr FY30 revenue target
  • FY26 revenue ₹2,486 Cr
  • EBITDA margin 7.4% to 14.7%
  • 340 stores FY26 to 706 by FY30
  • FY26 net profit ₹26 Cr vs ₹219.2 Cr loss FY25
  • repeat revenue 54.5%
  • 940,000 customers
  • AOV ₹66,000
  • JM target ₹650
  • 95% in-house manufacturing

Why this matters

BlueStone's aggressive footprint and margin trajectory raises the bar for omnichannel jewellery competitors and could pressure smaller regional chains into consolidation or partnership conversations.

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