Bluestone Jewellery Q4: Strong Turnaround with Margin Expansion

Key Highlights • Net Profit: ₹32 Cr (vs ₹51 Cr loss YoY) • Revenue: ₹681.4 Cr (↑47.7% YoY) • EBITDA: ₹126 Cr (vs ₹27 Cr YoY) • EBITDA Margin: 18.4% (vs 5.8% YoY) What Stands Out • Clear turnaround from losses to profitability • Strong topline growth driven by demand and expansion • Significant margin improvement, indicating better operating leverage Why It Matters The sharp improvement across profitability metrics highlights scaling benefits and stronger business fundamentals in the jewellery retail segment. Learning Outcome Turnarounds often show rapid improvement in margins and profits. Investors should assess whether growth and profitability are sustainable over the long term.