BlueStone Q1 FY26: Loss Narrows Sharply, Revenue Jumps 41%.
BlueStone Jewellery and Lifestyle posted a strong revenue performance in its first quarterly results since listing, with profitability showing clear signs of improvement. Revenue from operations grew 41% YoY to ₹492.7 crore in the June 2025 quarter, compared to ₹348.2 crore a year ago. Sequentially, revenue was also up from ₹461.3 crore in March 2025, driven by robust same-store sales and omni-channel expansion. The company reported a net loss of ₹34.7 crore in Q1 FY26, narrowing significantly from a ₹59.2 crore loss in June 2024 and ₹51.3 crore in the previous quarter. Management highlighted that part of the reported impact on PAT stemmed from non-cash items, including lease costs and ESOP charges. EBITDA showed a sharp turnaround, with adjusted standalone EBITDA rising 630% YoY, supported by operating leverage in marketing, corporate expenses, and manufacturing. Margins expanded by 1358 bps, underscoring improved efficiencies. Total expenses rose 29% YoY to ₹538.5 crore from ₹418.4 crore, broadly in line with revenue growth. In Short: BlueStone’s first results as a listed company highlighted both robust revenue momentum and significant loss reduction, showcasing the profitable scalability of its business model.

















