BLUESTONE Q2: REVENUE UP 44% YOY; EBITDA SURGES 127%

BLUESTONE Q2: REVENUE UP 44% YOY; EBITDA SURGES 127%, FOURTH CONSECUTIVE PROFITABLE QUARTER

• REVENUE GROWTH: Revenue up 43.9% YoY, with jewellery revenue rising 46.3% to ₹1,471 Cr • EBITDA GROWTH: EBITDA surged 127% YoY to ₹97.1 Cr, marking the fourth consecutive profitable quarter • SAME-STORE SALES: Strong SSSG of 32.9%, indicating robust demand across existing stores • CUSTOMER GROWTH: Customer base crossed 10 lakh, up 19.3% YoY; repeat customers contributed 56.3% of revenue vs 51.4% last year • STORE EXPANSION: Network reached 379 stores across 146 cities, adding 68 stores and entering 19 new cities YoY • TIER 2 & 3 EXPANSION: All 7 cities entered during Q2 FY27 were Tier 2 and Tier 3 markets • H1 PERFORMANCE: EBITDA more than doubled to ₹203 Cr, with margin expanding 422 bps YoY to 14.1% Impact: Positive — Strong revenue growth, robust same-store sales, expanding margins and sustained profitability highlight healthy demand and improving operating leverage, while aggressive Tier 2 and Tier 3 expansion strengthens the company’s growth runway.