BlueStone Jewellery and Lifestyle Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
BlueStone reported Q1 FY27 revenue growth of 49% year-on-year to INR 733 crores, with pre-Ind AS EBITDA rising 135% to INR 55 crores and operating margin expanding to 7.5%. Management said same-store sales growth was 39% and repeat revenue contribution rose to about 60% of the business. The quarter included the impact of the customs duty on gold increasing from 6% to 15%, and management described demand softening in May before recovering through June and into July.
BlueStone reported standalone revenue growth of 49.1% year-on-year for Q4 FY26 and full-year FY26 revenue of INR 2,441 crores, with same-store sales growth of 34% for the quarter. The company added 17 stores in Q4 and 65 stores for the full year, ending March 2026 with 340 stores across 134 cities, of which 67 are franchisee stores. Management discussed the impact of sharp gold price increases on inventory valuation, margins and product mix, and addressed questions on ESOP costs, store economics, and capital structure.