Jewellery retailer Bluestone continued its growth momentum in the first quarter of FY27, reporting a 49.5% year-on-year increase in revenue from operations. While the company remained profitable during the quarter, its bottom line came under pressure, with net profit plunging more than 80% compared to the preceding quarter. Bluestone’s revenue from operations increased to Rs 737 crore in Q1 FY27 from Rs 493 crore in Q1 FY26, according to its unaudited consolidated financial statements sourced from the NSE.On a quarter-on-quarter basis, Bluestone’s revenue grew 8.2% to Rs 737 crore in Q1 FY27 from Rs 681 crore in Q4 FY26. Income from the sale of jewellery remained the company’s primary source of revenue. The company also earned Rs 15 crore from non-operating activities, taking its total income to Rs 752 crore in Q1 FY27. On the expenditure front, the cost of materials remained the largest cost centre at Rs 436 crore, up 50.3% year-on-year. Employee benefit expenses stood at Rs 76 crore. Finance costs and depreciation expenses stood at Rs 55 crore and Rs 60 crore, respectively. Overall, Bluestone’s total expenditure increased 38.5% to Rs 745 crore in Q1 FY27 from Rs 538 crore in Q1 FY26. At the bottom line, Bluestone posted a profit of Rs 6 crore in Q1 FY27, compared to a loss of Rs 34.7 crore in Q1 FY26. However, its profit declined 80.8% when compared to the preceding quarter, where it posted a profit of Rs 31.2 crore.During the quarter ended June 2026, the company invested Rs 3 crore in its associate, Redefine Fashion Private Limited. It also allotted 1,70,416 equity shares, worth approximately Rs 10.4 crore, to employees upon the exercise of stock options under its ESOP scheme. At the close of today’s trading session, Bluestone’s shares settled at Rs 610.40, taking its total market capitalisation to Rs 9,138 crore. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
