BlueStone Slips Into ₹4.4 Cr Loss In Q2, Revenue Jumps 45% YoY
BlueStone, an omnichannel jewellery retailer, posted mixed results for Q2 FY27: operating revenue grew 45% year-on-year to ₹745 Cr, though the company reported a consolidated net loss of ₹4.4 Cr versus a ₹6 Cr profit in the prior quarter. The loss narrowed significantly from ₹52.1 Cr in the year-ago quarter. The company is funding expansion through a board-approved ₹300 Cr non-convertible debenture offering to refinance debt and fund capex. Store count reached 379 locations across 146 cities, with 68 new stores added over the past year, with expansion focused on Tier II and III markets.
Key points
- Revenue grew 45% YoY to ₹745 Cr despite reported net loss of ₹4.4 Cr in Q2
- Store network expanded to 379 locations; customer base crossed 10.24 Lakh with 56.3% repeat revenue contribution
- Board approved ₹300 Cr fundraise via NCDs for debt refinancing and capex
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