BlueStone Q2FY26 Earnings Results: Posted 37% Revenue Growth and Positive Cash Profit

BlueStone Jewellery and Lifestyle Limited reported impressive standalone results for Q2FY26, driven by strong festive demand and steady store expansion. The company’s revenue from operations grew 37% year-on-year to ₹5,131 million, compared to ₹3,734 million in Q2FY25.

The adjusted EBITDA rose sharply by 1312% YoY to ₹714 million, with margins expanding to 13.9%, a jump of 1255 basis points from last year. BlueStone also achieved a positive cash PAT of ₹61 million, turning around from a cash loss of ₹536 million in Q2FY25.

BlueStone Jewellery Half-Year Performance Highlights

For the first half of FY26, the company reported revenue of ₹10,057 million, up 39% YoY, while adjusted EBITDA stood at ₹1,543 million, up 840% compared to H1FY25. Margins improved significantly to 15.3% from 2.3% last year.

CEO’s Remarks

Commenting on the results, CEO Gaurav Singh Kushwaha said the strong performance reflects BlueStone’s focus on execution and its robust business model. He highlighted that festive season demand and the company’s expanding retail presence supported growth despite a high base in the previous year.

About BlueStone Jewellery and Lifestyle Limited

Founded in 2011, BlueStone is a digital-first, direct-to-consumer jewellery brand known for its modern, design-led collections in gold, diamond, and platinum jewellery. Over the years, it has evolved into an omnichannel retailer, operating through its website, mobile app, and an expanding network of physical stores across India. The company also runs advanced manufacturing facilities to support its growing product range.

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BlueStone Jewellery and Lifestyle Share Price Movement

On November 4, 2025, Bluestone Jewellery and Lifestyle share price (NSE: BLUESTONE) closed 0.47% higher at ₹714.40, gaining ₹3.35 for the day. The stock opened at ₹711.10, touched an intraday high of ₹719.40, and a low of ₹706.00 during the session. Bluestone currently commands a market capitalisation of ₹10,770 crore. The stock has traded between a 52-week high of ₹793.00 and a 52-week low of ₹508.10. 

Conclusion

BlueStone’s Q2FY26 results highlight a strong recovery and sustained growth momentum. With expanding margins, positive cash flows, and increasing offline presence, the company is well-positioned to strengthen its leadership in India’s premium jewellery retail market.

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