Bluestone Jewellery Shares Fall 9% After Slower Exit Revenue Growth in Q3 FY26

Bluestone Jewellery and Lifestyle witnessed a steep decline in its share price in Friday’s trading session after reporting a dip in exit revenue growth for the third quarter of the current financial year. 

While the company returned to profit and posted strong year-on-year revenue growth, market participants appeared cautious about the pace of revenue momentum, leading to selling pressure in the stock.

Bluestone Share Price Performance

Bluestone Jewellery and Lifestyle shares fell as much as 8.9% to ₹430.10 on the National Stock Exchange. The stock had earlier touched a 52-week low of ₹421 on 21 January. In the latest trading session, the share price stood at ₹429.55, down ₹44.00 or 9.26%.

The stock opened at ₹482.00 and moved between a high of ₹506.85 and a low of ₹427.00. The previous closing price was ₹475.00.

Q3 FY26 Financial Performance

During the third quarter, Bluestone posted a net profit of ₹69 crore, compared with a loss of ₹27.2 crore in the corresponding quarter last year. The improvement reflects a recovery in earnings, supported by better operating performance and sales traction across business segments.

Revenue Growth Trends

Revenue for the quarter increased 27.5% year-on-year to ₹748.6 crore from ₹587 crore in the same period last year. The growth was driven by higher customer engagement and demand across the company’s jewellery and lifestyle product portfolio. 

However, the company reported a moderation in exit revenue growth, which contributed to market concerns despite the overall annual growth trend.

Stock Performance Since Listing

Since its listing on 19 August 2025, Bluestone Jewellery and Lifestyle shares have declined 15.94%. Over the same period, the Nifty 50 index recorded a gain of 0.86%, indicating underperformance of the stock relative to the broader market.

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Conclusion

Bluestone Jewellery’s Q3 results reflect a return to profitability and steady year-on-year revenue growth. However, concerns around the slowdown in exit revenue growth influenced investor sentiment in the near term. Market participants may continue to monitor demand trends, revenue momentum and execution consistency in upcoming quarters.

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