BlueStone Q2 FY27 Revenue Soars 43.9% YoY to ₹738 Crore; Profit Turns Positive
BlueStone Jewellery and Lifestyle Limited reported Q2 FY27 revenue of ₹738.1 crore (₹7,381 Mn), up 43.9% YoY. Pre-IndAS EBITDA surged 234.2% YoY to ₹53.5 crore (₹535 Mn). Adjusted PAT turned positive at ₹19.6 crore (₹196 Mn), a turnaround from a loss in Q2 FY26. The company added 27 stores, expanding its network to 379.
The substantial year-on-year growth in revenue, significant EBITDA improvement, and positive shift to profit are material financial events that are likely to have a high impact on investor sentiment and the company's valuation.
The company reported strong revenue growth, significant improvement in EBITDA and a turnaround to profitability, indicating positive financial performance.
BlueStone Jewellery and Lifestyle Limited reported its financial results for the quarter ended September 30, 2026 (Q2 FY27), showcasing significant year-on-year growth. Revenue for the quarter stood at ₹738.1 crore (₹7,381 million), marking a substantial increase of 43.9% compared to the same period last year. The company also reported a positive Adjusted Profit After Tax (PAT) of ₹19.6 crore (₹196 million), a significant turnaround from a loss of ₹26.8 crore (₹268 million) in Q2 FY26.
Pre-IndAS EBITDA for Q2 FY27 was reported at ₹53.5 crore (₹535 million), a 234.2% increase year-on-year, with an improved EBITDA margin of 7.3%. For the first half of FY27 (H1 FY27), revenue grew by 46.3% to ₹1,471.3 crore (₹14,713 million), and Pre-IndAS EBITDA increased by 175.1% to ₹108.3 crore (₹1,083 million).
The company highlighted strong business momentum, with Same-Store Sales Growth (SSSG) at 28% year-on-year for the quarter. A key focus has been on entry-level price points, with a redesigned range showing early signs of success, contributing to a larger share of revenue from new customers. Repeat customers contributed 56% of revenue, up from 51% a year ago.
BlueStone expanded its retail presence by adding 27 stores in Q2 FY27, bringing the total store count to 379 across 146 cities. A new flagship store was opened on Park Street, Kolkata. Advertising and marketing (A&P) spend grew modestly by 5.7% year-on-year, representing 6.0% of sales, reflecting scale benefits and a focus on ROI-driven investments.
The company's financial performance reflects operating leverage, with the business scale now flowing through to the bottom line. Gross debt increased to ₹8,919 million from ₹6,995 million in the previous quarter, while net debt stood at ₹5,395 million.
What to do with a filing like this
BlueStone Jewellery and Lifestyle Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by BlueStone Jewellery and Lifestyle Limited. Read the original for the full detail.