BlueStone Jewellery and Lifestyle Limited Earnings Summary — Q4 FY2026
BlueStone Achieves Quarterly Profitability and Revenue Milestone in Q4 FY2026
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue grew 8.1% sequentially in Q1 FY2027.
- Revenue of ₹737 Cr is 49.6% higher year-on-year.
- Revenue has compounded at 45.5% annualised over the last 10 quarters.
- Net profit of ₹7 Cr is 120.2% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Operating margin stands at 14.5% in Q1 FY2027.
- Operating margin expanded by 339 bps year-on-year.
- Over the last two years operating margin has expanded by 1393 bps.
- PBT margin is 0.8%.
- Expense growth of 43.9% remained below revenue growth of 49.6%.
- Operating profit of ₹107 Cr is 95.1% higher year-on-year.
- Operating leverage continues to improve.
- 5 of the last 5 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 67/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Strong Uptrend | 737 | 681 | 749 | 514 | 493 | 461 | 587 | 373 | 348 | — |
| Expenses | Improving | 630 | 557 | 584 | 473 | 438 | 436 | 537 | 378 | 346 | — |
| Operating Profit | Volatile | 107 | 124 | 165 | 40 | 55 | 25 | 50 | -4 | 2 | — |
| Operating Margin | Volatile | 14.5% | 18.3% | 22.0% | 7.8% | 11.1% | 5.4% | 8.5% | -1.2% | 0.6% | — |
| Other Income | Improving | 15 | 15 | 11 | 12 | 12 | 23 | 16 | 11 | 11 | — |
| Interest | Stable | 55 | 53 | 53 | 52 | 53 | 54 | 53 | 55 | 46 | — |
| Depreciation | Improving | 60 | 56 | 54 | 51 | 49 | 45 | 40 | 36 | 26 | — |
| Profit Before Tax | Volatile | 6 | 31 | 69 | -52 | -35 | -51 | -27 | -84 | -59 | — |
| Tax | Insufficient data | — | — | — | — | — | — | — | — | — | — |
| Net Profit | Volatile | 7 | 32 | 69 | -52 | -35 | -51 | -27 | -84 | -59 | — |
| Net Margin | Volatile | 0.9% | 4.7% | 9.2% | -10.1% | -7.0% | -11.1% | -4.6% | -22.6% | -17.0% | — |
Key Takeaways
- Delivered a quarterly net profit of ₹311.81 million, showing a significant turnaround from the same quarter last year which saw a loss of ₹512.77 million.
- Full-year FY2026 revenue reached ₹24,364.24 million, representing a 37.6% growth year-over-year compared to ₹17,700.02 million in FY2025.
- Successfully turned profitable on a full-year consolidated basis for the first time with a PAT of ₹131.79 million.
- Aggressive inventory buildup remains a key feature of the model, with year-end inventory reaching ₹26,718.09 million.
- Utilized ₹7,633.70 million of the ₹8,200 million IPO proceeds, primarily for working capital requirements.
- Board approved the allotment of 129,573 equity shares under the Employee Stock Option Plan 2014.
- Appointed M/s Sudit K.Parekh & Co. LLP as Internal Auditors for the upcoming financial year 2026-2027.
- Maintains a single operating segment focused on the design, manufacture, and sale of jewellery in the domestic Indian market.
Management Guidance
Management is focused on maintaining its digital-first omnichannel strategy and scaling the modern consumer segment while monitoring the impact of new Labour Codes estimated at an incremental ₹4.15 million.
Sentiment Shift
Improving
The transition from a substantial loss in FY2025 to a net profit in FY2026 across both quarterly and annual metrics indicates successful operational scaling.
Outlook
The company expects to continue its omnichannel expansion while aiming to optimize the heavy inventory cycle and stabilize operational margins as it matures post-listing.
From the Annual Report (Key Quotes)
“The consolidated audited financial results have been reviewed by the Audit Committee and approved by the Board... they have issued an unmodified conclusion.”
“The company has recovered an amount of Rs. 7,707.49 million (net of IPO expenses) from proceeds out of fresh issue of equity shares.”
“The figures of the quarter ended 31 March 2026 are the balancing figures between the audited figures in respect of the full financial year and year-to-date figures.”
Official Quarterly Documents
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This summary is AI-generated from BlueStone Jewellery and Lifestyle Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.
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