BLUESTONE JEWEL LFSTL LTD

BlueStone Jewellery and Lifestyle Limited reported a strong start to Q1 FY27, with revenues increasing by 49% year-on-year to INR 733 crores and pre-Ind AS EBITDA rising 135% to INR 55 crores, resulting in an operating margin of 7.5%. Management highlighted the importance of design and technology in the jewellery sector, noting that over 80% of sales originate online. The company emphasized its focus on the non-wedding segment, which is gaining traction. Same-store sales growth was reported at 39%, indicating strong performance across mature stores. Management acknowledged a temporary demand softening due to a gold import duty hike but noted a recovery in June and July. The repeat revenue contribution increased to 60%, while new customer additions decreased to around 40,000 per quarter. Management set a goal of achieving approximately 30% same-store sales growth over the next four years, alongside distribution growth to reach INR 12,000 crores in revenue.

Management emphasized strong growth and operational leverage in the business.