BlueStone shares jump 20% after 3rd straight profitable quarter
Business
BlueStone Jewellery's stock shot up 20% to ₹732.45 on Tuesday, thanks to its third straight profitable quarter.
The Bengaluru-based brand pulled in ₹737 crore revenue for Q1 FY27, a big 49% jump from last year's ₹493 crore.
BlueStone flips loss to ₹6cr profit
BlueStone turned last year's ₹35 crore loss into a ₹6 crore profit this quarter, while EBITDA nearly doubled to ₹110 crore with improved margins.
The company also opened 12 new stores, now totaling 352 outlets across 139 cities, nearly one-half in smaller towns, showing they're betting big on reaching more people.
Since its August last year market debut at ₹510 per share, BlueStone's stock is up over 41%.