BlueStone Jewellery and Lifestyle Limited has issued a corrigendum to its Investor Day 2026 presentation, rectifying specific financial metrics and market projections while maintaining its ambitious growth roadmap. The company continues to target a 50% compound annual growth rate (CAGR) by FY30, driven by its integrated omnichannel model and matured store cohorts. The revised presentation, submitted to the exchanges on June 4, 2026, corrects the revenue base for FY26 to ₹2,342 Cr and adjusts the Average Order Value (AOV) for FY22 to ₹27.9k.

The company outlined its strategy during the Investor Day 2026 meeting held in Mumbai on June 3, 2026. The presentation emphasized that the jewellery market is evolving from a value-storing asset to a medium for expressing individuality, with the organised sector projected to capture 43-47% market share by 2029 from 30% in 2019. BlueStone attributes its expected scalability to a technology-integrated approach rather than a layered one, employing AI, ML, and real-time data across design feedback, inventory efficiency, and omnichannel conversion.

Financial and Operational Metrics

The presentation provided specific data points illustrating the company’s unit economics and capital efficiency, with the corrigendum ensuring accuracy in the reported figures.

Strategic Drivers

BlueStone’s financial projections indicate that scale and vintage will drive significant operating leverage. The margin roadmap details that store-level Pre IndAS EBITDA margins are expected to expand from 18.6% in FY26 to 20.7% in FY30. This expansion is supported by a reduction in below-store costs, specifically advertising and promotion efficiency, and corporate cost leverage. The presentation highlighted that older store cohorts do not plateau but compound, with Same Store Sales Growth (SSSG) targets for FY30 set at 30%.

The strategy focuses on "Retail Expansion" within cities rather than just across them, aiming to deepen market penetration. The company noted that the role of jewellery is shifting towards new materials and combinations, requiring a consumer-connected approach to design and delivery. Gaurav Singh Kushwaha, Managing Director, signed the intimation regarding the submission of the revised presentation to the exchanges.

BlueStone Jewellery and Lifestyle Limited shareholders have approved a one-time special bonus and an increase in remuneration for Managing Director and Chairman Gaurav Singh Kushwaha. The resolutions were passed through a postal ballot process that concluded on May 30, 2026, with the requisite majority required under the Companies Act, 2013. The approvals grant the company leadership the authority to implement the financial changes for the senior executive.

The postal ballot notice was dated April 23, 2026, and the remote e-voting period commenced on May 01, 2026, and ended on May 30, 2026. The scrutinizer, Mitesh J. Shah of Mitesh J. Shah & Associates, validated the process and reported the outcomes to the Board. A total of 40,195 shareholders were on record as of the cut-off date of April 24, 2026.

The first resolution sought approval for the grant of a one-time special bonus to Mr. Kushwaha. This special resolution received significant support from the public shareholders, although some institutional investors voted against it. The resolution was passed with 97.38% of the total votes polled in favour.

The second resolution proposed an increase in the remuneration of Mr. Kushwaha. This resolution also passed with a strong majority, securing 99.99% of the votes polled. Public institutions supported this resolution entirely, unlike the previous item where a small portion voted against it.

The detailed voting patterns reveal that the Promoter and Promoter Group held 24,761,977 shares and voted 100% in favour of both resolutions. Public Institutions, holding 103,076,072 shares, cast 84,861,800 votes for the bonus resolution and 88,820,820 votes for the remuneration increase. Public Non-Institutions, holding 24,393,316 shares, participated with 3,992,668 votes for the bonus and 3,993,018 votes for the remuneration hike.

The scrutinizer's report confirmed that the results were declared on June 01, 2026, following the unblocking of votes from the NSDL e-voting system. The company stated that the relevant records relating to the postal ballot have been sealed and handed over to the Company Secretary for safekeeping.