BlueStone Q4 FY26 Earnings Call Transcript Available; Revenue Grows 49.1% YoY

1 min read     Updated on 30 Apr 2026, 09:54 AM
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BlueStone Jewellery and Lifestyle Limited has made the transcript of its Q4 FY26 earnings call held on April 24, 2026 available on its website. The company reported standalone revenue growth of 49.1% year-on-year for Q4 FY26, with full-year revenues reaching INR 2,441 crores. Same-store sales growth stood at 34% for the quarter. The company operated 340 stores across 134 cities as of March 2026, adding 65 stores during FY26. Management highlighted strong operating leverage and robust exit growth entering FY27, with plans to maintain approximately 20% annual distribution growth. The earnings call transcript is accessible under the Investors Relations section at www.bluestone.com.

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BlueStone Jewellery and Lifestyle Limited has announced that the transcript of its earnings call held on April 24, 2026 for Q4 FY 2025-26 is now available on the company's official website. The disclosure was made pursuant to Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transcript can be accessed under the Investors Relations section at www.bluestone.com under Investor updates -> 2025-2026 -> Q4.

During the earnings call, management highlighted that FY26 marked a milestone as the company's first full financial year as a listed entity. For Q4 FY26, standalone revenue grew 49.1% year-on-year, while the company delivered revenues of INR 2,441 crores for the full year. Same-store sales growth of 34% in Q4 demonstrated resilient consumer demand, with growth being broad-based across all three months of the quarter.

Key Operational Metrics

Particulars Details
Q4 FY26 Standalone Revenue Growth 49.1% YoY
FY26 Full Year Revenue INR 2,441 crores
Q4 Same-Store Sales Growth 34%
Total Stores (March 2026) 340 stores
Stores Added in FY26 65 stores
Cities Covered 134 cities
Franchisee Stores 67 stores

The company's omnichannel model continued to drive performance, with 340 stores operating across 134 cities as of March 2026. During FY26, BlueStone added 65 stores, including 17 stores in Q4 alone. Management noted that growth in non-metro cities like Ranchi and Lucknow demonstrated the ability to drive coverage and density with strong productivity beyond metros. Out of the total store portfolio, 67 are franchisee stores, with management indicating that the franchisee model will see a significant decline in FY27 and FY28 as existing five-year contracts are honoured.

Strategic Outlook

Looking ahead, management indicated plans to maintain approximately 20% annual distribution growth over the coming years. The company's vertically integrated model enabled rapid realignment of entry-level offerings to restore price accessibility without compromising design or experience. This recalibration, visible in Q4 performance, is expected to continue through FY27.

Regarding inventory management, management explained that the sharp increase in gold prices during FY26 led to a disproportionate increase in closing inventory value, impacting inventory turns. Mature stores with more than three to four years of operations show inventory turns hovering between 1.7 to 1.9. As gold prices stabilize, inventory efficiency is expected to improve.

Company Details

Particulars Details
Company Name BlueStone Jewellery and Lifestyle Limited
Formerly Known As BlueStone Jewellery and Lifestyle Private Limited
BSE Scrip Code Equity - 544484
NSE Symbol BLUESTONE, Series EQ
CIN L72900KA2011PLC059678

Contact Information

The registered office of the company is located at Site No. 89/2 Lava Kusha Arcade, Munnekolal Village, Outer Ring Road, Marathahalli, Bangalore - 560037. The corporate office is situated at 302, Dhantak Plaza, Makwana Road, Marol, Andheri East, Mumbai - 400 059, Maharashtra. For queries, stakeholders can contact the company at 080 4514 6904 or via email at statutorycompliance@bluestone.com . The earnings call transcript was signed by Gaurav Singh Kushwaha, Managing Director, on April 29, 2026.

Source: Company/INE304W01038/78060ad78fe64107.pdf

How will BlueStone's aggressive 20% annual store expansion target impact profitability and cash flow in the next fiscal year?

What competitive advantages will BlueStone leverage to maintain its 34% same-store sales growth momentum amid increasing market competition?

How might changes in gold prices and consumer spending patterns affect BlueStone's inventory management strategy and margin dynamics?

BlueStone Q4FY26: Profit Turnaround with 49% Revenue Growth & Margin Expansion

2 min read     Updated on 24 Apr 2026, 08:39 AM
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BlueStone delivered exceptional Q4FY26 performance with standalone net profit turnaround to ₹364 million and 49% revenue growth to ₹6.87 billion, while EBITDA margin expanded to 18.69%. For FY26, consolidated revenue grew 37.66% to ₹24.36 billion with profit turnaround from previous year's loss, alongside corporate governance appointments and ESOP allotments.

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BlueStone Jewellery and Lifestyle Limited announced the outcomes of its board meeting held on April 23, 2026, where directors approved the filing of audited financial results for FY26 with stock exchanges and made key corporate governance appointments. The meeting, which commenced at 9:00 AM IST and concluded at 4:05 PM, resulted in several significant decisions including regulatory filings and internal auditor appointments.

Q4FY26 Standalone Financial Performance

The company delivered exceptional standalone financial performance in Q4FY26, reporting a net profit of ₹364 million compared to a loss of ₹486 million in Q4FY25, marking a significant turnaround. Revenue from operations grew substantially to ₹6.87 billion in Q4FY26 from ₹4.60 billion in the corresponding quarter of the previous year, representing a growth of 49.35%.

Q4 Standalone Performance: Q4FY26 Q4FY25 Change
Net Profit: ₹364 million ₹(486) million Turnaround
Revenue: ₹6.87 billion ₹4.60 billion +49.35%
EBITDA: ₹1.30 billion ₹280 million +364.29%
EBITDA Margin: 18.69% 6.00% +12.69%

FY26 Annual Financial Performance Highlights

The audited financial results revealed significant operational improvements for FY26. On a consolidated basis, the company reported revenue from operations of ₹24,364.24 million for FY26 compared to ₹17,700.02 million in the previous year. The company achieved a consolidated profit after tax of ₹131.79 million for FY26, marking a substantial turnaround from the loss of ₹2,218.37 million in FY25.

Consolidated Performance: FY26 FY25 Change
Revenue from Operations: ₹24,364.24 million ₹17,700.02 million +37.66%
Profit After Tax: ₹131.79 million ₹(2,218.37) million Turnaround
Basic EPS: ₹1.10 ₹(79.74) Positive
Total Assets: ₹49,610.12 million ₹35,322.81 million +40.42%

On a standalone basis, the company reported revenue from operations of ₹24,412.30 million for FY26 and achieved a profit after tax of ₹260.00 million, compared to a loss of ₹2,192.14 million in FY25.

Audited Financial Results Filing and Regulatory Compliance

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the board approved the filing of standalone and consolidated audited financial results for Q4FY26 and FY26 with BSE and NSE. The company received unmodified audit opinions from statutory auditors M/s MSKA & Associates LLP for both standalone and consolidated financial statements.

Filing Details: Information
Audit Committee Review: Completed
Board Approval Date: April 23, 2026
Statutory Auditors: M/s MSKA & Associates LLP
Audit Opinion: Unmodified

Corporate Governance and ESOP Developments

The board approved the appointment of M/s Sudit K.Parekh & Co. LLP, Chartered Accountants as the Internal Auditors of the Company for FY27. Additionally, the board approved the allotment of 1,29,573 equity shares under the BlueStone Jewellery and Lifestyle Limited – Employee Stock Option Plan 2014 to eligible employees.

Corporate Actions: Details
Internal Auditors FY27: M/s Sudit K.Parekh & Co. LLP
ESOP Shares Allotted: 1,29,573 equity shares
Face Value: ₹1 per share
Updated Share Capital: ₹152,360,938

What strategic initiatives will BlueStone implement to sustain its 49% revenue growth momentum in FY27?

How will the company's improved financial position impact its expansion plans and market share in India's jewelry retail sector?

What factors could threaten BlueStone's ability to maintain its 18.69% EBITDA margin amid rising gold prices and supply chain pressures?

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