BlueStone targets ₹12,000 Cr revenue by FY30, nearly 5X FY26 base
Omnichannel jeweller guides to ₹12,000 Cr revenue and 14.7% EBITDA margin by FY30, up from ₹2,486 Cr and 7.4% in FY26. Store count to more than double from 340 to 706 across 134+ cities, with 52% in Tier II/III. FY26 swung to ₹26 Cr PAT vs ₹219 Cr loss; AOV ₹66K, repeat rate 54.5%.
Omnichannel jewellery brand BlueStone targets ₹12,000 Cr revenue and 14.7% EBITDA margin by FY30, nearly 5X FY26's ₹2,486 Cr. Plans to scale stores from 340 to 706, with 52% in Tier II/III cities, despite gold-price headwinds slowing expansion.
Why this matters
BlueStone's FY30 roadmap signals an aggressive scale-up after turning profitable in FY26, leveraging omnichannel expansion and deeper Tier II/III penetration to chase 5X revenue growth.
Retail-brand activity steady with 951 signals in last 90 days.