BlueStone targets 15% EBITDA margin as maturing stores fuel growth

BlueStone Jewellery reported ₹736 crore in April-June revenue and aims to double pre-Ind AS EBITDA margin from 7.5% to about 15% over four years. The retailer plans to add 70-80 stores annually while improving inventory turns at mature outlets.

— Filed Tue, 21 Jul, 2026, 12:00 IST · Source CNBC-TV18 · Companies · Updated

BlueStone Jewellery expects maturing stores and operating leverage to lift pre-Ind AS EBITDA margin from 7.5% to about 15% within four years. It plans to add 70-80 stores annually, supported by cash profitability, while improving inventory turns and omnichannel customer retention.

Why this matters

BlueStone recently appeared in June 10 watchlists alongside Dixon Technologies and then slipped 6.5% after early backers sold a ₹300 crore stake.

Retail-company signals are accelerating, up 946400% QoQ.