BlueStone turns profitable in Q1 as revenue rises 49.6% and store network reaches 352
BlueStone posted ₹736.8 crore in Q1 revenue and a ₹6 crore profit, versus a loss a year earlier. The jewellery retailer added 12 stores, with repeat buyers contributing about 60% of sales, and is targeting ₹12,000 crore in revenue within four years.
BlueStone reported 49.6% revenue growth and its first profitable quarter, added 12 stores and deepened repeat purchases despite gold-price pressure. It plans tier-II and tier-III expansion, targeting ₹12,000 crore revenue and 15% operating margins within four years.
Why this matters
The results reinforce the recent signal that BlueStone swung to a ₹6 crore Q1 profit as income rose 49%, while adding stores and relying on repeat customers for most sales.
Retail-company signals are accelerating, up 961300% quarter over quarter.
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