BlueStone posts Rs 745 Cr revenue in Q2 FY27, narrows losses by 92%

Jewellery retailer BlueStone reported a 45% year-on-year growth in revenue from operations in the second quarter of financial year ending March 2027. At the same time, the company narrowed losses by 92% to Rs 4.37 crore during the quarter.

Bluestone’s revenue from operations rose to Rs 745 crore in Q2 FY27 from Rs 514 crore in Q2 FY26, according to its unaudited consolidated financial statements sourced from the NSE.

For the first half of FY27, Bluestone’s revenue from operations increased 47.3% to Rs 1,482 crore from Rs 1,006 crore in the corresponding period last year.

Income from the sale of jewellery remained the company’s primary source of revenue. The company also recorded Rs 24 crore in income apart from revenue from operations, taking its total income to Rs 769 crore in Q2 FY27, compared to Rs 525 crore in Q2 FY26. In Q1 FY27, total income stood at Rs 752 crore.

On the expenditure front, the cost of materials remained the largest cost centre at Rs 470 crore, up 51.4% year-on-year. Employee benefit expenses stood at Rs 70.58 crore, while finance costs and depreciation expenses stood at Rs 58.37 crore and Rs 63.87 crore, respectively.

Overall, Bluestone’s total expenditure increased 34% to Rs 772 crore in Q2 FY27 from Rs 576 crore in Q2 FY26. On a quarter-on-quarter basis, expenditure rose from Rs 745 crore in Q1 FY27.

At the bottom line, BlueStone narrowed its net loss by 91.6% to Rs 4.37 crore in Q2 FY27 from Rs 52 crore in Q2 FY26. The company had posted a profit of around Rs 6 crore in Q1 FY27.

The Bengaluru-based company reported a net profit of Rs 1.59 crore in H1 FY27, compared to a net loss of Rs 86.85 crore in H1 FY26.

In September 2026, BlueStone appointed CarDekho Group CEO and co-founder Amit Jain as a Non-Executive Independent Director.

At the end of the trading session, BlueStone shares closed at Rs 760.45 apiece, giving the company a market capitalisation of Rs 11,305 crore.

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