Quarterly Updates22 Jan 2026, 05:31 pm
BlueStone Reports Significant Operating EBITDA and Margin Expansion in Q3 FY26
AI Summary
BlueStone Jewellery and Lifestyle Ltd. has reported a milestone quarter with significant operating EBITDA and margin expansion, demonstrating the operating leverage of the business model. The operating margins (Pre-IND AS excl. inventory gains) for the quarter stood at a solid 12.1%, with Q8FY26 standalone revenues at INR 7479mn, up 27.4% year-on-year. The Pre-IND AS EBITDA (excl. inventory gain) for the quarter was at INR 908mn, a margin of 12.07%, up 516bps YoY.
Key Highlights
- Operating margins (Pre-IND AS excl. inventory gains) for the quarter at 12.1%
- First full quarter of reported PAT of INR 715mn and Non-GAAP PAT (ex ESOP) of INR 944mn
- Q8FY26 standalone revenues at INR 7479mn, up 27.4% year-on-year
- Pre-IND AS EBITDA (excl. inventory gain) at INR 908mn, a margin of 12.07%, up 516bps YoY
- Store cohorts moving in better productivity buckets, with 150 stores trending towards productivity levels of INR 1I00mn annualised revenue per store per month