BlueStone Jewellery and Lifestyle Ltd Q4 FY26 Results
BLUESTONEQ4 FY26 ResultsAnnounced 23 Apr, 6:00 pm| Metric | Value (₹ Cr) | vs Q3 FY26 |
|---|---|---|
| Revenue | 681.47 | 9.0% |
| Total Income | 696.56 | 8.3% |
| Expenditure | 664.02 | 3.6% |
| PBT | 32.54 | 53.8% |
| Net Profit | 31.18 | 54.7% |
| OPM | 18.45% | 3.76pp |
| NPM | 4.48% | 4.59pp |
| EPS | 2.05 | 55.0% |
BlueStone Q4FY26 Revenue up 49% YoY to ₹688 Cr; First Full Year PAT
23 Apr 2026 · 23 Apr, 7:51 pm
Summary
BlueStone concluded FY26 with strong financial performance, reporting standalone revenue of ₹2,441.2 crores, a 37.9% increase year-over-year, and a robust Q4FY26 revenue of ₹687.7 crores, up 49.1% year-over-year. The company achieved its first full year of positive Reported PAT at ₹26.0 crores, a significant turnaround from previous losses, driven by a surge in Adjusted EBITDA to ₹492.5 crores for FY26. This was supported by substantial margin expansion, with Q4FY26 Adjusted EBITDA margin reaching 21.4% from 9.3% in Q4FY25. CEO Gaurav Singh Kushwaha highlighted this as an inflection point in profitability, attributing success to strong growth momentum, operating leverage, and resilience in demand for omnichannel engagement. The company looks forward to FY27 with superior exit growth rates and a continued focus on expanding consumer wallet share.
Key Highlights
- 1
BlueStone reported standalone revenue from operations of ₹687.7 crores for Q4FY26, demonstrating a robust 49.1% growth year-over-year.
- 2
For the full fiscal year 2026, standalone revenue reached ₹2,441.2 crores, increasing by 37.9% compared to the previous year.
- 3
Adjusted EBITDA for Q4FY26 surged by 243.1% year-over-year to ₹147.4 crores, resulting in a significant expansion of the Adjusted EBITDA Margin to 21.4%.
- 4
FY26 marked a significant milestone with the company achieving its first full year of positive Reported PAT at ₹26.0 crores, a substantial improvement from a loss of ₹(219.2) crores in FY25.
- 5
The company experienced strong Same Stores Sales Growth (SSSG) of 34% year-over-year during the fourth quarter of FY26.
- 6
BlueStone expanded its retail footprint by adding 65 new stores in FY26, bringing the total store count to 340 across 134 cities.
Management Comments
Gaurav Singh Kushwaha
This year marks a significant milestone as we delivered our first full-year of reported net profit, underscoring an inflection point in the Company’s profitability journey. This comes on the back of strong growth momentum reflecting in our 49% YoY revenue growth (Retail sales) for the quarter and 38% YoY for FY26. The demand environment continues to demonstrate resilience, underpinned by a structural shift toward omnichannel engagement and a growing consumer preference for design-led expression. Through this year we have demonstrated strong operating leverage in the business reflecting in our Adjusted EBITDA growth of 277.3% YoY for FY26. The quarter’s operating performance also reflects embedded leverage in the business. We generated a significant standalone cash profit of INR 82 crores for the quarter. We are a uniquely positioned scaled player in the category with our truly omni-channel customer experience and vertical integration that drives design differentiation. We are entering FY27 with superior exit growth rates (as seen in Q4FY26) and continue to be deeply focused on execution to expand consumer wallet share as well as bring in new consumers into our fold.
Informational and educational content only. Not investment advice.