Jewellery retailer BlueStone reported a 45% year-on-year increase in revenue from operations to Rs 745 crore in the second quarter of FY27. Meanwhile, its net loss narrowed by 91.6% to Rs 4.37 crore.
According to the company’s unaudited consolidated financial statements filed with the National Stock Exchange (NSE), the Bengaluru-based retailer recorded revenue from operations of Rs 514 crore in Q2 FY26. For the first half of FY27, revenue from operations grew 47.3% to Rs 1,482 crore from Rs 1,006 crore in the corresponding period last year.
Jewellery sales remained BlueStone’s primary revenue driver. Additionally, the company generated Rs 24 crore in other income during Q2 FY27, taking total income to Rs 769 crore, compared with Rs 525 crore in the year-ago quarter. Total income had stood at Rs 752 crore in Q1 FY27.
On the expenditure front, material costs continued to account for the largest share, rising 51.4% year-on-year to Rs 470 crore. Employee benefit expenses reached 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 also rose from Rs 745 crore in Q1 FY27.
Despite the increase in expenses, the company significantly reduced its net loss to Rs 4.37 crore in Q2 FY27, compared with Rs 52 crore in the corresponding quarter last year. However, BlueStone had reported a net profit of around Rs 6 crore in Q1 FY27.
For H1 FY27, the jewellery retailer recorded a net profit of Rs 1.59 crore, marking a turnaround from the net loss of Rs 86.85 crore reported in H1 FY26.
Separately, in September 2026, BlueStone appointed CarDekho Group CEO and co-founder Amit Jain as a non-executive independent director.
At the close of the latest trading session cited in the report, BlueStone shares stood at Rs 760.45 apiece, giving the company a market capitalisation of Rs 11,305 crore.
