StopDownOpen the app

Results · Commerce & Consumer Brands

BlueStone narrows Q1 net loss by 41% as revenue rises

By ·

Date
Company
BlueStone
What it does
Omnichannel fine jewellery retail brand
Kind
Results
Amount
₹492.6 Cr
Stage
ipo
Based in
Bengaluru
Founded
2011
Sector
Commerce & Consumer Brands

What they do

BlueStone is an omnichannel fine jewellery brand operating online portals and physical retail stores across India

What happened

The company reported a consolidated operating revenue of ₹492.6 crore for the June quarter, narrowing its net loss by 41.3% year-on-year to ₹34.7 crore

Why it matters

The results mark the company's maiden financial reporting period as a listed entity following its initial public offering on Indian stock exchanges

The details

  • Omnichannel jewellery retailer BlueStone reduced its net loss by 41.3% year-on-year to ₹34.7 crore for the quarter ending June 30.
  • The Bengaluru-based firm reported operating revenue of ₹492.6 crore, marking a 41.4% increase compared to ₹348.2 crore in the corresponding period last year.
  • Total expenses climbed 29% to ₹538.4 crore, driven primarily by a 51% jump in employee benefit expenses to ₹62.9 crore.
  • The retailer expanded its physical footprint by opening 17 new stores during the quarter, bringing its total store count to 292.
  • On a standalone basis, the company turned cash positive with ₹1.7 crore, contrasting with a cash loss of ₹36 crore in the previous year.

The bigger picture

  • The financial disclosure represents the company's first quarterly earnings report since its public debut on Indian stock exchanges on August 19.
  • Wealth advisory firms 360 One and Centrum Wealth managed private share transfers totaling ₹300 crore to ₹350 crore prior to the initial public offering.

About the business

  • BlueStone is an online and offline fine jewellery retailer offering certified gold, diamond, platinum, gemstone, and pearl ornaments.
  • The company operates an extensive network spanning over 125 cities across India with 292 retail storefronts.
  • Products are manufactured across thousands of designs covering categories like rings, earrings, pendants, mangalsutras, bangles, and chains.
  • Customers can access jewellery through digital channels or physical showrooms backed by services like lifetime exchange, buyback policies, and home try-ons.
  • The platform generates revenue exclusively through direct retail sales of precious jewellery and custom collections.

The deal

Type
results

Founders

  • Gaurav Singh Kushwaha, Chief Executive Officer

Other articles talking about it

Read it as a card in the app

More on BlueStone

Everything on BlueStone →