BlueStone Stock Rises Over 18% After Reporting Third Consecutive Profitable Quarter

Shares of Indian jewelry firm BlueStone surged over 18% to trade at ₹722 on the BSE today, following the company's financial disclosures for the first quarter of fiscal year 2027.

BlueStone reported a net profit of ₹6 crore (approximately $0.72 million USD) for Q1 FY27. This marks a significant improvement from the same period last year, when the company posted a net loss of ₹34.7 crore. However, the profit saw a sequential decline of 80% from ₹31.2 crore in Q4 FY26.

The company's operating revenue grew 50% year-on-year and 8% quarter-on-quarter, reaching ₹736.8 crore. According to BlueStone, its standalone adjusted profit stood at ₹14 crore compared to a loss of ₹21 crore in the year-ago period. Consumer demand remained resilient despite notable gold price volatility. The firm opened 12 new stores and expanded into five new Tier-II and Tier-III cities during the quarter, increasing its total store count to 352 across 139 cities.

BlueStone plans to grow its store count to 706 by the end of fiscal year 2030. The company views its D2C website as a long-term discovery channel. Same-store sales growth is expected to become an increasingly important driver alongside new store additions. Repeat customers accounted for nearly 60% of revenue, supporting the company's growth with a lower customer acquisition cost.