Jewelry brand BlueStone turned profitable in the Q3 FY26, reporting a net profit of INR 68.9 Cr against a net loss of INR 26.8 Cr in the year-ago period. It had reported a net loss of INR 52.1 Cr in the September quarter. Operating revenue jumped 28% YoY and 46% QoQ to INR 748.7 Cr. Including other income of INR 10.8 Cr, BlueStone’s total income for the quarter stood at INR 759.4 Cr. Meanwhile, total expenses for the quarter under review registered a marginal 9% increase to INR 688.9 Cr from INR 629.8 Cr in Q3 FY25. On a sequential basis, the company’s expenses jumped about 20% from INR 575.8 Cr in the previous quarter. BlueStone’s adjusted EBITDA for the quarter under review jumped 170% YoY to INR 190.8 Cr. Average order value (AOV) for the quarter zoomed 44% YoY to INR 72,984. The company’s customer count in the period under review rose 25% YoY to about 9 Lakh customers. BlueStone ended the quarter with 323 stores across 130 cities, adding 12 stores during the quarter and 48 stores year-to-date. The company claims that over 150 of its stores are nearing INR 10 Cr annual revenue per store, while its… Read MoreInc42 Media
