BlueStone Jewellery and Lifestyle Limited share price
NSE: BLUESTONE · ISIN INE304W01038
Key numbers
- Market cap
- ₹ 12,364 Cr
- Current price
- ₹ 809.30
- 52-week high / low
- ₹ 970 / 400
- Stock P/E
- 208.6
- Book value
- ₹ 118.3
- Dividend yield
- 0.00%
- ROCE
- 6.6%
- ROE
- 1.1%
- Debt to equity
- 1.10
- Sales growth (3 yrs)
- 46.8%
- Profit growth (3 yrs)
- -
- 1-year return
- 36.1%
About BlueStone Jewellery and Lifestyle Limited
BlueStone Jewellery and Lifestyle Limited designs, manufactures, and sells fine jewelry products under the BlueStone brand in India. The company offers rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, kadas, studs, cufflinks, nazariyas, mangalsutras, nose pins, nose rings, nose screws, and chains; watch jewelry, including charms, bands, and pins; men's, kid's, platinum, gold, diamond, gemstone, and pearl jewelry; and gold coins. It sells its products through its franchise-owned and company-operated stores, website, and mobile application. BlueStone Jewellery and Lifestyle Limited was incorporated in 2011 and is based in Mumbai, India.
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 461 | 493 | 748 | 681 | 737 |
| Operating profit | 27 | 56 | 167 | 126 | 108 |
| Net profit | -51 | -35 | 71 | 31 | 7 |
| EPS (₹) | -3.39 | -2.28 | 4.72 | 2.05 | 0.46 |
Concall summary (2026-07-28)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- We believe that is the most conducive environment for us to be able to deliver the targets that we have set off for ourselves, which is essentially almost 30% or so SS S G over the next four years and along with distribution growth taking the overall revenue to around INR 12,000 crores number in the next four years.
- The second thing I wanted to understand is in our analyst meet, we have given this sort of a guidance of 50% revenue CAGR , and the math behind that what you have shared is 30% SS S G and 20% distribution growth.
Growth & demand
- Revenues grew 49% year - on - year to INR crores and pre - Ind AS EBITDA rose 135% to INR crores , close to 3x the rate of revenue, taking our operating margin to 7.5% and expansion of 273 basis point s .
- And it came against the backdrop of the custom duty on gold moving from 6% to 15% , which makes the breadth and consistency of demand particularly encouraging.
Margins & costs
- So, there is massive headroom to expand the operating EBITDA margin from 7.5% to the 15% handle.
- To your second question on the manufacturing cost, I think in my answer to one of the questions that was asked earlier, I said the right metric to look at is the contribution margin, which actually captures the cost of production, cost of manufacturing, an d some of the other direct costs.
Capex & expansion
- Firstly, on gross margin, this quarter we are seeing a meaningful expansion of 100 bps.
- We saw a similar situation in 3Q where the studded share had actually declined, but back then it was a mere 20, 30 bps of expansion.
Balance sheet & cash
- That relationship, revenue scaling against a cost base that rose far more slowly, is the operating leverage in our model becoming visible.
- And from a directional perspective, as over the next four years we get to INR 12,000 crores and scale - driven operating leverage will continue to flow through.
Peers in Luxury Goods
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