Bluestone Jewellery and Lifestyle Limited posted a robust turnaround in its third quarter, reporting a net profit of ₹69 crore, compared with a loss of ₹27.2 crore in the same period last year. The performance marks a significant recovery for the company, driven by strong revenue growth and improved operational efficiency.Revenue grew 27.5% year-on-year to ₹748.6 crore from ₹587 crore, reflecting higher sales and enhanced customer engagement across its jewellery and lifestyle portfolio. EBITDA for the quarter surged to ₹166.7 crore, up from ₹50.2 crore a year ago, while the EBITDA margin expanded sharply to 22.3% from 8.5% in the corresponding period, signalling improved cost management and profitability.
The company’s turnaround highlights the effectiveness of its strategic initiatives, including product innovation, targeted marketing, and expansion of its retail and digital presence. With a stronger operating performance, Bluestone Jewellery has demonstrated resilience in a competitive market and the ability to convert revenue growth into sustainable earnings.
Also read: BlueStone Jewellery shares listing: Stock debuts at a 3% discount to IPO price
Investors responded positively to the company’s Q3 results, with shares closing on the NSE at ₹473.80, up ₹49.10 or 11.56% today, January 22
(Edited by : Shoma Bhattacharjee)
