BlueStone Jewellery and Lifestyle Ltd

BlueStone Jewellery Reports Strong Growth 📈 - Revenue Up 49% in Q4, Margins Expand

• Q4 FY26 revenue grew 49% year-over-year to ₹6,877 million

• Full-year FY26 revenue reached ₹24,412 million, a 37.9% increase year-over-year

• Operating margin improved to 7.4%, up 537 basis points year-over-year

• Pre-IndAS EBITDA surged 443% year-over-year to ₹509 million for Q4

• Same-store sales growth (SSSG) was 34% for Q4

• Store network expanded to 340 stores across 134 cities, adding 65 new stores in FY26

• Advertising and marketing costs decreased to 6.1% of revenue in Q4 from 8.0% a year earlier

• Inventory levels rose to ₹26,517 million, up 16% quarter-over-quarter

• ESOP expenses were ₹927 million for FY26, expected to decline significantly from FY27 onward

• Net debt stood at ₹3,469 million at end of FY26, reduced from ₹6,171 million in FY25