BlueStone’s Impressive Revenue Growth in Q2 FY27

BlueStone has reported a remarkable 45% growth in revenue from operations for the second quarter of the financial year ending March 2027. During the same period, the company successfully reduced losses by 92%, amounting to Rs 4.37 crore.

Revenue Insights for Q2 FY27

The company’s revenue from operations surged to Rs 745 crore in Q2 FY27, a significant increase from Rs 514 crore recorded in Q2 FY26. This data is sourced from its unaudited consolidated financial statements filed with the NSE.

Half-Year Performance

For the first half of FY27, BlueStone displayed a notable revenue increase of 47.3%, reaching Rs 1,482 crore compared to Rs 1,006 crore during the same period last year. The income derived from jewellery sales remained the primary driver of revenue.

Overall Income and Additional Earnings

Aside from the revenue from core operations, the company reported an additional income of Rs 24 crore, leading to a total income of Rs 769 crore in Q2 FY27, up from Rs 525 crore in Q2 FY26. In the preceding quarter (Q1 FY27), total income was recorded at Rs 752 crore.

Expenditure Overview

On the expenditure front, the costs related to materials represented the largest expense at Rs 470 crore, which reflects a year-on-year increase of 51.4%. Employee benefit costs amounted to Rs 70.58 crore, while finance costs reached Rs 58.37 crore and depreciation expenses stood at Rs 63.87 crore.

Spending Analysis

Overall, BlueStone’s expenditure climbed by 34%, totalling Rs 772 crore in Q2 FY27 compared to Rs 576 crore in Q2 FY26. When looking at a quarter-on-quarter basis, expenditures rose from Rs 745 crore in Q1 FY27.

Net Loss and Profit Achievements

In terms of net loss, BlueStone narrowed it down by 91.6%, reporting Rs 4.37 crore for Q2 FY27 compared to Rs 52 crore in Q2 FY26. The company had previously posted a profit of approximately Rs 6 crore in Q1 FY27.

Half-Year Financial Snapshot

For the first half of FY27, BlueStone reported a net profit of Rs 1.59 crore, in contrast to a net loss of Rs 86.85 crore in the first half of FY26.

Strategic Appointments

In a significant development, BlueStone appointed Amit Jain, CEO and co-founder of CarDekho Group, as a Non-Executive Independent Director in September 2026.

Market Performance

At the close of trading, BlueStone shares were priced at Rs 760.45 each, resulting in a market capitalisation of Rs 11,305 crore.