Bluestone, the Bengaluru-based omni-channel jewellery retailer, reported a significant improvement in its financial performance for the first quarter of FY26. The company’s net loss narrowed to ₹34.7 crore, compared to a loss of ₹65.4 crore in Q1 FY25.
At the same time, Bluestone’s operating revenue surged 41% year-on-year to ₹966.2 crore, driven by strong customer demand and higher order volumes across online and offline channels.
The jewellery brand, backed by Peak XV Partners and Accel, has been steadily expanding its retail presence in India, while also strengthening its digital-first approach. The company’s management said the focus remains on sustainable growth and achieving profitability in the coming quarters.
Despite narrowing losses, Bluestone continues to invest in brand building, marketing, and retail expansion to capture India’s growing demand for fine jewellery. Analysts believe the company’s strong revenue momentum could push it closer to breakeven if operating efficiencies improve.
Summary Table
| Particulars (Q1 FY26) | Figures | YoY Change |
|---|---|---|
| Net Loss | ₹34.7 Cr | Down from ₹65.4 Cr |
| Operating Revenue | ₹966.2 Cr | +41% |
| Previous Year Revenue (Q1 FY25) | ₹684.8 Cr | — |
| Focus Areas | Retail expansion, brand building, digital-first growth | — |
