Bluestone Jewellery And Lifestyle Ltd (NSE:BLUESTONE)
₹ 820.75 +48.35 (+6.26%) Market Cap: 125.09 Bil Enterprise Value: 136.38 Bil PE Ratio: 241.25 PB Ratio: 6.94 GF Score: 7/100

Q1 2027 Bluestone Jewellery and Lifestyle Ltd Earnings Call Transcript

Jul 21, 2026 / 05:30 AM GMT
Release Date Price: ₹728.65 (+19.37%)

Key Points

Positve
  • Bluestone Jewellery And Lifestyle Ltd (NSE:BLUESTONE) reported a strong start to FY27 with a 49% year-on-year revenue growth, reaching INR 733 crores.
  • The company's EBITDA rose by 135% to INR 55 crores, showcasing significant operating leverage.
  • Same-store sales growth was reported at 39%, indicating strong performance across older cohorts.
  • The company has a robust online presence, with over 80% of sales originating online, enhancing its reach and customer engagement.
  • Bluestone's focus on design and technology has positioned it as a consumer internet company, differentiating it from traditional jewelry retailers.
Negative
  • The demand softened in May due to a custom duty hike on gold, although it normalized by June.
  • New customer additions have decreased from 50,000 to around 40,000 per quarter, indicating a potential challenge in attracting new customers.
  • The company faces challenges with merchandise dislocation due to fluctuating gold prices, impacting inventory management.
  • Despite a strong repeat revenue contribution, the company needs to implement more initiatives to boost new customer acquisition.
  • The company's inventory turnover is affected by the mix of new and older stores, with newer stores diluting overall inventory efficiency.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BLUT.NS - Bluestone Jewellery and Lifestyle Ltd
Q1 2027 Bluestone Jewellery and Lifestyle Ltd Earnings Call
Jul 21, 2026 / 05:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and Chairmen, good day and welcome to the Bluestone Jewellery and Lifestyle Limited Q1 FY27 Earnings Conference Call.

As a reminder, all participant lines will remain in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal the operator by pressing star, then zero on your touch tone phone.

Please note that this conference is being recorded.

I will now hand the conference over to Ms. Riya Dharia from EY Investor Relations for opening remarks.

Thank you, and over to you.

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