BlueStone Q2 Loss Narrows 92% as Revenue Jumps 45%
The jeweller posted revenue of Rs 745 crore and a net loss of Rs 4.37 crore.
Key Takeaways
- BlueStone's Q2 FY27 revenue rose 45% to Rs 745 crore.
- Net loss was Rs 4.37 crore, against about Rs 52 crore a year earlier.
- First half net profit was Rs 1.59 crore, against a loss of Rs 86.85 crore.
- Q1 FY27 had a profit of about Rs 6 crore.
BlueStone reported a consolidated net loss of Rs 4.37 crore for the September quarter of FY27, down about 92% from a loss of about Rs 52 crore a year earlier, as its revenue rose 45% to Rs 745 crore.
The result is a small step back from the first quarter, when the company made a profit of about Rs 6 crore. Over the first half of FY27, BlueStone still made a net profit of Rs 1.59 crore.
BlueStone Q2 FY27 at a glance
| Detail | BlueStone |
|---|---|
| Revenue from operations | Rs 745 crore (Rs 514 crore a year ago) |
| Net loss | Rs 4.37 crore (about Rs 52 crore a year ago) |
| Total income | About Rs 769 crore |
| Total expenses | About Rs 772 crore |
| First half revenue | About Rs 1,482 crore |
| First half net profit | Rs 1.59 crore (loss of Rs 86.85 crore a year ago) |
Why BlueStone swings between profit and loss
BlueStone is a listed Indian jewellery company. Its revenue has grown quickly, but its profit is still thin, which is why a small loss in one quarter can follow a small profit in the one before.
What BlueStone's results show about margins in jewellery
For investors, a 92% smaller loss on 45% higher revenue shows the business is scaling. The swing from a Q1 profit to a Q2 loss is a reminder that margins in jewellery depend on the price of gold and diamonds.
For small jewellers, the lesson is that growth alone does not make a profit. Material costs, finance costs and store costs all need to be tracked together.
Will the festive quarter bring BlueStone back to profit?
Watch whether BlueStone can return to a profit in the December quarter, which includes the festive season, and whether material costs keep rising faster than sales.
