BlueStone Posts Rs 4.4 Crore Q2 Loss as Revenue Jumps 45%

22 Oct 2026, 7:10 pm · 2h ago · 1 min read · Inc42New

Amount

₹300 Cr

Stage

Debt

Omnichannel jewellery retailer BlueStone reported a consolidated net loss of Rs 4.4 crore in Q2 FY27, down 92% YoY from Rs 52.1 crore, but slipping from a Rs 6 crore profit in Q1. Operating revenue surged 45% YoY to Rs 745 crore from Rs 513.6 crore. BlueStone expanded its network to 379 stores across 146 cities, adding 68 stores over the past year. Separately, the company's board approved raising up to Rs 300 crore via non-convertible debentures (NCDs) on a private placement basis to refinance existing debt and support capital expenditure.