Omnichannel jewellery brand BlueStone has emerged profitable for yet another quarter and the first full year of profitability.

It has posted a net profit of ₹31.2 Cr for the fourth quarter (Q4) of the financial year 2026-26 (FY26). The metric, however, declined 55% from the ₹68.9 Cr profit reported in Q3. The company had posted a net loss of ₹51.3 Cr in Q4 FY25.

For the full fiscal year FY26, BlueStone’s operating revenue surged 38% YoY to ₹2,441.2 Cr. It reported a PAT of ₹26 Cr against a loss of ₹219.2 Cr in the previous fiscal year. 

The company’s operating revenue zoomed 48% YoY to ₹681.5 Cr in Q4 FY26. But the top line shrank about 9% sequentially from ₹748.7 Cr. Including other income of ₹15.1 Cr, its total income for the quarter stood at ₹696.7 Cr. 

While total expenses zoomed 24% YoY to ₹664 Cr, adjusted EBITDA for the quarter surged 3.5X YoY to ₹147.4 Cr. 

The company’s net profit was impacted by non-cash items, such as ESOP charges and lease costs of ₹27.8 Cr.

Without these, BlueStone claims that it would have reported a net profit of ₹64.3 Cr.

In the March quarter, BlueStone focused on redesigning its entry-level portfolio. In Q3, BlueStone’s management had highlighted that volatility in gold prices had pushed entry-level price points beyond the reach of many buyers, creating a gap for many first-time customers.

BlueStone ended the fiscal year with 340 stores across 134 cities, adding 17 stores in the March quarter. It added 65 stores in FY26.

“We are entering FY27 with superior exit growth rates and continuing to be deeply focused on execution to expand consumer wallet share as well as bring in new consumers into our fold,” BlueStone’s CEO Gaurav Singh Kushwaha said.

Shares of BlueStone ended Thursday’s trading session 1.05% higher at ₹547.95.

The post BlueStone Q4: Profit At ₹31 Cr, Revenue Jumps 48% YoY To ₹697 Cr appeared first on Inc42 Media.