Bluestone Jewel
Bluestone Jewel Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company expects significant growth runway both in city presence and store density, comparing favorably against peers. The company demonstrated strong operating leverage in Q3FY26, with pre-IndAS EBITDA margins improving to 12.1% for the quarter and 7.4% YTD, up from less than 1% the previous year, indicating scope for margin expansion as cohorts mature and business scales. - Q3FY26 was the first PAT-positive quarter with Rs.
From Bluestone Jewel's Q3 FY26 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- The company expects significant growth runway both in city presence and store density, comparing favorably against peers.
- Historically, the company has added about 70-80 stores annually, and this trend is expected to continue, with more concrete plans after Q4 FY26.
- December same-store sales growth (SSSG) was in the mid-teens, with January trending even better, indicating positive momentum.
- Cohort performance is strong; older stores (FY19-20) average Rs. 14 crores revenue per store annually, younger ones show Rs. 8.3 to Rs. 10 crores. All cohorts are expected to eventually match the top-performing cohorts.
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Profitability & Margins
See what Bluestone Jewel said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company plans to continue consolidating from FOCO (Franchise Owned Company Operated) stores to COCO (Company Owned Company Operated) stores due to the expensive capital structure of FOCO, which is PAT accretive and makes economic sense. This consolidation strategy remains unchanged.
- Regarding store additions, the company expects to add around 65-70 stores in the current year (FY26), consistent with recent trends of 70-80 stores a year over the last two to three years.
- A more concrete number for store additions in FY27 will be provided after Q4 FY26.
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Top-ranked in Consumer Durables
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Bluestone Jewel — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹681 Cr, net profit ₹31 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Bluestone Jewellery & Lifestyle Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Bluestone Jewel Q3 FY26 results?
The company expects significant growth runway both in city presence and store density, comparing favorably against peers. The company demonstrated strong operating leverage in Q3FY26, with pre-IndAS EBITDA margins improving to 12.1% for the quarter and 7.4% YTD, up from less than 1% the previous year, indicating scope for margin expansion as cohorts mature and business scales. - Q3FY26 was the first PAT-positive quarter with Rs.
What is Bluestone Jewel share price analysis?
Bluestone Jewel currently shows a neutral. The stock trades at a P/E of 229.6 with a market cap of ₹12,929 Cr. Investors should review the full earnings analysis for detailed insights.
Is Bluestone Jewel planning capital expenditure?
The company plans to continue consolidating from FOCO (Franchise Owned Company Operated) stores to COCO (Company Owned Company Operated) stores due to the expensive capital structure of FOCO, which is PAT accretive and makes economic sense.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.