BlueStone reports a milestone quarter by delivering its first positive PAT of INR 71.5 crore

 

       
First quarter of positive reported PAT; INR
71.5 crore in Q3FY26 vs. loss of
INR 26.9 crore in Q3FY25

       
Standalone Adjusted EBITDA at INR 190.8 crore,
up 169.7% YoY

       
Standalone Revenue at INR 747.9 crore, up
27.4% YoY

       
Cash PAT (standalone) for the quarter at INR
122.5 crore, up 720.9% YoY

January 22, 2026,
Jaipur 
: BlueStone Jewellery and Lifestyle Limited (‘BlueStone’),
a leading digital first, direct-to-consumer jewellery brand, announced its
Q3FY26 financial results today. The company delivered its first quarter of
positive PAT driven by expanding EBITDA margins with continued growth momentum.
Profitability reflected a strong year-on-year improvement with strong
standalone adjusted EBITDA performance. Reported PAT stood at INR 71.5 crore
versus a loss on a standalone basis of INR 26.9 crore in Q3 last year.

Commenting
on the results, BlueStone’s CEO Gaurav Singh Kushwaha said,

“This quarter marks a
significant milestone as we delivered our first quarter of net profit,
underscoring an inflection point in the Company’s profitability journey. Our
underlying growth trends remain strong, and we see accelerating revenue growth
momentum into Q4FY26.

The strong EBITDA
margin performance was driven by operating leverage with Adjusted EBITDA growth
of 169.7% YoY. The quarter’s performance translated into a significant
Reported PAT as against a loss in same quarter last year. We generated a
significant standalone cash profit of INR 122.5 crore.

Our focus remains
firmly on disciplined execution, and these results reinforce the strength of
our business model and reflect the Company’s large profit potential.”

About
BlueStone Jewellery and Lifestyle Limited:

BlueStone is a
contemporary lifestyle jewellery brand offering diamond, gold, platinum and
studded jewellery with a strong design-led approach. Launched in 2011 as a
digital-first, direct-to-consumer brand, BlueStone has evolved into one of
India’s leading omnichannel jewellery retailers with a wide presence across the
country. The brand retails through its website, mobile app and a growing
network of stores, providing customers with a seamless online-to-offline experience.
With a diverse portfolio spanning rings, earrings, necklaces, bangles,
solitaires and more, BlueStone caters to modern consumers who value unique
designs, craftsmanship and innovation across occasions. The Company also
operates advanced manufacturing facilities to support its expanding scale and
product range.

For
further information please contact:

BlueStone
Jewellery & Lifestyle Limited

investor.relations@bluestone.com

EY
LLP Investor Relations

Diwakar
Pingle: diwakar.pingle@in.ey.com

Rhea
Dharia: Rhea.Dharia@in.ey.com

Avantika
Mishra: Avantika.Mishra@in.ey.com