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Omnichannel jewellery brand BlueStone’s consolidated net loss declined 38.3% to INR 52.1 Cr in the second quarter of the ongoing fiscal year (Q2 FY26) from INR 84.5 Cr in the same quarter last year on the back of strong revenue growth and improvement in margins. Sequentially, net loss surged 50% from INR 34.7 Cr.
The company’s revenue from operations zoomed 37.6% to INR 513.6 Cr during the quarter under review from INR 373.4 Cr in the second quarter of FY25.
However, it is pertinent to note that the numbers are not exactly comparable. BlueStone made an investment in its subsidiary Ethereal House on January 6, 2025 and in associate Redefine Fashion on November 11, 2024. Hence, its consolidated financial statements became applicable from the quarter ended December 31, 2024.
On a quarterly basis, the company’s revenue from operations rose 4.3% from INR 492.6 Cr.
Shares of BlueStone ended today’s trading session almost flat at INR 711.25 apiece on the BSE.
(The story will be updated soon)
The post BlueStone Q2: Loss Narows 38% To INR 52 Cr appeared first on Inc42 Media.
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