ConCallIQ
Go Pro
BLUESTONE Diversified 10 Feb 2026

BlueStone Jewellery and Lifestyle Limited — Q3 FY26

BlueStone delivered a landmark quarter with its first reported net profit of ₹71.5 crore, driven by 27.4% YoY revenue growth to ₹748 crore and a 12.1% pre-indebtedness EBITDA ma...

bullish high
Compare with...
Revenue ₹748 Cr +27.4%
EBITDA ₹90 Cr
PAT ₹72 Cr
EBITDA Margin 12.1%
Duration 55 min
Read Time 1 min read

Financial stats pending filing verification

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Gold price volatility shifting demand to low-margin products

Sharp rise in gold prices drove market demand toward commodity and investment categories (coins, chains) where BlueStone is under-indexed, potentially impacting revenue mix and growth.

medium · management_commentary
R

Lower revenue growth vs peers due to primary vs secondary sales reporting

Analyst noted BlueStone's reported growth (27.4%) was lower than peers; management attributed this to reporting only retail sales vs primary sales, but the gap may persist.

low · analyst_question
R

Inventory MTM impact from gold price movements

Analyst raised concern about potential P&L impact from mark-to-market on hedge positions; management clarified hedging protects P&L, but complexity may cause investor confusion.

low · analyst_question