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BLUESTONEJEWELLERYANDLIF Consumer 15 May 2026

Bluestone Jewellery and Lifestyle Ltd — Q4 FY26

Bluestone delivered a strong Q4 FY26 with standalone revenue growth of 49.1% YoY to ₹2,441 crore for the full year, driven by resilient consumer demand, same-store sales growth...

bullish high
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Revenue ₹681 Cr +49.1%
EBITDA
PAT ₹31 Cr
EBITDA Margin 18%
Duration 61 min
Read Time 1 min read

✓ Verified against BSE filing

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 impacting demand and inventory turns

Sharp gold price increases have led to lower inventory turns (1.13x) and a shift in mix toward plain gold, pressuring gross margins.

high · analyst_question
R

Franchisee store transition risk

Management plans to phase out franchisee stores (67 stores) by FY27-28, which could disrupt operations if not managed smoothly.

medium · analyst_question
R

Competitive pressure on inventory efficiency

Comparisons with peers show lower inventory turns; management attributes this to business model differences but it remains a concern.

medium · data_observation