BLUESTONE
BlueStone strikes gold this festive season, clocks 45% business growth
BlueStone Jewellery and Lifestyle reported 45% year-on-year business growth between October 1 and November 8, driven primarily by an increase in buyers during the festive season. Average realisations remained unchanged, while demand for everyday jewellery and entry-level products gained momentum during the Dhanteras-Diwali period.
Former Baltimore Ravens and current New York Giants head coach John Harbaugh's historic stone mansion in Owings Mills, Maryland sold for $6 million
John Harbaugh has sold his historic stone mansion in Owings Mills, Maryland for $6 million. The former Baltimore Ravens head coach purchased the property for $3 million in November 2013 and listed it for $6.9 million in May 2026. The estate was built in 1905. It has more than 9,100 square feet of living space, six bedrooms, seven bathrooms and wooded grounds.
Bluestone slips into Q2 loss of Rs 4.4 crore as operating revenue rises 45%
The company’s operating revenue rose 45% year-on-year (YoY) to Rs 745 crore in the second quarter of FY27, compared with Rs 513.6 crore a year earlier. Including other income of Rs 24.4 crore, BlueStone's total income stood at Rs 769 crore during the quarter.
Stocks in news: Reliance Industries, Eternal, Alkem Labs, BEL, HPCL, Swiggy and GMDC
Indian markets witnessed a downturn on Wednesday, prompted by significant selling in banking stocks. After showing initial promise, the Nifty 50 index dropped by 77.60 points to close at 22,811.35. Reliance Industries celebrated a reaffirmation from ICRA concerning its non-convertible debenture program, valued at Rs 12,000 crore. Eternal also reported impressive year-on-year growth in Q2 revenue and net profits.
Jewellery stocks ahead of festive season: Can Q2 deliver sustained growth amid rising rates, bond yields?
Indian jewellery stocks present a mixed picture ahead of the festive season. Despite rising gold prices and macro headwinds, Q2 business updates show robust revenue growth. With the festive calendar shifting demand to Q3, analysts weigh in on valuations, earnings trajectory, and top stock picks for H2FY27.
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ETSA 2026: Consumer brands poised for bigger exits as strategic acquisitions pick up: Sauce’s Manu Chandra
Chandra has been selected for the Midas Touch honour for best investor at The ET Startup Awards 2026, with the jury recognising his track record of backing companies early and delivering significant exits.
High prices this sale season is a done deal, but that's only half the story
For retailers, the festive strategy this year will shift from outright price cuts towards a combination of financing, product redesign, wider entry-level choices and exchange offers, with the aim to preserve margins while giving consumers more ways to complete purchases despite higher prices.
Accel India, 360 ONE Group sell over 4% stake in BlueStone for Rs 513 crore
The two investors sold a combined 61.98 lakh shares on Thursday, representing a 4.07% stake in Bengaluru-based BlueStone Jewellery and Lifestyle, according to exchange data.
Travis Kelce among 64 victims as India-born man jailed for $35 million Ponzi scheme
After an intense legal battle, Siddharth Jawahar, founder of Swiftarc Capital, has been sentenced to an eleven-year prison term for running a Ponzi scheme that swindled sixty-four investors, among them NFL star Travis Kelce. Jawahar diverted new investor funds to maintain a luxurious lifestyle, while accusations arose of evidence tampering and misinformation about his immigration status.
BlueStone Jewellery shares soar 7%. Should you buy at current levels or avoid?
BlueStone Jewellery and Lifestyle shares surged nearly 7%, extending their one-month rally to around 50% after robust Q1 FY27 earnings. The company reported a net profit of Rs 14 crore against a year-ago loss, while revenue rose 49% and EBITDA more than doubled. Analysts say the uptrend remains intact, but investors should watch key technical support and resistance levels.
BlueStone Jewellery shares soar 29% in 2 days after stellar Q1 show. Should you buy, sell or hold the stock?
BlueStone Jewellery shares have surged nearly 29% in two sessions after the company swung to profit in Q1 FY27 and delivered strong revenue and EBITDA growth. While Systematix reiterated its Buy rating with a target price of Rs 832, investors are assessing whether the rally has more room to run.
BlueStone reports Rs 6 crore net profit in Q1, revenue up 70% YoY to Rs 737 crore
BlueStone’s operating revenue rose 70% year-on-year (YoY) to Rs 737 crore in the June quarter, up from Rs 493 crore reported in the same period last year, driven by strong same-store sales growth (SSSG) of 39% YoY.
Bluestone Q4 revenues up 48%, swings to full-year profit
For the full year ending on March 31, 2026, its revenue from operations rose 38% to Rs 2,436 crore, from Rs 1,770 crore in FY25. On an annual basis, it posted a net profit of Rs 13 crore compared to Rs 222 crore net loss in the year prior. Bluestone posted its first-ever quarterly profit of Rs 68.8 crore in Q3FY26.
BlueStone Jewellery shares make a muted debut on D-Street, list at 2% discount
BlueStone Jewellery shares debuted with a slight discount, opening at Rs 510 on NSE and Rs 508.80 on BSE, against an IPO price of Rs 517. The IPO, subscribed 2.72 times, saw strong QIB demand but faced tepid retail and NII interest.
Bluestone set to list on Tuesday: Here’s all you need to know about the IPO
The company’s initial share sale witnessed strong demand from institutional buyers and retail investors, but HNIs were not too enthused. In the grey market, shares of the omnichannel jewellery retailer are trading at nil premium.
BlueStone Jewellery IPO subscribed 2.7 times on Day 3; GMP slips below 1%
BlueStone plans to raise up to Rs 1,541 crore via its IPO, comprising a fresh equity issue of Rs 820 crore and an OFS of 1.39 crore shares by existing investors, including Accel India III, Saama Capital II, Kalaari Capital, Iron Pillar, and Sunil Kant Munjal.
BlueStone Jewellery IPO subscribed 40% on Day 2; GMP at 2%. Check key details
BlueStone Jewellery IPO: The latest Grey Market Premium (GMP) for BlueStone Jewellery’s IPO stands at ₹9–₹10 above the issue price of ₹517 per share, implying a potential listing price near ₹527 and an estimated gain of about 1.9% per share.
BlueStone Jewellery IPO booked 39% on Day 1 so far; GMP at nearly 2%. Should you apply?
BlueStone Jewellery's Rs 1,541 crore IPO witnessed a slow start, with subscriptions at 4% on day one and a modest grey market premium. The IPO, priced at Rs 492-517, aims to raise funds through fresh issues and an offer for sale. SBI Securities recommends subscribing for the long term, citing strong revenue growth and market position despite current losses.
BlueStone Jewellery's Rs 1,541 crore IPO opens for subscription; GMP at 2%. Check all details
BlueStone Jewellery and Lifestyle launched its IPO on August 11, aiming to raise Rs 1,541 crore through a fresh issue and offer for sale. The IPO, priced between Rs 492 and Rs 517 per share, will close on August 13.
IPO-bound BlueStone geared for unicorn tag
Bluestone is preparing for its public market debut. 360 One and Centrum Wealth are facilitating secondary deals. These deals amount to Rs 300–350 crore. The transaction values Bluestone at Rs 10,500 crore. RB Investments will fully exit Bluestone through these deals. Bluestone's IPO includes a fresh capital raise. The company reported revenue of Rs 1,266 crore in fiscal 2024.
Bluestone likely to launch IPO at Rs 12,000-13,000 crore valuation; up 50% from last funding
Bluestone, a jewellery retailer, has filed for an IPO, aiming for a valuation of Rs 12,000-13,000 crore. The IPO will comprise ₹1,000 crore in new shares and Rs 2,000-2,100 crore from existing investors. This represents a significant jump from its Rs 8,100 crore valuation in August. Strong investor interest in the jewellery retail sector fuels this increase.
Accel India-backed BlueStone Jewellery and Lifestyle files DRHP for IPO
BlueStone Jewellery IPO: BlueStone Jewellery and Lifestyle has filed for an IPO to raise Rs 1,000 crore through a fresh issue and an offer for sale. The funds will primarily support working capital. The omnichannel jewellery retailer operates over 200 stores and boasts 95 unique collections, positioning it among India's top jewellery retailers.
Jewellery retailer Bluestone’s board clears IPO proposal
Bluestone’s board has approved an IPO to raise Rs 1,000 crore, with filing expected soon. While the pricing of the IPO hasn't been finalised, sources said it could be targeting a valuation of Rs 12,000-13,000 crore. Founded in 2011, it reported Rs 1,265.8 crore revenue in FY24 and aims to grow its retail footprint to 400 stores.
Bluestone IPO update; India’s GCC expansion
Happy Friday! Jewellery retailer Bluestone’s board has approved its initial public offering plan. This and more in today’s ETtech Morning Dispatch.
Bluestone bags Rs 900 crore in pre-IPO round, to file draft papers this year
Bluestone, a jewellery retailer, completed a Rs 900-crore funding round, boosting its valuation to $970 million. Key investors included Prosus and Peak XV Partners. Kalaari Capital – one of the early investors in the Bengaluru-based firm – has earned about Rs 300 crore by selling a part of its stake.
Peak XV, Steadview, and Think Investments line up to fund jewellery retailer Bluestone in pre-IPO round
Jewellery retailer Bluestone is in talks with Peak XV Partners, Steadview Capital, and Think Investments for a $100 million pre-IPO round. The investment is expected to value Bluestone at around $900 million pre-money.
Bluestone may turn unicorn in pre-IPO funding round
This funding round will more than double ominchannel jewellery retailer Bluestone's valuation from around $450 million in September 2023. Bengaluru-based Bluestone’s pre-IPO round is seeing interest from new and existing investors, encouraged by the Tata Group’s CaratLane deal where Titan bought out the founder’s (Mithun Sacheti) stake last year.
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