BlueStone Rallies 20% After Reporting Third Consecutive Profitable Quarter
India, July 21 -- Shares of omnichannel jewellery major BlueStone rallied as much as 20% to touch an intraday high of Rs.730.10 on the BSE today after the company reported a profitable Q1 FY27 yesterday.
After touching the upper circuit, the stock closed the session 19.52% higher at Rs.727.20 on the BSE. The company's market capitalisation stood at Rs.11,082 Cr (about $1.15 Bn).
The Accel-backed D2C company reported a net profit of Rs.6 Cr in the first quarter of FY27, as against a net loss of Rs.34.7 Cr in the year-ago period. However, its PAT declined 80% on a sequential basis from Rs.31.2 Cr in Q4 FY26.
Meanwhile, operating revenue grew 50% YoY and 8% QoQ to Rs.736.8 Cr.
BlueStone said that its standalone adjusted PAT for the quart...
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