BlueStone Jewellery Shares Surge 29% After Strong Q1 Results
BlueStone Jewellery's shares rose 29% following impressive Q1 financial performance.
1BlueStone Jewellery's Q1 Performance
BlueStone Jewellery reported a net profit of Rs 14 crore in Q1 FY27, reversing last year's loss. The company achieved a 48.8% revenue growth and a 39% increase in same-store sales.
2Store Expansion Strategy
BlueStone Jewellery added 12 new stores in Q1, bringing the total count to 352. The company aims to add 75 stores annually and expand its network to 571 outlets by FY29E.
3Analyst Outlook
Systematix maintained a 'Buy' rating for BlueStone Jewellery with a target price of Rs 832. Analysts expect the company to sustain growth by improving store productivity.
4Brand Strengthening
BlueStone Jewellery offers a portfolio that appeals across price points through design and technical innovation. The company maintained strong performance despite an increase in gold customs duty.
5Focus on Tier 2 and Tier 3 Markets
BlueStone Jewellery is targeting Tier 2 and Tier 3 regions to attract new customers. The company continues to expand its store network in these areas.
6Future Expectations
BlueStone Jewellery's strong Q1 performance and expansion plans boost confidence in its future growth. Analysts highlight factors supporting the company's long-term success.
Original article: Economic Times — BlueStone Jewellery Hisse Senetleri Q1 Performansıyla Yükselişte