# BlueStone Jewellery Shares Surge 29% After Strong Q1 Results BlueStone Jewellery's shares rose 29% following impressive Q1 financial performance. - **Source:** [Economic Times](https://brifing.si/source/37791137-c35a-4ffe-b6a9-fe103afc9e48) - **Published:** 2026-07-22 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/2cd70408-b71f-4fd9-a7ca-6dae1736c99f ## BlueStone 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. ## Store 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. ## Analyst 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. ## Brand 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. ## Focus 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. ## Future 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. ## Sources covering this story - https://economictimes.indiatimes.com/markets/stocks/news/bluestone-jewellery-shares-soar-29-in-2-days-after-stellar-q1-show-should-you-buy-sell-or-hold-the-stock/articleshow/132551458.cms — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._