Bluestone’s Sparkle Fades In Bleak Jewellery Market

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BlueStone’s IPO did not set the market on fire like some other recent startup listings, but that’s no surprise. 

Despite a track record of over 14 years, Bluestone is yet to crack a profit. Most recently, net loss jumped 56% in FY25 to INR 221.8 Cr from INR 142.2 Cr the year before. And in a market that’s increasingly wisening up to loss-making IPOs and their trajectories, BlueStone found out the hard way. 

Even the fact that it is the first jewellery ecommerce player to list was enough to capture the imagination of the public markets….



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Bluestone’s Sparkle Fades In Bleak Jewellery Market


BlueStone’s IPO did not set the market on fire like some other recent startup listings, but that’s no surprise. 

Despite a track record of over 14 years, Bluestone is yet to crack a profit. Most recently, net loss jumped 56% in FY25 to INR 221.8 Cr from INR 142.2 Cr the year before. And in a market that’s increasingly wisening up to loss-making IPOs and their trajectories, BlueStone found out the hard way. 

Even the fact that it is the first jewellery ecommerce player to list was enough to capture the imagination of the public markets….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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