Bluestone narrows Q2 loss as revenue rises 37%

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Omnichannel jewellery retailer Bluestone narrowed its net loss by 38.2% year-on-year (YoY) to Rs 52.1 crore for the quarter ended September 30, aided by expanding distribution and a pickup in festive demand.

The Bengaluru-based company, which listed on Indian stock exchanges on August 19, reported operating revenue of Rs 513.6 crore for the quarter, up 37% YoY from the same period last year.

A wider distribution reach and a pickup in festive demand in the latter half of September supported growth during the quarter. September was mixed – demand…



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Bluestone narrows Q2 loss as revenue rises 37%



Omnichannel jewellery retailer Bluestone narrowed its net loss by 38.2% year-on-year (YoY) to Rs 52.1 crore for the quarter ended September 30, aided by expanding distribution and a pickup in festive demand.

The Bengaluru-based company, which listed on Indian stock exchanges on August 19, reported operating revenue of Rs 513.6 crore for the quarter, up 37% YoY from the same period last year.

A wider distribution reach and a pickup in festive demand in the latter half of September supported growth during the quarter. September was mixed – demand…



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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