BlueStone FY24: Revenue Surpasses INR 1,000 Cr Mark, Loss Narrows 15% To INR 142.2 Cr

BlueStone FY24: Revenue Surpasses INR 1,000 Cr Mark, Loss Narrows 15% To INR 142.2 Cr

SUMMARY

BlueStone’s operating revenue surged over 64% to INR 1,265.8 Cr in FY24 from INR 770.7 Cr in FY23

The startup said it was able to grow its revenue from existing stores in FY24, which resulted in improvement in margins

Last month, the jewellery brand raised INR 900 Cr in its pre-IPO round at a valuation of $970 Mn

Omnichannel jewellery brand Bluestone managed to narrow its loss by almost 15% year-on-year (YoY) to INR 142.2 Cr in the financial year 2023-24 (FY24), while its operating revenue surpassed the INR 1,000 Cr mark.

The startup had posted a net loss of INR 167.2 Cr in FY23 on an operating revenue of INR 770.7 Cr. 

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