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…