India's Bluestone Jewellery rises on upbeat growth outlook

Bluestone Jewellery and Lifestyle

04/06/2026 06:12

** Shares of India's Bluestone Jewellery and Lifestyle BLUT.NS up 6.36% at 540.55 rupees 
** BLUT at its analyst meet on Wednesday said it is targeting about 50% revenue CAGR through FY30, driven by same-store sales growth and store expansion
** Brokerage Emkay says about half of BLUT's stores are less than three years old, providing a significant runway for growth as stores mature
** Adds strong same-store sales growth in older store cohorts and operating leverage from advertising should support margin expansion
** Emkay says current valuations remain attractive, provided the company continues to execute on its growth plans
** BLUT rated "strong buy" on avg by 5 analysts; median PT at 653 rupees 
** YTD stock up ~14%

 (Reporting by Devika Nair in Bengaluru)
 ((Devika.MadhusudhananNair@thomsonreuters.com;))