BlueStone Jewellery shares declined 6.5% to ₹520.65 on Tuesday, June 9, following the execution of a significant block deal worth approximately ₹300 crore. According to reports from CNBC TV18, the transaction involved the sale of up to 67.6 lakh shares at an average price of ₹527 per share, representing a discount of around 5.4% to the company's closing price. The base transaction comprises nearly 4.4% of the company's outstanding equity capital, with the deal carrying an upsize option though specific details remain undisclosed. The latest data shows the total transaction value could be nearly ₹356 crore at the average price.
As reported by CNBC TV18, the selling shareholders include Accel India III (Mauritius), SBI Life Insurance (5% stake), Nippon India Trustee-owned funds (4.03% stake), Peak XV Partners, Kalaari Capital, Iron Pillar, and IvyCap Ventures. The block deal is structured as a secondary sale by existing investors and does not involve the issuance of fresh equity shares, meaning Bluestone will not receive any proceeds from the transaction. The proposed stake sale allows early investors to partially monetise their investments following the stock's strong performance since its listing. The term sheet states that selling shareholders will be subject to a 90-day lock-up period, preventing additional stake sales during that time and potentially limiting near-term supply pressure on the stock.
According to LiveMint reports, Bluestone reported a net profit of ₹31 crore for Q4 FY26, compared with a net loss of ₹51.2 crore in the corresponding period last year. Operating revenue for the March quarter rose 48% to ₹681 crore from ₹461 crore in Q4 FY25. For the financial year ended March 31, 2026, revenue from operations increased 38% to ₹2,436 crore from ₹1,770 crore in FY25, with the company posting a net profit of ₹13 crore compared with a net loss of ₹222 crore in the previous financial year. The company had reported its first-ever quarterly profit of ₹68.8 crore in Q3 FY26.
As reported by CNBC TV18, the online jewellery retailer, which debuted on stock exchanges in August last year, has gained 3.5% over the past one month and around 10% in the last three months. However, the stock has declined nearly 6% over the past six months. Bluestone touched its 52-week high of ₹793 in October 2025, while its 52-week low stood at ₹400.40 in February 2026. As of March 2026, promoter shareholding stood at 16.27%, while public shareholders held 83.73% of the company. The term sheet states that selling shareholders will be subject to a 90-day lock-up period, preventing additional stake sales during that time and potentially limiting near-term supply pressure on the stock.
