Business · Companies · 12 hrs ago

BlueStone reports 45% growth during festive-season trading

BlueStone reports 45% growth during festive-season trading

BlueStone's business grew 45% year on year from October 1 to November 8, the first five weeks of its October-December quarter.

The Indian jewellery retailer said higher buyer transactions drove the growth during the Dhanteras and Diwali festive period.

Average realisations stayed unchanged, meaning the increase was not driven by customers spending more on average.

Sales also gained momentum at more affordable price points.

Founded as a digital-first brand, BlueStone now sells jewellery online and through physical stores.

The update covers only part of the quarter, and the company has not given a full-quarter result.

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What people are saying

Gaurav Singh KushwahaBlueStone founder and chief executive officer
Our business grew by 45 per cent over the corresponding period last year. It's exciting to see that growth was fundamentally buyer transaction-led. More consumers are choosing BlueStone this festive season
via Business Standard