← Latest news 
Gold price surge forces BlueStone to slow store expansion in FY26 plans
Business
Published on 24 April 2026
Company planned 290 stores, but opened only 65
BlueStone’s store-addition targets in FY26 were derailed by a sharp jump in gold prices. In its Q4 earnings call, management said it adopted a cautious, demand-led approach after gold spiked to about ₹1.42 lakh per 10g. While 17 stores were added in Q4, the FY26 total hit only 65 versus a projected 290. Inventory turnover and ROIC also took a hit via revaluation.
- BlueStone slowed FY26 store growth amid gold price volatility
- Projected 290 stores across FY26 and FY27, opened just 65 in FY26
- Gold price revaluation reduced inventory turnover to 1.13X from 1.34X
- Q4 FY26 net profit rebounded to ₹31.2 crore as revenue rose 48% YoY
Read the full story at Inc42
This summarization was done by Beige for a story published on 
Inc42