IvyCap Ventures, Accel, and 360 ONE executed multiple open-market transactions to sell a combined 46.4 lakh shares of BlueStone, raising ₹242.8 crore. This follows the company’s improving financials and optimistic projections for future expansion and profit margins.
- Investors sold 46.4 lakh shares raising ₹242.8 crore at ~₹523 per share.
- BlueStone posted ₹31.2 crore net profit in Q4 FY26 vs previous year loss.
- Company targets ₹12,000 crore revenue and near 15% EBITDA margin by FY30.
What happened
IvyCap Ventures, Accel, and 360 ONE collectively sold approximately 46.4 lakh shares of BlueStone on the open market, generating ₹242.8 crore. IvyCap was the largest seller with over 26 lakh shares sold at around ₹525 each, while 360 ONE and Accel offloaded 10.6 lakh and 9.8 lakh shares respectively. Nippon India Mutual Fund acquired a substantial portion of these shares, about 25 lakh units.
The average selling price represented a small discount of about 0.9% to Tuesday's BSE closing price. These block deals reflect a profit-booking move by existing investors amid the stock's recent gains, which have outpaced the market with more than 6.7% rise in the past week and over 12% increase year-to-date.
Why it matters
BlueStone has recently reported a strong financial turnaround, posting a net profit of ₹31.2 crore in Q4 FY26 compared to a net loss the prior year. Revenues surged 48% year-on-year to ₹681.5 crore in the same quarter, underpinning the company’s positive momentum and validating investor confidence.
The company’s ambitious growth strategy aims to nearly quintuple its revenue to ₹12,000 crore by FY30, driven by rapid store expansions and an enhanced omnichannel approach. It also targets improving its Pre-Ind AS EBITDA margin to 14.7%, almost doubling the 7.4% margin recorded in FY26, which is fueling bullish sentiment among analysts and investors alike.
What to watch next
Market watchers should monitor BlueStone’s execution of store expansions and margin improvements to meet its FY30 financial goals. Sustained consumer demand and effective technology integration in the brand’s omnichannel sales will be key drivers of growth and profitability.
Brokerages like JM Financial and Nuvama remain optimistic, highlighting these factors and recommending a ‘Buy’ rating with price targets near ₹650. The stock’s short-term price movement post-block deal, along with quarterly earnings updates, will provide further clarity on investor confidence and overall market appetite for BlueStone shares.