National News
Bluestone in talks with Peak XV Partners, Steadview Capital Think Investments for Pre-IPO Round
Bluestone, a jewellery brand, is in talks to negotiate an investment of around Rs 830 crore from Peak XV Partners, Steadview Capital, and Think Investments.
Bluestone, a jewellery brand, is in talks to negotiate an investment of around Rs 830 crore from Peak XV Partners, Steadview Capital, and Think Investments.
The pre-IPO round will combine share sales by early investors with new capital, aiming to value the omnichannel retailer at approximately Rs 7,500 crore ($900 million) before the infusion, as per the report.
Venture capital firm Peak XV Partners will reportedly invest around Rs 415 crore in the round. A source speaking to the Economic Times said, “Peak XV is in talks to lead the funding amid a wider inclination for venture funds to tap domestic brands and offline retailers.”
Further, some family offices via special-purpose vehicles might also reportedly participate in the round. The round is expected to be closed in the next few days.
In September 2023, Bluestone raised $65 million from a group of investors at a valuation of $410 million.
National News
Titan Jewellery portfolio posts 21% yoy growth in Q2 FY27
Driven by robust performance in studded jewellery, steady momentum in plain gold, and ongoing retail network expansion
Titan Company Limited has reported a 21% year-on-year (YoY) growth in its jewellery portfolio for the second quarter of FY 2026–27, driven by robust performance in studded jewellery, steady momentum in plain gold, and ongoing retail network expansion.
Key Highlights & Financial Performance
- Overall Jewellery Growth: Total portfolio revenue rose 21% YoY during Q2 FY27.
- Segment Breakdown: Studded jewellery expanded in the early 30% range—boosted by targeted brand promotions and the “Festival of Diamonds” campaign. Plain gold jewellery registered a ~20% YoY increase, whereas demand for investment-led gold coins saw a high single-digit decline against a elevated base from the previous year.
- Transaction Metrics: Portfolio buyer volume grew in the mid-single digits, while average ticket sizes achieved double-digit growth. Consumer demand was healthy across most of the quarter, moderating briefly toward the end due to a shift in the festive calendar into Q3.
Brand Performance & Domestic Expansion
Titan added 42 net stores to its domestic jewellery network in Q2 FY27, bringing the total footprint to 1,269 stores as of September 2026.
- CaratLane: Maintained its lead as the fastest-growing domestic brand, delivering 32% YoY growth and adding 13 net stores (totaling 394 stores).
- Tanishq, Mia, Zoya & beYon: Combined revenues grew 20% YoY with 29 net store additions, expanding the group’s network to 875 stores.
International Business Overview
- North America: Combined operations across Tanishq, Mia, and CaratLane sustained strong double-digit growth.
- GCC Region: Showed continued resilience despite macro and geopolitical volatility, supported by improving growth at Tanishq and early operational recovery signs at Damas Jewellery (in which Titan holds a 67% stake, consolidated as of January 2026).
-
National News1 day agoP N Gadgil Jewellers Limited – Quarterly Update Q2FY27
-
National News1 day ago57th GST Council Recommends Faster Refunds, Lower Penalties and Simpler Compliance
-
BrandBuzz26 minutes ago9 Special Gemstones for this Navratri By Irasva Fine Jewellery
-
National News2 minutes agoTitan Jewellery portfolio posts 21% yoy growth in Q2 FY27
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.