iWorld
JioSaavn tops 500 million Google play store downloads
MUMBAI: JioSaavn has crossed 500 million downloads on the Google Play Store, marking one of the most significant milestones in the company’s growth journey. The achievement underscores JioSaavn’s position as one of India’s most widely used music streaming platforms, reflecting both its expanding listener base and the increasing resonance of its product across diverse audiences.
With this feat, JioSaavn becomes the only Indian music streaming app to reach 500 million unique Google Play installs. The milestone follows the recent achievement of JioHotstar, which crossed one billion downloads to become India’s most downloaded entertainment app. JioSaavn now ranks second in India’s entertainment category, highlighting the growing dominance and reach of Jio’s digital ecosystem across content verticals.
The platform attributes this milestone to a year defined by continuous product innovation, a strong focus on user experience, and a wave of high-impact feature launches that boosted engagement nationwide. Over the past year, JioSaavn strengthened its personalised recommendations engine, enhanced multilingual search capabilities, and introduced a redesigned home feed that resonated with both long-time listeners and new users. Features such as “Daily Mixes,” offering freshly auto-curated listening every day, and “From the Community,” showcasing playlists created by users across the country, played a pivotal role in deepening engagement and expanding discovery. Together, these updates have delivered a more intuitive, seamless and satisfying listening experience.
JioSaavn’s growth was further supported by strategic marketing rollouts and aggressive subscription offerings aimed at making premium audio content more accessible. New JioSaavn Pro plans, including high-quality listening at prices as low as Rs 9 for two months and Rs 399 for an annual subscription, received a strong consumer response and significantly contributed to record user engagement. These initiatives helped sustain download momentum heading into the final quarter of the year.
With the 500 million milestone now crossed, JioSaavn enters its next phase of growth with renewed focus. The platform reiterated its commitment to enhancing user experience through continuous innovation, strategic partnerships and deeper audience engagement. Building on this achievement, JioSaavn aims to further elevate its product and widen its reach across the country.
Gaming
Bluestone FY26 revenue rises to Rs 2,436 crore, turns profitable
Q4 profit at Rs 31 crore, full-year profit at Rs 13 crore vs loss last year.
MUMBAI: From sparkle to numbers, Bluestone seems to be polishing more than just jewellery this year. Bluestone Jewellery and Lifestyle Limited reported a sharp turnaround in FY26, with revenue from operations rising to Rs 2,436 crore (Rs 24,364 million), up from Rs 1,770 crore (Rs 17,700 million) in FY25. The company posted a full-year profit of Rs 13 crore (Rs 131.79 million), a significant recovery from a loss of Rs 222 crore (Rs 2,218 million) a year ago.
Total income for the year stood at Rs 2,486 crore (Rs 24,860 million), compared to Rs 1,830 crore (Rs 18,300 million) in the previous year, reflecting both topline growth and improved operational momentum.
The March quarter, however, told a more nuanced story. Revenue from operations came in at Rs 681 crore (Rs 6,814 million), down from Rs 748 crore (Rs 7,486 million) in the year-ago period, though higher than Rs 461 crore (Rs 4,613 million) in the preceding December quarter. Net profit for Q4 stood at Rs 31 crore (Rs 311.81 million), compared to Rs 68 crore (Rs 688 million) a year earlier, but a clear reversal from a loss of Rs 51 crore (Rs 512 million) in Q3.
Margins were shaped by higher input costs, with raw material consumption rising to Rs 2,204 crore (Rs 22,043 million) for the full year, alongside employee benefit expenses of Rs 282 crore (Rs 2,824 million) and finance costs of Rs 210 crore (Rs 2,104 million). Other expenses came in at Rs 371 crore (Rs 3,715 million), slightly lower than Rs 393 crore (Rs 3,938 million) in FY25.
On the balance sheet front, total assets expanded to Rs 4,961 crore (Rs 49,610 million) as of March 31, 2026, from Rs 3,532 crore (Rs 35,322 million) a year earlier, driven largely by a surge in inventories to Rs 2,672 crore (Rs 26,718 million). Equity also strengthened to Rs 1,803 crore (Rs 18,030 million), nearly doubling from Rs 911 crore (Rs 9,107 million).
Cash flows reflected the cost of growth. Net cash used in operating activities stood at Rs 199 crore (Rs 1,990 million), while investing activities saw an outflow of Rs 239 crore (Rs 2,392 million). Financing activities, however, generated Rs 497 crore (Rs 4,971 million), helping the company end the year with cash and cash equivalents of Rs 108 crore (Rs 1,075 million), up from Rs 49 crore (Rs 487 million).
Earnings per share for FY26 came in at Rs 1.10, a sharp improvement from a negative Rs 79.74 in FY25, underlining the shift from losses to profitability.
With revenue scaling up, costs still glittering on the higher side, and profitability finally back in the black, BlueStone’s FY26 performance suggests a business mid-transition less about shine alone, and more about sustaining it.
