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Joyalukkas to invest ₹3,600 crore to add 40 stores; aims for ₹41,000 crore revenue by FY27

Ambitious expansion plan to strengthen domestic and international presence, with 15 new overseas outlets and entry into markets such as New Zealand and Canada.

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The renowned jewellery retailer, Joyalukkas, has unveiled a highly ambitious and meticulously structured expansion strategy, poised to significantly reshape its global retail footprint and financial trajectory. This plan is underpinned by a massive investment of Rs.3,600 crore, dedicated to the establishment of 40 new, state-of-the-art showrooms across both India and international markets by the next financial year.

This strategic rollout is set to dramatically increase the group’s retail network, elevating the total showroom count from the current 190 to an impressive 230. The scale of this initiative is directly linked to an aggressive financial forecast: the company is aiming to reach a monumental revenue milestone of Rs.41,000 crore by the financial year 2027 (FY27).

A crucial component of this expansion is the emphasis on global market penetration. Joy Alukkas, the Chairman and Managing Director of the group, confirmed that 15 of these new outlets will be situated overseas, marking a concerted effort to broaden the international presence of the brand. Notably, this international drive includes entering entirely new geographical markets for the company, specifically targeting countries such as New Zealand and Canada, signaling a bold move into established, high-potential Western economies. This move highlights Joyalukkas’s commitment to consolidating its position as a truly global leader in the premium jewellery retail sector.

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GGJS 2026 Concludes With High-Volume Trade and Strategic Focus On Next-Gen Leadership

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– The 16th edition of the Gujarat Gold Jewellery Show (GGJS 2026), jointly organized by GGJS and the Gold Ornaments Jewellers Wholesalers Association (GOWJA), successfully concluded its three-day B2B trade exhibition at the Helipad Exhibition Centre in Gandhinagar. The landmark event reinforced its position as a premier national platform for business networking, product sourcing, design innovation, and trade collaboration.

Under the leadership of GOWJA President Hiteshbhai Soni, Vice President Akshaybhai Mehta, and the organizing committee, GGJS 2026 recorded unprecedented trade visitor footfall, substantial bulk order placements, and strong participation from leading jewellers, manufacturers, wholesalers, and retail delegations across India.

Jointly organized by GGJS (Gujarat Gold Jewellery Show) & GOWJA (Gold Ornaments Jewellers Wholesalers Association), the B2B exhibition is creating a strong platform for business networking, product sourcing, market opportunities and industry collaboration, with a special focus on the participation and aspirations of the young jeweller’s community.

The grand inauguration was graced by  Guests of Honour boCHE (Dr. Boby Chemmanur), Chemmanur International Jewellers, A.B.S. Sanjjay, AVR Swarna Mahal Jewellers, Pramod Dugar, India Gem & Jewellery Creation, , Anil Kataria, DP Abhushan Ltd, Ajay Talla, Talla Jewellers, along with Special Guests Surendra Mehta, National Secretary-IBJA, Ankit Vaidya, Founder & CEO- Jewel Partner, Dharmendra Soni,Past President -GOWJA,  Shampatlal Jain, President -Shree Manekchowk Sona Chandi Dagina Jewellers Association and dignitaries and leaders  from the GJ industry.Present at the inauguration were GOWJA President Hitesh Soni and Vice President Akshay Mehta and GOWJA committee members.

Following the opening ceremony, Day 1 featured the Young Jewellers Summit (J20), highlighting the next generation of industry leaders. Designed to empower young entrepreneurs looking to scale emerging ventures or modernize legacy businesses, the summit presented actionable insights into modern retail strategies, technology integration, and sustainable growth.

The summit featured two flagship panel discussions:

  1. The New Rules of Jewellery Growth – Focused on modern scaling strategies, digital expansion, and evolving consumer preferences.
  2. Building a Business That Can Outlive You – Explored legacy preservation, professionalization, and tech-driven business transformation.

Day 2 saw accelerated commercial momentum as thousands of regional wholesalers, elite retail buyers, and trade delegates visited the exhibition halls. Exhibitors presented an extensive range of collections, spanning cutting-edge craftsmanship, lightweight daily wear, and heavy bridal jewellery.

Key highlights of Day 2 included:

  • High-Volume B2B Engagement: Nationwide buyers placed substantial bulk orders, reflecting strong retail demand rebound ahead of the upcoming festive and wedding seasons.
  • Operational Excellence: Streamlined visitor hospitality and floor management facilitated efficient business negotiations and trade deals.
  • Knowledge Sharing: Industry seminars and walkthroughs addressed BIS hallmarking compliance, sustainable trade practices, and the integration of AI-driven inventory management tools.

GGJS 2026 wrapped up on a high note, delivering measurable business value to exhibitors and attendees alike. The event bridged classic craftsmanship with modern enterprise management, serving as an incubator for long-term partnerships and market growth. From empowering young entrepreneurs at the J20 Summit to facilitating high-value commercial transactions, this edition has demonstrated the resilience, dynamism, and future-readiness of the Indian jewellery sector.

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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.

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