National News
Kalyan Jewellers to expand in non-South markets via franchise model
Kalyan Jewellers said it will accelerate the rollout of franchise-owned company-operated (FOCO) showrooms to drive expansion in India and overseas. Nearly half its revenue now comes from franchised stores, and most new openings in FY26 will follow the capital-light FOCO model as the company focuses on improving returns and reducing debt.
Thrissur-based jewellery retailer Kalyan Jewellers plans to sharpen its focus on franchise-owned company-operated (FOCO) showrooms as it scales both in India and overseas, according to its Q2FY26 earnings investor presentation. The jeweller said future incremental expansion will be driven largely through capital-light franchise formats, aimed at improving returns and reducing balance sheet leverage.
The company, which has 174 FOCO showrooms in India as of September 30, 2025, has signed letter of intents (LOIs) for 89 new FOCO outlets to be opened in FY26. Its digital-first brand Candere will also expand primarily through the FOCO route, with 54 such showrooms already in place. Internationally, Kalyan said calibrated expansion in the Middle East and entry into the US market will similarly rely on franchise-led stores.
The shift is part of a broader strategy towards capital-efficient growth. The company aims to use 40-50% of profits to repay debt and invest in shareholder returns. Since April 2023, Kalyan has repaid Rs 6,461 crore in working capital loans in India and declared a dividend payout of over 20% for FY25.
The jeweller reported about 31% revenue growth in Q2FY26, supported by 16% same-store sales growth and continued strong new customer additions, which accounted for over 38% of sales. Nearly 49% of quarterly revenue came from franchised showrooms. Margin gains were driven by improved procurement efficiencies and operating leverage.
National News
Tradition Meets Everyday Style: Mangalsutras For Karva Chauth From Candere By Kalyan Jewellers
Candere by Kalyan Jewellers reimagines the traditional mangalsutra with contemporary designs for festive celebrations and everyday wear
Karva Chauth brings together cherished rituals, festive dressing and the celebration of love and togetherness. For many women, the mangalsutra holds a special place in the occasion—a symbol of marriage and commitment, chosen with care and worn with meaning.
While its significance remains rooted in tradition, its designs continue to evolve. Alongside classic necklaces, diamond mangalsutras, rings and bracelets offer contemporary ways to wear this familiar symbol, bringing personal style to a treasured piece of jewellery.
This Karva Chauth, Candere by Kalyan Jewellers presents a curated selection of mangalsutras spanning classic and contemporary designs. From delicate necklaces to distinctive ring and bracelet styles, the edit offers pieces that complement festive ensembles and can become part of an everyday jewellery wardrobe.
Myrina Diamond Mangalsutra Ring Taking the mangalsutra beyond the traditional necklace, the Myrina Diamond Mangalsutra Ring offers a modern way to carry its symbolism on the hand. The design combines the familiar aesthetic of a mangalsutra with the everyday ease of a ring, making it a subtle choice for women who prefer contemporary jewellery.
Wear it on its own as a meaningful statement or pair it with delicate gold or diamond bands for a layered ring look. It is an understated way to bring the sentiment of Karva Chauth into everyday styling.
Bhavanya Diamond Mangalsutra Oval Bracelet For women who prefer their mangalsutra to be understated yet distinctive, the Bhavanya Diamond Mangalsutra Oval Bracelet offers a contemporary wrist-wear interpretation. The design brings the traditional essence of a mangalsutra into a bracelet silhouette, making it a practical alternative to the conventional necklace while retaining its symbolic character.
Style it with slim gold bangles or delicate bracelets for a festive layered look or wear it on its own for a more minimal expression.
Lucky Clover Gold Evil Eye Watch Charms Bringing a contemporary twist to a familiar mangalsutra detail, the Lucky Clover Gold Evil Eye Watch Charms feature black beads alongside a lucky clover and evil eye motif. The combination brings together the traditional character of mangalsutra-inspired jewellery with a modern, personalised accessory designed for everyday wear.
Accessorize the charm with a watch to introduce the familiar, black-beaded detail in a more contemporary way, or pair it with other jewellery for a subtle festive look.
Floraline Diamond Mangalsutra Delicate and feminine, the Floraline Diamond Mangalsutra brings a contemporary touch to the traditional mangalsutra silhouette. Crafted in 14K yellow gold, the design features a floral-inspired diamond motif that adds a subtle element of sparkle while keeping the overall look refined.
Its minimalist character makes it an elegant choice for women who prefer their festive jewellery to feel sophisticated without being overwhelming.
Forever Together Solitaire Mangalsutra For a contemporary take on the traditional mangalsutra, the Forever Together Solitaire Mangalsutra pairs a classic silhouette with the understated brilliance of a solitaire diamond.
Its clean design makes it especially suited to the growing trend of layered jewellery, allowing the mangalsutra to become part of a more personalised, modern stack. Layer it with fine gold chains of varying lengths for a fashion-forward festive look or wear it on its own when you want the solitaire to stand out.
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