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Palmonas Makes North India Debut with New Store in Delhi’s Omaxe Chowk

The demi-fine jewellery brand brings its affordable, everyday wear collection to the heart of Chandni Chowk, with Bollywood star Shraddha Kapoor leading the charge.

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Demi-fine jewellery label Palmonas has launched its first retail store in North India, opening doors at the bustling Omaxe Chowk in Chandni Chowk, New Delhi. The store showcases a wide selection of lightweight, stylish jewellery designed for modern women and features promotional visuals of Bollywood actress and brand co-founder Shraddha Kapoor.

“Palmonas was born out of the idea to offer stylish, long-lasting, and affordable jewellery for modern Indian women,” said Shraddha Kapoor, India Retailing reported. “Each piece is crafted to complement everyday looks while making a statement. I’m so excited to see our first North India store come to life at such a vibrant location like Omaxe Chowk, Chandni Chowk.”

The new outlet offers a curated range of necklaces, rings, bracelets, and earrings tailored to Indian shoppers looking for contemporary, budget-friendly jewellery. With its focus on tarnish-resistant, lightweight designs perfect for everyday use, Palmonas has built a strong global footprint, shipping to over 200 countries.

“Omaxe Chowk, Chandni Chowk, with its blend of heritage and modern infrastructure, is emerging as a launchpad for such brands,” said Omaxe Group’s executive director Jatin Goel. “Palmonas’ entry here is not just a store opening—it represents the growing appetite for curated, experiential retail that resonates with the next generation of shoppers.”

Founded in Pune in 2022 by Pallavi Mohadikar and Amol Patwari, Palmonas later welcomed Shraddha Kapoor as a co-founder. With this Delhi debut, the brand joins an elite line-up of jewellery labels at Omaxe Chowk, including Tanishq, Malabar, CaratLane, Kalyan Jewellers, Senco, and Kisna, as it continues to expand its presence in India’s thriving jewellery market.

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Shankesh Jewellers Revenue Grew 52% y-o-y To Rs 980 Cr in H1FY27, EBITDA Surged 51% y-o-y to Rs 98Cr

Management anticipates continued earnings momentum through H2FY27, supported by peak festive demand across Dussehra and Diwali in Q3FY27, the winter wedding season, and retail footprint expansions by its major corporate partners.

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Robust Financial Momentum: Shankesh Jewellers Ltd  released its figures for H1 FY27.Revenue grew 52% y-o-y to Rs 980 Cr in H1FY27 and EBITDA surged 51% y-o-y to Rs 98Cr (vs Rs 65 Cr in H1FY26), maintaining a strong 10.0% EBITDA margin, driven by expanding wallet share from existing corporate clients and new client additions. 

Upgrading Corporate Infrastructure: ShankeshJewellers moved into a new corporate office in Q2FY27 to streamline digital cataloguing, customer showcases, and strict BIS-hallmarked quality assurance workflows.

Strong H2 Outlook: Management anticipates continued earnings momentum through H2FY27, supported by peak festive demand across Dussehra and Diwali in Q3FY27, the winter wedding season, and retail footprint expansions by its major corporate partners.

With more than 30 years and two generations of experience, Shankesh have made a fusion of experience and experiments in the jewellery industry. The design, quality, and service have always kept them  way before our competition.

Their  design carries their identity. Each handmade jewellery praises the art of our karigars, and each machine-made ones talk about their entire journey. , Shankesh offer a wide range of gold jewellery collection of different categories.

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