Kalyan Jewellers has set a target to open 170 new showrooms in FY2026, following the successful addition of 46 showrooms in Q3FY25, bringing its total to 349. The expansion includes 75 Kalyan showrooms in non-south India, 15 in southern India and international markets, and 80 Candere showrooms across India. The company is also focusing on franchisee-owned company-operated (FOCO) formats for its new stores.
In Q3FY25, Kalyan recorded a 39% revenue growth, with strong performance in both India and the Middle East. Candere, Kalyan's digital platform, saw an impressive 89% revenue increase. Kalyan's aggressive expansion strategy comes as competition in the branded jewellery market intensifies.
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