National News

Raniwala 1881 Partners with Francorp to Scale Retail Footprint Through Franchising

The iconic Jaipur-based jewellery house adopts FOFO and FOCO models to expand across India while preserving its royal heritage and artisanal legacy

Published

1 year ago

April 15, 2025

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Raniwala 1881, the luxury jewellery brand rooted in Jaipur’s rich heritage, has announced a strategic alliance with Francorp, the franchising advisory arm of Franchise India Group, to fuel its next phase of growth through a structured franchise model.

This partnership marks a significant milestone for the 140-year-old brand as it seeks to expand its retail footprint across India while staying true to its legacy of regal design and meticulous craftsmanship.

Under the agreement, Raniwala 1881 will implement both Franchise-Owned, Franchise-Operated (FOFO) and Franchise-Owned, Company-Operated (FOCO) models. These formats aim to offer opportunities for entrepreneurs and investors to be part of the evolution of one of India’s most prestigious fine jewellery brands.

“Our jewellery is more than just adornment; it is a representation of centuries-old craftsmanship and a deep-rooted heritage,” said Abhishek Raniwala, Managing Director of Raniwala 1881. “With the growing demand for handcrafted Polki and Jadau jewellery, this partnership with Francorp allows us to expand while preserving our brand’s exclusivity.”

Founded in the 19th century by Rai Bahadur Champalal of Beawar, the brand carries a legacy dating back to the British era, when the family was honored with the title “Raniwala.” The brand continues to be a trusted name in bridal jewellery, known for its 18-karat gold Polki pieces that appeal to both Gen Z and Millennial audiences.

Over the years, Raniwala 1881 has also collaborated with some of India’s top fashion designers, including Sabyasachi Mukherjee, Manish Malhotra, and Rahul Mishra, reinforcing its place at the intersection of heritage and high fashion.

The shift toward franchising comes as India’s jewellery market undergoes a transformation, with consumers increasingly gravitating toward branded, story-driven luxury pieces that offer authenticity and traceability.

Francorp will help guide Raniwala 1881’s expansion across metro cities and fast-growing luxury markets, ensuring a consistent retail experience that honors the brand’s heritage.

“Luxury retail is evolving rapidly, and heritage brands like Raniwala 1881 are leading the way in strategic expansion while maintaining timeless elegance and exclusivity,” said Gaurav Marya, Chairman of Franchise India Group. “Franchising provides an effective model to scale without compromising brand integrity. With FOFO and FOCO formats, we’re introducing a new dimension to luxury jewellery retail in India.”

Related Topics:2025 luxury jewellery nationalnews Raniwala

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National News

P N Gadgil Jewellers Delivers Record Q1 FY27 Revenue Of 24,130 Mn; With 41% Revenue Growth, 57% EBITDA Growth & 52% PAT Growth; YoY

Published

5 hours ago

July 28, 2026

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P N Gadgil Jewellers Limited, one of the most reputed jewellers in the country, boasting 194 years of excellence in craftsmanship and trusted service in the retail business of gold, silver, and diamond jewellery, announced its unaudited financial results for the quarter ended 30^th June 2026.

Key Financial & Operational Highlights:

Retail Contribution: Retail sales continued to strengthen, with the retail share of total revenue increasing to 78% in Q1 FY27 from 70% in Q1 FY26, reflecting the Company’s continued focus on expanding its high-margin retail business.
Strong Same-Store Performance: The Company delivered a robust Same-Store Sales Growth (SSSG) of 46.1% YoY, driven by healthy customer footfalls and higher transaction volumes.
Improving Product Mix: The retail stud ratio improved to 10.9% from 9.9% in the previous quarter. Notably, the recently launched stores across Northern and Central India are delivering a significantly higher stud ratio in the range of 15% to 18%, validating the Company’s expansion strategy into markets with structurally higher demand for studded jewellery. Additionally, LiteStyle by PNG recorded an impressive stud ratio of 32.9%, highlighting strong customer acceptance of the newly launched lightweight jewellery brand.
Healthy Gold Retail Mix: Retail sales of Gold vedhani, bars and coins (GBC) accounted for 21.7% of total retail revenue during the quarter, while the average gold purchase per invoice is 4.84 grams. The Company’s (GBC) strategy continues to strengthen customer acquisition and retention, with the conversion to jewellery ratio improving to 53% in Q1 FY27 from 46% in FY26, and reinforcing the long-term value of this customer lifecycle strategy.
Retail Product-wise Performance: During the quarter, the diamond category continued to witness exceptional momentum, delivering 29% growth in value and 26% growth in volume, underscoring increasing customer preference for studded jewellery and supporting the Company’s premiumization strategy. The gold category recorded a robust 54% growth in value, while volumes remained broadly stable with only a 1% YoY moderation, reflecting healthy demand despite elevated gold prices. The silver category registered 131% growth in value, even as volumes softened slightly by 7% YoY.
Outstanding Festive Performance: The Company delivered a strong Akshay Tritiya performance, with festive sales increasing 80.3% YoY to Rs 2,514.1 Mn, driven by robust consumer demand, effective festive campaigns and continued market share gains during the festive season.
Higher Customer Engagement: Healthy customer acquisition continued across markets, with footfalls increasing 25.9% YoY to 214,587, while maintaining a robust conversion rate of 91.8%, reflecting strong brand recall, healthy demand and the Company’s ability to consistently convert store visits into purchases.
Growth in Transactions & Spending: Transaction volumes increased 26.3% YoY, while the Average Transaction Value (ATV) is Rs 92,264, indicating healthy customer engagement and higher spending per visit.

Strengthened Hedging Framework: The Company further enhanced its risk management practices by increasing its overall hedge coverage to approximately 70%, significantly reducing exposure to gold price volatility. The Company intends to increase hedge coverage to 80%+ in the near term, with a long-term objective of achieving near-full inventory hedge coverage (~100%), thereby enhancing earnings stability and reducing commodity price risk.
Underlying Operating Performance: The remaining unhedged inventory resulted in a unhedged gain of Rs 97 Mn during Q1 FY27, compared to Rs 101 Mn in Q1 FY26. Excluding this unhedged gain, Adjusted EBITDA increased to Rs 1,827 Mn from Rs 1,128 Mn, with the Adjusted EBITDA Margin improving to 7.6% from 6.6% in the corresponding quarter last year.
Adjusted Profitability: Excluding the net impact of the unhedged gain, Adjusted PAT stood at Rs 981 Mn in Q1 FY27, compared to Rs 618 Mn in Q1 FY26, translating into an Adjusted PAT Margin of 4.1%, as against 3.6% in the corresponding quarter last year.
Expansion Pipeline on Track: During the quarter, the Company remained focused on enhancing the productivity of its existing network while progressing site identification, franchise partner onboarding and operational readiness for its upcoming expansion, with a significant focus on Northern and Central region, in line with its growth strategy.

As of 30th June 2026, the Company operated 78 stores (77 in India and 1 in the U.S.A.). A few store launches are planned during Q2 FY27, with the majority of the year’s expansion scheduled across Q3 and Q4 FY27, in line with the Company’s phased rollout.