Kalyan Jewellers to launch 14 showrooms across 7 states
By Retail4Growth Team | March 30, 2021
The new stores being opened across India will increase the company’s store count to 151 from the present 137r
Kalyan Jewellers recently announced it will expand its retail presence and open 14 new showrooms on April 24. The jewelry retailer went public with Rs 1,200 cr IPO last week.
The new stores being opened across India will increase the company’s store count to 151 from the present 137.
As part of the expansion, the jewelry retailer from Thrissur will open its second Chennai showroom on North Usman Road and two scheduled to open in Matunga and Lower Parel Phoenix Palladium mall, Mumbai. In Delhi, it will open a store in the western location of Dwarka, and another in Dilsukhnagar in Hyderabad.
The other stores are being planned in Noida (UP), Nasik (Maharashtra), Jamnagar (Gujarat), Pathanamthitta (Kerala), Nagercoil, Madurai and Trichy (TN) and Khammam and Karimnagar (Telangana). Most of these will mid-sized showrooms.
“Kalyan Jewellers has a sizable presence across 21 states, and we are positive that we will be able to capitalize on the foundations that we have laid, and leverage our already established processes, purchase ecosystem system and market understanding to aid growth momentum,” said TS Kalyanaraman on the big bang expansion plan.
Kalyan Jewellers is one of the handful of Kerala-based jewelry retailers that are expanding their footprint across India, after first having established a presence in the Middle East. Kalyan Jewellers currently has 107 showrooms in India and 30 in the Middle East.
