Kalyan Jewellers is planning to strengthen its retail footprints in the non-south market by adding 10 showrooms before Diwali. It is planning to add 10 more stores, five each company-owned and franchise model, in non-south markets, including three in Delhi/NCR, three in Uttar Pradesh, two in Maharashtra, one each in Odisha and Chhattisgarh. For this expansion, the company has outlined a capex of around Rs 250-300 crore, which will be raised through internal accruals.
Kalyan Jewellers India designs and manufactures gold, diamonds, stones, and other precious metal jewelry products. The company serves customers worldwide.
