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Kalyan Jewellers planning to open 170 stores through franchise model in FY26

04 Aug 2025 Evaluate

Kalyan Jewellers India is planning to open 170 stores through a franchise model in domestic and overseas markets this fiscal (FY26), which will help reduce its debt liabilities. The domestic expansion will be across non-south markets, including tier I, II, III and IV markets through the franchise model. The company's overseas expansion will be focused on the US, UK and the Middle East till next fiscal. 

As of June 30, 2025, Kalyan Jewellers' total showrooms across India and the Middle East stood at 406 (Kalyan India - 287, Kalyan Middle East - 36, Kalyan USA - 2, Candere - 81). The company also looking at opening 80 stores under its lifestyle jewellery brand Candere. 

Kalyan Jewellers India designs and manufactures gold, diamonds, stones, and other precious metal jewelry products. The company serves customers worldwide.


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