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We met with the management of Kalyan Jewellers India Ltd. to understand about the current business environment and outlook ahead.
The management indicated that the business momentum remains resilient while underlined demand has been very strong in April/May driven by festive season (Akshay Tritiya) and delayed weddings.
Company plans to open its first pilot franchise store under FOCO model in Maharashtra shortly and intends to open five more in next few months.
Its Middle‐East operation too witnessed demand uptick and company plans to open two new stores soon.
Management expects revenues to grow strong double digit aided by store addition, while gross margins to improve, influenced by rising share of studded jewelry in the non‐ south markets.
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