The Kalyan Jewellers jewelry dealer plans to open 170 stores through a franchising model in national and foreign markets this fiscal, which will help reduce the liabilities of the debt, said an official of the Senior company.
As of June 30, 2025, the total showrooms of Kalyan Jewellers throughout India and in the Middle East were 406 (Kalyan India – 287, Kalyan Middle East – 36, Kalyan USA – 2, singing – 81), according to a regulatory deposit.
“We are planning to open 170 showrooms in 2025-26, of which 90 will be Kalyan and these, seven will be abroad: UK, US and Middle East. We are also trying to open 80 stores under our life jewelry brand singing.
“The domestic expansion will be through non -south markets, including level I, II, III and IV markets through the franchising model. In the future, the company will expand through the franchising model and will use the excess of money to reduce the debt,” the executive director of Kalyan Jewellers Ramesh Kalyanaman told PTI.Going forward, the company will expand through a franchise model and will use excess money to reduce its debt, he added.
“Last year, we reduced the debt of RS 400 crores, and this year we are planning to reduce it further by RS 300 crores, mainly taking the liabilities of the gold metal loan (GML), which will make the budget of the company lighter. We have a mortgage budget palette with the mortgage stakes of the budget. Noticed.
The company based in Thrissur has a capital of approximately RS 350-400 crores for maintenance and inventory for this financial year, said Kalyanaramanman.”Since the expansion is through franchises, we must not invest. Our capex for maintenance and inventory for this financial year is about 350-400 RS,” he said.
Information about the plans on Canding, Kalyanaraman has currently stated, the company is focusing on the domestic expansion of its jewelry brand.
“To sing, our goal will be India, in addition to this shop in Dubai, which will open in the next quarter. We need the brand to stabilize in the internal market and then eliminate the expansion plans outside the India, which will be around 2027-28,” he added.
On the expansion plans abroad abroad, he said that Kalyan Jewellers will enter the United Kingdom this budget.
“Our expansion abroad will be focused on the United States, the United Kingdom and the Middle East until the next balance sheet. We are receiving investigations from countries such as Australia, Malaysia and Singapore, with a great Indian diaspora; however, our expansion abroad will be very calibrated,” he said.
On production, he said that the company has producers of contracts and, for now, is focused on the front-end retail.
“We are working to improve the back-end and develop the roadmap for strengthening the back-end that will include the creation of a contract production hub in Thrissur before the end of this financial year. We have acquired land for this purpose that our contractors of contracts will bring together in a single place in the city,” said the director.
“Currently, we have over 1,000 contractors of contracts across the country.”
Information on the expectation of the company’s revenue, this fiscal, has said that the expansion is on the right road, which will give Kalyan Jewelers a growth in market shares. Monsone is also good this year. The same sales of shops in the last 8-9 quarters are witnessing a two-digit growth and there is a tail wind for the organized segment, he underlined.
“Therefore, all put together, we are very optimistic in the future,” he added.
The company had recorded net consolidated revenues of 5,557.63 RS in the first quarter (April-June) of 2025-26.
On market quotas expectations, he said that the market share grows every year in the range of over 1 % for Kalyan.
The current market share of the company in the organized segment is about 8-9 %, added Kalyanaraman.
