Kalyan Jewellers plans retail expansion, entry into USA market

Kalyan Jewellers Ltd is planning to expand its retail presence by opening stores in domestic and international markets including two stores in the USA during the financial year 2025.

The company’s expansion in the United States market include one store each in New Jersey and Chicago.

Kalyan Jewellers will strengthen its domestic presence by opening 130 outlets that will include 50 Candere stores through the franchise owned company operated model.

“For the next year, we plan to open at least 80 Kalyan Jewellers showroom in India, at least 50 Candere stores in India and six showrooms overseas. Our expansion is completely fuelled by franchisee partners now. They will invest the money for the inventory and the capex for a store, and Kalyan Jewellers will run the store for them and it’s a margin share,” Ramesh Kalyanaraman, executive director of Kalyan Jewellers India told the Hindu newspaper in an interview.

Kalyan Jewellers currently has a retail presence of over 250 showrooms across India and the Middle East.