Kalyan Jewellers hits new high on expansion plans; stock up 14% in 3 days

With this recent gain, the stock quoted 41 per cent higher against its issue price of Rs 87 per share
13-12-2022

Kalyan Jewellers plans to add 52 showrooms in 2023, to expand footprint

Kalyan Jewellers India on Thursday said it is planning to expand its retail footprint by over 30 per cent in the next calendar year by adding 52 showrooms. The expansion will mainly focus on the non-South region, which currently contributes 35 per cent to the India business, the company said in a statement. The expansion will be majorly fuelled by franchisees. The company operates on FOCO (Franchise Owned Company Operated) model. It plans to scale up existing operations in all the metros and is also looking to extend its geographical footprint in tier II and III markets in the north, east and western regions. On the global front, Kalyan Jewellers said it is witnessing positive demand momentum and buoyant customer sentiments in the Middle Eastern business which contributes around 17 per cent to its consolidated revenue. The company is looking at initiating a pilot franchise model in the region, post which a robust expansion plan will be laid out for its international operations, it
08-12-2022

Kalyan Jewellers hits new high in a weak market; rallies 18% in 4 days

The stock hit a new high at Rs 116.35 and has surged 111% from its record low of Rs 55.20 touched on May 11, 2022.
05-12-2022
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