Kalyan Jewellers gains on planning to launch 11 new showrooms across India in August 2023

Kalyan Jewellers India is planning to launch 11 new showrooms across India in August. With this expansion, the jewellery brand will mark the milestone of its 200th showroom launch globally in Jammu. This landmark achievement commemorates the brand’s three-decade-long journey, marked by an unwavering commitment to trust and transparency, the cornerstones of its success.

The upcoming showroom launches scheduled for August include Patna, Nawada, Sitamarhi, and Arrah in Bihar, Faridabad and Panipat in Haryana, Anand in Gujarat, Dehradun in Uttarakhand, Jabalpur in Madhya Pradesh, and Chembur in Mumbai. Apart from these, Kalyan Jewellers will be making a foray in Jammu, with a showroom at Channi, which will be the brand’s 200th showroom globally. The jewellery brand aims to explore the untapped potential of Tier-2 and Tier-3 markets, with its unique brand proposition of a service-backed shopping experience and distinctive design philosophy.

Currently, the company is present across 22 states and union territories in India as well as 4 countries in the Middle East. Currently, the company has 76 showrooms in South India, 48 showrooms in North and Central India, 23 in West India, 16 outlets in East India, and 33 in the Middle East. The company is all set to expand its operations across key non-South markets, symbolizing its commitment to broadening the footprint and plans to further solidify its presence at a Pan-India level.

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

Today, the stock opened at Rs 170.55, with a high and low of Rs 173.00 and Rs 170.55. The stock is currently trading at Rs 172.10, up by 1.21%.

The stock has a 52-week high of Rs 187.55 and a 52-week low of Rs 66.45. The company has a ROCE of 12.7% and an ROE of 13.5% with a market capitalisation of Rs 17,712 crore.
Investors should keep a close eye on this stock.

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