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Kalyan Jewellers plans target of Rs 13,000 crore
Intends to open 20 stores by current fiscal
By: Diamond World News Service
Sep 27 2016 9:29AM
Reference: 13459  

Kalyan Jewellers is planning a robust expansion to increase its retail reach and offerings to its consumers, reports say. The company is a leading jewellery brand headquartered in the Indian state of Kerala.

It is eyeing a revenue target of Rs 13,000 crore and has crossed revenues of Rs 10,000 by March 2016, as per reports.

To help achieve its revenue targets, the company intends to increase its store count by 20 retail outlets in this financial year, of which six have already opened. It recently added two showrooms to its Chennai stores. With this, its current store count would stand at around 102 including domestic and international stores. The company plans to enter the states of Madhya Pradesh and Uttar Pradesh on the domestic front and take on its expansion internationally to Sri Lanka and Malaysia. It currently enjoys a good presence in Dubai. Investment in expansion is earmarked at around Rs 900 crore, as per reports.

To take ahead its consumer connection, the company is increasing its consumer-related schemes. It has launched the Kalyan Priority Programme and the gold chit scheme.

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