Kalyan Jewellers to open 14 new showrooms in April
Kalyan Jewellers has announced that it will open 14 new showrooms across seven states during the first quarter of the next financial year -- all on April 24, 2021.
The company plans to open majority of its new showrooms in tier 2, 3 cities as it sees huge growth potential in these markets.
Commenting on the expansion plans, chairman of Kalyan Jewellers, TS Kalyanaraman, in a statement said: "During the first quarter we will be adding a total of 14 new outlets and expanding our retail presence by 13 percent. Kalyan Jewellers has a sizeable presence across 21 states, and we are positive that we will be able to capitalise on the foundations that we have laid, and leverage our already established processes, purchase ecosystem system and market understanding to aid growth momentum.”
“We have also put in place strict hygiene measures across all our showrooms, to ensure the safety of our customers,” he added.
Kalyan Jewellers currently has 107 showrooms in India and 30 in the Middle East. The company had recently raised Rs 1,175 crore ($160 million) through an IPO.
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