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We met with the administration of Kalyan Jewellers India Ltd. to know concerning the present enterprise surroundings and outlook forward.
The administration indicated that the enterprise momentum stays resilient whereas underlined demand has been very robust in April/Could pushed by festive season (Akshay Tritiya) and delayed weddings.
Firm plans to open its first pilot franchise retailer beneath FOCO mannequin in Maharashtra shortly and intends to open 5 extra in subsequent few months.
Its Center‐East operation too witnessed demand uptick and firm plans to open two new shops quickly.
Administration expects revenues to develop robust double digit aided by retailer addition, whereas gross margins to enhance, influenced by rising share of studded jewellery within the non‐ south markets.
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