STRONG JEWELLERY STOCK EYEING EXPANSION AND PLANNING TO OPEN 170 NEW STORES IN FY26

One of India's top jewellery retailer,

plans to open 170 stores through a franchise model in domestic and overseas markets this financial year. This will help the company reduce its debt liabilities. As of June 30, 2025, the company's total showrooms across India and the Middle East stood at 406. Going forward, the company will expand through franchise model and will use the excess cash to reduce its debt. Most of the overseas expansion will be focused on the US, UK and the Middle East markets. Other proposals are from countries like Australia, Malaysia, and Singapore, having a large Indian diaspora. The company is also planning to set up a contract manufacturing hub in Thrissur before the end of this financial year. It has acquired land for this purpose and will bring together the contract manufacturers under one place in the city. The company's has seen a sales growth of 32% CAGR and Profit growth of 47% CAGR over the past 3 years. Currently the stock price is trading at Rs 580 which is about 25% from it's all time high. Further, the stock price has risen by more than 40% in the last 5 months making it a good opportunity for long term investing.