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Kalyan Jewellers, one of India’s leading jewellery retailers, is set to accelerate its expansion through a franchise-led model as it targets 18–20% revenue growth by FY26. The company plans to open around 30 new stores annually across India and the Middle East, with a strong focus on the franchise-owned company-operated (FOCO) format to enhance market penetration and operational efficiency. As of September 2025, Kalyan Jewellers operates 436 showrooms worldwide, including 178 FOCO outlets, covering more than 10,67,000 sq. ft. of retail space.
The move builds on robust Q2 FY26 results, which saw revenue rise 30% year-on-year to ₹78,560 million, EBITDA jump 56% to ₹4,970 million, and profit after tax double to ₹2,605 million. Alongside store expansion, the company is emphasizing omni-channel integration to unify online and offline sales, margin stability through gold exchange and premium product offerings, and improved working capital management.
By combining its strong brand equity with the scalability of the franchise model, Kalyan Jewellers aims to deepen its reach into tier-2 and tier-3 markets while strengthening its international presence, positioning itself for sustained growth in the organized jewellery sector.
This article was originally published by the Franchiseindia.com. To read the full version, visit here 
