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Home » Latest News » Markets » Indian Markets

Kalyan Jewellers’ Growth Strategy for Candere

4 months ago Indian Markets 2 Mins Read

Kalyan Jewellers, a major player in the Indian gems and jewelry market, has ambitious plans for its online subsidiary, Candere. The company aims to achieve Rs 1,000 crore in revenue for Candere within the next two to three years. This growth strategy is built upon several key initiatives:

  • Expanding Digital Presence: Kalyan Jewellers plans to leverage Candere’s digital platform to reach a wider audience and capitalize on the growing online jewelry market in India.
  • Focus on Profitability: The company expects Candere’s PBT (Profit Before Tax) margin to grow at a faster rate than revenue, indicating a focus on improving operational efficiency and profitability.
  • New Showrooms: Kalyan Jewellers plans to open company-owned and company-operated (COCO) showrooms for Candere, which is expected to further boost revenue and profitability, particularly from 2027 onwards.

Key Insights:

  • Aggressive Growth Targets: The revenue target of Rs 1,000 crore for Candere represents a significant increase from its current revenue, indicating Kalyan Jewellers’ strong belief in the growth potential of the online jewelry market.
  • Emphasis on Profitability: The focus on PBT margin growth highlights the company’s commitment to achieving sustainable profitability, not just revenue growth.
  • Omnichannel Strategy: The plan to open COCO showrooms for Candere suggests that Kalyan Jewellers is adopting an omnichannel approach, integrating its online and offline presence to provide a seamless customer experience.

Investment Implications:

  • Positive Outlook for Kalyan Jewellers: The ambitious plans for Candere could contribute significantly to Kalyan Jewellers’ overall revenue and profitability in the coming years, potentially boosting investor confidence and driving stock performance.
  • Growth of Online Jewelry Market: This news highlights the rapid growth of the online jewelry market in India, presenting opportunities for investors interested in this sector.
  • Competition: Investors should also consider the competitive landscape in the online jewelry market and monitor how Candere’s growth compares to its competitors.
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Rajiv Kumar is a stock broker and financial consultant with a deep understanding of the market. He owns a successful firm where he helps individuals and companies make smart investment decisions. Rajiv provides personalized advice and strategies to help his clients achieve their financial goals. His expertise and commitment to client satisfaction have earned him a strong reputation in the finance industry.

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