Kalyan Jewellers sees ‘amplified demand shift away from unorganised sector’

Kalyan Jewellers, one of India's leading jewellery chains, is witnessing a significant shift in consumer preference from the unorganised market to established brands like itself.

This trend is reflected in the company's robust same-store-sales growth (SSSG), which stood at 10% in Q2, with the South region registering an 8% growth. The company targets a consistent SSSG of 5-6%.

Ramesh Kalyanaraman, Executive Director shared insights into the company's recent performance and future plans in a chat with CNBC-TV18. He noted that Q3 has started on a strong note, with revenue growth so far at 35% and the India business growing the fastest. This surge in revenue is accompanied by a notable increase in footfalls across stores.