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Kalyan Jewellers forecasts over 25% revenue growth in 2025 with 160 new stores despite high gold prices.
Kalyan Jewellers, India's top gold and diamond retailer, expects over 25% revenue growth this year, expanding with 160 new stores due to increased demand for lower-carat jewelry.
Despite high gold prices, wealthy Indians continue to invest in gold, while the middle class prefers less expensive options.
The company sees consumers buying more frequently and favoring chains over independent jewelers, though this rapid expansion could reduce profit margins.
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Kalyan Jewellers prevé un crecimiento de ingresos de más del 25% en 2025 con 160 nuevas tiendas a pesar de los altos precios del oro.