Joyalukkas to Invest ₹3,600 Crore in 40 New Stores, Targets ₹41,000 Crore Revenue by FY27.

Jewellery retailer Joyalukkas has unveiled plans to invest ₹3,600 crore to expand its retail network with 40 new showrooms across India and international markets by the next financial year, as part of its next phase of growth. The expansion will increase the group’s total showroom count to 230 from the current 190.

Of the proposed additions, 15 outlets will be opened overseas, including entry into new markets such as New Zealand and Canada, according to Joy Alukkas, Chairman and Managing Director of the group. The remaining stores will strengthen the company’s presence across key domestic markets.

The investment aligns with Joyalukkas’ structured growth strategy, with the company projecting revenue of ₹35,000 crore in FY26, up from ₹30,000 crore in FY25. Driven by new store additions and deeper penetration in international markets, turnover is expected to rise further to ₹41,000 crore in FY27, representing growth of around 16 per cent.

Overseas operations currently account for nearly 35 per cent of the group’s total revenue, a share that is expected to increase with the planned expansion. The store rollout will also support job creation, with the company’s workforce projected to grow to about 13,000 employees from the current 11,000.