Lalithaa Jewellery Plans Major Expansion Across India and Overseas

Lalithaa Jewellery is accelerating its business expansion following its recent IPO. Chairman and Managing Director M. Kiran Kumar said the company currently operates more than 60 showrooms across Telangana, Andhra Pradesh, Tamil Nadu and Karnataka. The jewellery retailer plans to open more than 110 additional outlets as part of its next phase of growth.

The company is also exploring opportunities to enter North Indian markets and expand its international presence. Stores are planned in Malaysia and Singapore, which could take the total number of showrooms to around 175. Kiran Kumar also said gold prices are expected to remain on a long-term upward trend, advising investors and customers not to be overly concerned about short-term price movements.