Kalyan Jewellers launches ATM brand in Chennai, plans four more Tamil Nadu stores
Kalyan Jewellers has opened a 25,000 sq ft Chennai showroom for its Tamil Nadu-focused Akshaya Thanga Maligai (ATM) brand. The retailer plans four additional state stores within six months and ₹300 crore in investment this financial year.
Kalyan Jewellers has launched Tamil Nadu-focused brand Akshaya Thanga Maligai (ATM), opening a 25,000 sq ft Chennai showroom and planning four more state stores within six months. It will invest ₹300 crore this financial year in the regional jewellery format.
Why this matters
The Tamil Nadu expansion follows recent Kalyan Jewellers signals on share-price resistance near ₹620 and reports of a 5 crore-share block deal, shifting focus to physical retail growth.
Store openings are steady, with 1,641 retail signals recorded in the past 90 days; QoQ figures were not provided.