Even though jewellers pay the insurance premium on behalf of the customer for the first year, thereafter, customers may renew the policy directly with the insurance company.
Of the 30 showrooms, the company plans to add 15 Kalyan showrooms in India, two Kalyan showrooms in the Middle East and 13 Candere showrooms, it said. "The ongoing quarter should witness the launch of the company s 250th showroom in Ayodhya, a milestone in our journey," Kalyan Jewellers added.
The company plans to double the number of stores in the next two years to try and come close to Titan s scale, although a gap may still persist as Titan is adding 30-40 showrooms per year.