AJC Jewel opens second Esthara Jewels showroom in Kerala, reiterates growth guidance
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AJC Jewel Manufacturers has commenced operations at its second Esthara Jewels showroom in Chemmad, Kerala, via subsidiary Esthara Jewels Pvt Ltd. Opened June 19, 2026, it sells 925 sterling silver and gold-plated silver jewellery, expanding D2C retail. Management reiterated consolidated revenue CAGR guidance of about 50 percent over three years and standalone revenue of around 450 crore rupees in FY27. Silver jewellery exports rose 52 percent YoY to USD 1.47 billion in FY26.
Positive sentiment as company expands retail footprint and reiterates 50 percent revenue CAGR target. Showroom ramp-up and D2C execution are key to watch for investors.