Lalithaa Jewellery opens 66th store, posts 26 percent Q1 revenue growth
LALITHAA · price
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Lalithaa Jewellery Mart opened its 66th showroom in Mayiladuthurai, Tamilnadu. The company has expanded from 61 to 66 stores since April 2026, adding 5 new outlets. Q1 FY2027 revenue grew 26 percent year-on-year, its first results as a listed company. Stable gold prices cut inventory gains contribution to gross margin by over 90 percent YoY, but Core Gross Margin from making charges improved 20 bps, showing underlying business strength. Demand supported by weddings and festive season.
Strong revenue growth and core margin resilience signal healthy fundamentals; expanding footprint supports future growth. Positive for shareholders.