Exciting news from Thrissur! Kalyan Jewellers, the well-known jewellery retailer, is zooming ahead with a fresh plan to expand faster and smarter. In their recent Q2FY26 report, the company revealed they will focus on FOCO showrooms, which means Franchise-Owned Company-Operated outlets. This clever move lets them grow quickly without heavy spending. As of September 30, 2025, Kalyan boasts 174 FOCO stores in India. But hold tight, because they have signed letter of intents (LOIs) for a whopping 89 new FOCO shops lined up for FY26! Their digital-first brand, Candere, is also jumping on the FOCO train, already running 54 such showrooms. The excitement isn't limited to India. Kalyan plans smart, careful expansion in the Middle East and a bold entry into the US market, both leaning on franchise-led models. This all fits their grand strategy of growing with less cash tied up — what they call capital-efficient growth. Kalyan's money moves grab attention, too. They plan to use 40-50% of profits to repay debts and reward shareholders. Since April 2023, they've cleared a massive Rs 6,461 crore in working capital loans and declared a dividend payout of over 20% for FY25. The results speak loudly. Q2FY26 saw a fantastic 31% revenue jump! This was powered by 16% same-store sales growth and a flood of new customers, who made up more than 38% of total sales. Plus, franchised stores contributed nearly 49% of quarterly revenue. Margins are shining bright thanks to smarter buying and better operating leverage. In just one quarter, they added 15 new showrooms (13 net) in India, proving Kalyan Jewellers is not just shining but sparkling on the jewellery retail scene. Could this be the golden path others will follow?