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DP Abhushan Targets 51 Stores and ₹15,000 Crore Revenue
DP Abhushan is a jewellery company that wants to open many more stores.
It currently has 12 stores in Madhya Pradesh and Rajasthan.
The company wants to have 51 stores by 2029-30.
Most new stores will be in smaller cities and towns.
It plans to expand into Gujarat, Chhattisgarh and Maharashtra.
Some stores will be owned by the company, while others will use franchise arrangements.
The company reported revenue of ₹4,065.13 crore in FY26 and hopes to reach ₹15,000 crore by FY30.
It plans to spend about ₹50 crore on the expansion and reduce its ₹180 crore debt.
DP Abhushan aims to reach ₹15,000 crore in revenue by FY30.
The jewellery retailer plans to expand from 12 stores to 51 by 2029-30.
Expansion will focus on tier-II and tier-III cities across central, northern and western India.
The company is entering Gujarat, Chhattisgarh and Maharashtra while continuing expansion in Madhya Pradesh and Rajasthan.
Around ₹50 crore will fund the expansion through internal accruals, while the company plans to reduce its current ₹180 crore debt.
- Who
- DP Abhushan and promoter Vikas Kataria.
- What
- The jewellery retailer plans to expand to 51 stores and target ₹15,000 crore in revenue by FY30.
- Where
- The expansion will cover central, northern and western India, including Madhya Pradesh, Rajasthan, Gujarat, Chhattisgarh and Maharashtra.
- When
- The plans target 2029-30; the announcement was published on September 6, 2026.
- Why
- The company wants to grow its footprint, especially in tier-II and tier-III cities, using company-owned, franchise and FOCO models.
Key facts
- Revenue target
- ₹15,000 crore by FY30
- Store target
- 51 stores by 2029-30
- Current stores
- 12 company-owned stores in Madhya Pradesh and Rajasthan
- Reported revenue
- ₹4,065.13 crore in FY26
- Expansion budget
- Around ₹50 crore, funded through internal accruals
- Current debt
- ₹180 crore
- First franchise location
- One franchise store has been finalised in Jabalpur, Madhya Pradesh
Quotes
Vikas Kataria
Promoter of DP Abhushan
“All 12 jewellery stores are company-owned. However, from this financial year, we are looking at the franchise or FOCO model to further our footprint. This will give us an opportunity to grow faster. We have already finalised one store under the franchise model in Jabalpur”
thehindubusinessline.com
“We have set a target of 51 stores by 2029-30, mainly in central, north and west India. For this phase of expansion, we are adopting a franchise model, as well as company-owned”
thehindubusinessline.com
Sources
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