Plans to accelerate expansion to 100 stores by FY24
PMJ Jewellers, South India’s most loved fine jewellery brand, today launched its 1st small format mall-store, at Sarath City Capital Mall, Kondapur.
This is PMJ’s 1st store in the new format and the 27th store in South India, the 6th store in Hyderabad and states the intent of the brand’s aggressive expansion plans.
Noted Kuchipudi exponent and Padma Shri awardee G Padmaja Reddy, who revived the dance form ‘Kakatiyam’ that existed 1,400 years ago in the Kakatiya dynasty, was the guest of honour.
The new store will effuse a distinctive aesthetic – balancing timeless tradition and fresh, contemporary design. The collection of exquisitely handcrafted pieces with diamond and other precious gemstones including rubies, emeralds, and sapphires, as well as exotic gems will be handset in 18kt and 22kt gold.
On display will be bracelets, pendants, necklaces, earrings, and more, ranging from light weight everyday wear, ideal gifting solutions, and to stunning one-of-a-kind statement pieces to elevate your look.
“We have reached this milestone only with the strong support and guidance from our customers and well-wishers. It is indeed a moment of pride for us to open our first mall-store. PMJ had in the past and continues to follow an approach which has helped us meet changing customer preferences and expectations.”Dinesh Jain, MD of PMJ Jewels said
“PMJ Jewellers is on a retail expansion mode and these small format stores will be one of our major growth drivers along with the larger format stand-alone stores. This will help us tap into the tremendous opportunities arising from the economic recovery and the aspirational intent of the newer generation. We will continue our retail expansion with these stores to get closer to customers and continue to strengthen product offerings to cater to their needs.”He also said,
PMJ Jewels is well known for timeless designs, intricate craftsmanship and believe that jewellery should be a sentiment which becomes an integral part of the family and should be passed on to the generations to come.
PMJ is well known in the industry for creating new benchmarks in the business while inspiring people and encouraging the art of handcrafted jewellery.
“This is a new beginning for us and we decided to make a foray into this model to accelerate our expansion. Considering the business momentum and accelerated demand in the last 3-4 quarters, we have decided to enter into this model of expansion plans of 100 small format mall-stores by end 2024.”PMJ Jewels CFO Kiran Shinde and COO Vincent Braganza,
“We welcome everyone to experience PMJ’s personalized hospitality while enjoying convenient retail shopping at a location close to your home”they concluded.
The jewellery sold at PMJ undergoes various purity and quality tests, is tested to ensure only natural diamonds are used, and is BIS Hallmark certified.
The group provides lifetime free maintenance to the jewellery in any of its showrooms.
About PMJ Jewels