Lalithaa Jewellery Mart Limited
🏢 Company Overview
Lalithaa Jewellery Mart Limited is a prominent jewellery retailer headquartered in Chennai, Tamil Nadu. Established in 1985 in T. Nagar, Chennai, the company has grown to become one of South India’s leading jewellery brands. It operates 56 stores across Tier I, II, and III cities in Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and Puducherry. The company manages a total operational area of over 600,000 square feet, including a flagship store in Vijayawada that is among the largest jewellery retail outlets in India.
📈 Financial Highlights
- The company has shown significant revenue growth, increasing from approximately ₹13,317 crore in FY 2023 to ₹16,788 crore in FY 2024, which is a 26% growth.
- The profit after tax for the nine months ended December 31, 2024, was ₹262 crore.
- Between FY 2022 and FY 2024, Lalithaa Jewellery Mart has had a compound annual growth rate (CAGR) in operating revenue of 43.6%.
🛠️ Manufacturing & Workforce
- Lalithaa Jewellery Mart operates two manufacturing units located in Tamil Nadu — one in Thirumudivakkam (Chennai) and the other in Maraimalai Nagar (Kanchipuram).
- The company employs 563 skilled artisans, of which 474 are directly employed and 89 through a subsidiary company.
💎 Product Offerings
- The company offers a wide range of jewellery products including gold jewellery, silverware, and diamond jewellery.
- Their designs cater to diverse tastes, ranging from traditional to contemporary styles.
- They have customer-centric schemes such as ‘Dhana Vandhanam’ and ‘Free-yo-Flexi,’ which have over 420,000 active customers enrolled as of the end of 2024.
📊 IPO Details
- Lalithaa Jewellery Mart Limited is planning an Initial Public Offering (IPO) worth ₹1,700 crore, which includes ₹1,200 crore fresh issue and ₹500 crore offer for sale.
- The funds raised will be used for capital expenditure to open new stores and for general corporate purposes.
- The IPO allocation will be divided among Qualified Institutional Buyers, Non-Institutional Investors, and Retail Individual Investors.
🏆 Industry Standing
- Lalithaa Jewellery Mart reports the highest revenue per store among key organized jewellery players in India for the FY 2022 to FY 2024 period.
- It is also ranked as the second-fastest-growing regional jewellery player based on operating revenue growth during this timeframe.
Summary
Lalithaa Jewellery Mart Limited has established itself as a strong player in the Indian jewellery market through quality craftsmanship, customer-focused schemes, strategic manufacturing, and an expanding retail footprint. Their blend of traditional values with modern business strategies supports continued growth and market presence in South India and beyond.
Overview
