Jewellery retailer DP Abhushan, which is eyeing Rs 3,900-4,000 crore revenue this financial year, is planning to foray into Gujarat, Chhattisgarh and Maharashtra, a top company executive has said.
“We are currently present in Madhya Pradesh and Rajasthan with 11 stores in 10 cities. Now we have a plan to expand into more states and are entering into Gujarat, Chhattisgarh, and Maharashtra, by adding 3-5 stores annually. We are in expansion mode and expecting around Rs 3,900-4,000 crore revenue in 2025-26. In FY25, we closed the revenue at Rs 3,300 crore,” DP Abhushan Promoter Vikas Kataria told PTI.
The company is planning for 20-25 per cent annual growth.
Besides, after 2-3 years, D P Abhushan is planning to expand to the North and other parts of the country.
The Ratlam-headquartered company has Rs 15-20 crore capex to fund its expansion, he said adding that “we are doing this funding through internal accrual”.
At present, the company has a debt of Rs 170-180 crore.
“At present,
