Written By: Bandana Gupta

India's love for gold and jewellery is legendary, deeply embedded in our culture and traditions. With the jewellery market projected to reach new heights by 2026, franchising has emerged as a powerful model for expansion in this glittering industry. Based on current growth trajectories, market presence, and brand strength, here's our forecast of the top 10 jewellery franchise that will dominate the Indian market in 2026.

Top 10 Jewellery Franchises in India 2026: Investment & ROI Insights

1. Tanishq (Titan Company)

Brand Overview: India’s most trusted jewellery brand, blending tradition with innovation. Current Presence: 360+ stores. Unique Selling Proposition: Unmatched quality, transparent pricing, and diverse designs. Franchise Model: Robust support with training, marketing, and inventory management. Financial Snapshot:

• Investment Range: ₹3–5 Crore (setup, inventory, branding).
• ROI Timeline: 4–5 years (break-even).
• Profit Margin: 8–12% (net). 2026 Projection: 500+ stores, deep penetration in Tier-2/3 cities.

2. Kalyan Jewellers

Brand Overview: Synonymous with trust and transparency. Current Presence: 140+ showrooms (India + Middle East). Unique Selling Proposition: "4 Assurance" hallmark and loyalty programs. Franchise Model: High margins, operational support. Financial Snapshot:

• Investment Range: ₹2.5–4 Crore.
• ROI Timeline: 3.5–4.5 years.
• Profit Margin: 7–10%. 2026 Projection: 250+ stores, focus on North/East India.

3. Malabar Gold & Diamonds

Brand Overview: Global giant with Indian ethos. Current Presence: 280+ stores globally. Unique Selling Proposition: Wide price range, craftsmanship focus. Franchise Model: Low entry barrier, high returns. Financial Snapshot:

• Investment Range: ₹2–3.5 Crore.
• ROI Timeline: 3–4 years.
• Profit Margin: 9–13%. 2026 Projection: 350+ domestic stores, #3 network in India.

4. Joyalukkas

Brand Overview: "Trust is our tradition" – global reach, local heart. Current Presence: 85+ stores in India (160+ globally). Unique Selling Proposition: Diverse collections, customer-centric approach. Franchise Model: Training + marketing support. Financial Snapshot:

• Investment Range: ₹2–3.5 Crore.
• ROI Timeline: 3.5–4.5 years.
• Profit Margin: 8–11%. 2026 Projection: 150+ Indian stores, Tier-1/2 focus.

5. PC Jeweller

Brand Overview: Competitive pricing, pan-India expansion. Current Presence: 90+ stores. Unique Selling Proposition: Affordable gold, diamond, and silver. Franchise Model: Brand visibility, flexible policies. Financial Snapshot:

• Investment Range: ₹1.5–2.5 Crore.
• ROI Timeline: 3–4 years.
• Profit Margin: 6–9%. 2026 Projection: 140+ stores, stronger West/South presence.

6. PNG Jewellers

Brand Overview: 150-year legacy, modernised for today. Current Presence: 40+ stores (strong in West India). Unique Selling Proposition: Traditional-contemporary fusion. Franchise Model: Regional expertise + support. Financial Snapshot:

• Investment Range: ₹1.8–3 Crore.
• ROI Timeline: 3.5–4.5 years.
• Profit Margin: 7–10%. 2026 Projection: 100+ stores, national footprint.

7. Tribhovandas Bhimji Zaveri (TBZ)

Brand Overview: Historic brand with modern retail vision. Current Presence: 35+ stores (Western India focus). Unique Selling Proposition: Heritage + contemporary experience. Franchise Model: Aggressive expansion, full support. Financial Snapshot:

• Investment Range: ₹1.5–2.5 Crore.
• ROI Timeline: 4–5 years.
• Profit Margin: 6–9%. 2026 Projection: 70+ stores in key metros.

8. Senco Gold & Diamonds

Brand Overview: Eastern India’s leader, now going national. Current Presence: 130+ stores. Unique Selling Proposition: Lightweight daily-wear jewellery. Franchise Model: Regional strength, scalable model.

 Financial Snapshot:

• Investment Range: ₹1.2–2 Crore.
• ROI Timeline: 3–4 years.
• Profit Margin: 8–12%. 2026 Projection: 200+ pan-India stores.

9. CaratLane (Titan Company)

Brand Overview: Online-first, omnichannel innovator. Current Presence: 150+ stores. Unique Selling Proposition: Modern designs, digital integration. Franchise Model: Hybrid model, tech-driven. Financial Snapshot:

• Investment Range: ₹1–1.8 Crore (lower due to digital focus).
• ROI Timeline: 2.5–3.5 years.
• Profit Margin: 10–14% (higher margins on lightweight jewellery). 2026 Projection: 300+ stores, urban digital-first markets.

10. Mia (Tanishq)

Brand Overview: Tanishq’s affordable luxury sub-brand. Current Presence: 100+ stores. Unique Selling Proposition: Modern, lightweight, working-women focus. Franchise Model: Standalone stores, focused support.

Financial Snapshot:

• Investment Range: ₹80 Lakhs – ₹1.5 Crore.
• ROI Timeline: 2.5–3.5 years.
• Profit Margin: 12–15% (highest in list). 2026 Projection: 180+ stores, urban/semi-urban markets.

Key Benefits of owning a Jewellery Franchise

• Trusted Brand Name: Instant credibility and customer trust by operating under a well-known jewellery brand.

• Established Business Model: Proven sales formats, store designs, and operational processes reduce business risks.

• High Demand Market: Jewellery in India is not just a luxury but also a cultural and investment necessity, ensuring steady demand.

• Strong Marketing & Promotions: National and regional marketing campaigns handled by the brand attract a consistent flow of customers.  
• Supply Chain Support: Franchisees get access to certified, high-quality jewellery through the brand’s established sourcing and manufacturing network.  
• Training & Operations Support: Brands provide staff training, showroom setup guidance, and customer service protocols.

• Diverse Product Portfolio: From gold and diamond to lightweight daily-wear jewellery, franchisees can target multiple customer segments.

• High ROI Potential: Jewellery has higher ticket sizes and margins compared to many other franchise sectors.

• Financing & Inventory Assistance: Some brands assist with financing, stock management, and buy-back options, reducing working capital pressure.  
• Scalability: Opportunity to expand to multiple outlets once the first showroom succeeds.

Important Considerations for Franchisees before Investing in a Jewellery Franchise

• Location:  Choosing the right location, such as quality malls or high-traffic areas, is crucial for success. 
• Due Diligence:  It is essential to perform thorough research and due diligence on any franchise opportunity, as advised by Franchise Bazar. 
•  Investment: Understand the investment range required by different brands to ensure it aligns with your financial goals. 

Essential Success Factors to Grow and Succeed in a Jewellery Franchise in India 2026

• Brand & Market Fit

• Choose a trusted brand aligned with local tastes (luxury, traditional, or modern).
• Ensure pricing matches the area’s purchasing power.
• Stand out from competitors with unique designs or services.

• Prime Location

• High-traffic spots: Malls, busy streets, or markets.
• Easy access, parking, and visible signage.
• Match local demand (e.g., wedding/festival hotspots).

• Smart Product Strategy

• Offer diverse designs (gold, diamonds, lightweight pieces).
• Competitive pricing + EMI options.
• Guarantee authenticity (hallmarks, certifications).

• Franchise Support

• Strong training for sales and operations.
• Ongoing marketing, tech tools, and inventory help.
• Reliable supply chain with good margins.

• Efficient Operations

• Manage stock wisely (avoid overstocking).
• Use tech for sales tracking, CRM, and online orders.
• Follow rules (hallmarking, taxes, security).

• Customer Experience

• Friendly service and after-sales support.
• Blend online + in-store shopping (e.g., virtual try-ons).
• Local promotions during festivals/weddings.

• Financial Health

• Clear costs: Franchise fees, setup, and working capital.
• Plan for gold price swings and seasonal sales dips.
• Aim for a 3–5 year break-even with steady margins.

• Growth & Risk Control

• Secure stores against theft (insurance, cameras).
• Understand renewal terms and expansion options.
• Adapt to trends (e.g., sustainable jewellery).

In short: Success hinges on pairing a strong brand with the right location, smart operations, and customer-centric service;all while managing finances and risks.

How to Start a Jewellery Franchise in India (2026)

•  Research the Market

            Study demand in your target city (gold, diamond, platinum, or fashion jewellery).

           Identify customer preferences—premium vs. affordable daily-wear

• Choose the Right Brand   Compare top jewellery franchises like Tanishq, Malabar, Kalyan, Senco, Orra, or Voylla.

           Evaluate brand strength, investment requirements, and franchise support

•  Check Franchise Requirements Minimum investment (₹20 lakhs to ₹20 Cr, depending on brand).   Store size/location criteria (prime markets, malls, or high-street areas).   Compliance with brand guidelines on interiors and on interiors and operations.
• Prepare Your Investment

  Cover franchise fee, store setup, inventory, security systems, and working capital.   Some brands may offer financing or inventory buy-back support.

•   Legal & Regulatory Compliance   Obtain GST registration, trade license, and BIS hallmarking certification.   For international brands, check import duties and customs regulations
•   Sign the Franchise Agreement   Review franchise terms: duration, territory rights, royalties, and exclusivity.   Seek legal advice before finalizing.
•  Set Up the Showroom   Follow brand-approved designs, interiors, and safety/security requirements.   Install POS systems and stock certified jewellery inventory
•  Hire & Train Staff Brand usually provides training in sales, product knowledge, and customer service.

         Ensure staff can handle high-value transactions professionally.

•  Launch & Promote Leverage brand advertising campaigns and local promotions. Use festive seasons (Akshaya Tritiya, Diwali, weddings) for strong sales pushes
• Monitor & Grow Track sales, customer feedback, and inventory turnover. Explore opening multiple outlets once the first store succeeds.

Expanding Jewellery Franchise Brands for 2026

• Kalyan Jewellers – Adding 170 new franchise stores across India and abroad, plus growth of its sub-brand Candere.
• Indriya (Aditya Birla Group) – Newly launched, aiming for 100 stores in 18 months through franchise partners.
• Raniwala 1881 – Heritage luxury jeweller from Jaipur, expanding with FOFO and FOCO franchise formats.
• Svaraa by Kalamandir Jewellers – Focus on lab-grown diamonds, offering franchise setups with ~₹3 Cr investment.
• Kisna Diamond & Gold Jewellery – Rolling out exclusive franchise stores (800–2000 sq ft formats).
• Aisshpra Jewellers – Regional leader in Purvanchal, now expanding with structured franchise support in training and merchandising.
• Candere (subsidiary of Kalyan) – Planning 80 showroom expansions with mixed formats (franchise + company-owned).
• CaratLane – Titan-backed brand, aggressively scaling in smaller cities and overseas markets.
• Savya Jewels – Emerging affordable/fashion jewellery brand, offering lower investment franchise formats (₹50 Lakhs–₹1 Cr).

Conclusion

Buying an Indian jewellery franchise is about diving into a world of elegance, artistry, and culture. You can make money, make friends, and be creative on your voyage. With a blend of tradition and entrepreneurship, the world of jewellery franchises offers a unique and rewarding path for the visionary entrepreneur.

Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risk and discretion. FranchiseBAZAR or its Directors disclaim any liability or risks arising out of any transactions that may take place due to the information provided in this blog.