The Kalyan Jewellers business model is centered on retailing gold and studded jewellery through a network of company-owned and franchise showrooms. Revenue is generated primarily from the sale of jewellery, with pricing based on gold rates, making charges, and design premiums. A key component of the model is inventory management, as jewellery retail requires significant working capital. Kalyan optimizes this through centralized sourcing, supplier relationships, and inventory rotation strategies. The company also benefits from gold saving schemes and advance purchase programs, which improve customer retention and provide predictable cash flows. Franchise partnerships enable expansion with reduced capital expenditure while maintaining brand standards. This hybrid approach allows Kalyan to scale its retail footprint while balancing capital efficiency and operational control.