The report notes that the brand is eyeing to open a second United Store (US) store in Dallas by the festival of Deepavali this year
With the demand for lower-carat jewellery gaining interest from the younger Indians, Titan company’s CaratLane is eyeing to open more stores and is looking to surpass the revenue growth of the last financial year, Reuters reported.
CaratLane aims to open more than 40 outlets, primarily in small cities, while on the other hand, Candere plans to open 80 stores in the country in the year that started on 1 April 2025. As of end-March, CaratLane had stores, making it one of the biggest jewellery brands within the Tata Group by store count, the report noted.
The report highlighted that the brand’s topline surged 24 per cent to Rs 35.8 billion in the year ended 31 March 2024, with earnings before interest and taxes at Rs 2.96 billion. The brand expects the profit for the nascent fiscal year to be significantly better.
As soaring gold prices have led many buyers to opt for lightweight, lower-carat jewellery, the report noted that CaratLane’s average bill value has still inched up by a tenth, supported by new launches. The brand is eyeing to open a second United Store (US) store in Dallas by the festival of Deepavali this year, the report emphasised, while adding that it looks to open two Dubai outlets within the next eight months.
