CaratLane Aims for Stronger Growth with Store Expansion and Lower-Carat Jewelry

  Published 1 year ago

CaratLane targets higher revenue growth via store expansion and lower carat jewelry popularity in India, with new U.S. and Dubai outlets planned.

  • CaratLane's FY2023 revenue rose 24% to ₹35.83B, driven by lower-carat jewelry demand and 322 stores.
  • Plans to open 40+ new stores in smaller cities and 2 U.S. outlets by 2024, expanding global presence.
  • 9-carat jewelry launch and rising average bill values signal shifting consumer preferences toward affordable adornment.

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