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.