CaratLane plans to open around 40 stores in FY27, with a limited share of outlets to be company-owned, a senior executive told Press Trust of India (PTI).
The Tata Group-backed jewellery retailer currently operates close to 369 stores, with company-owned outlets accounting for 13% of the network.
Of the proposed additions, approximately 10% will follow the company-owned model.
The rollout will take place in stages.
During the first quarter, the company will prioritise identifying locations and evaluating store opportunities, while actual openings are expected to begin from the second quarter of the financial year.
Regionally, the expansion strategy will focus on northern, eastern and southern markets, with comparatively fewer stores planned in western regions.
The company said the expansion will be financed through internal accruals, without specifying the total capital expenditure.
CaratLane managing director Saumen Bhaumik, as reported by The Hindu Business Line, citing PTI, said: “Right from the beginning of the year, we launched several stunning collections with monotonous regularity, and we made sure that we kept it affordable.
“Then we had a consistent marketing calendar that generated enough and more desire for the brand. So, with the combination of many things, we are expecting high double-digit revenue growth this fiscal year.”
On the international front, the company operates one physical store in New Jersey and is planning to open a second outlet in Dallas, US. It is also assessing further expansion opportunities in West Asia.
CaratLane runs three manufacturing facilities, including two in Mumbai and one in Chennai.
“CaratLane plans 40 new stores in FY27, eyes regional expansion – report” was originally created and published by Retail Insight Network, a GlobalData owned brand.
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