Latest news with #Candere
Fashion Network
a day ago
- Business
- Fashion Network
Titan's Caratlane eyes growth, more stores as young Indians embrace low-carat jewellery
Titan Company's Caratlane aims to surpass last financial year's revenue growth, as younger Indians warm up to lower-carat jewellery and the brand plans to open more stores, its top boss told Reuters. Brands selling lower-carat jewellery, including Caratlane and Kalyan Jewellers' Candere, are rapidly expanding as younger Indians increasingly buy such pieces for adornment in a country that traditionally views jewellery as an investment. Around Valentine 's Day this year, Caratlane launched 9-carat jewellery in a country that mainly buys 22-carat gold. Candere plans to open 80 stores in India in the year that started April 1, matching the number of higher-priced Kalyan locations planned for the same period, while larger-sized Caratlane aims to open more than 40 outlets, mostly in smaller cities. As of end-March, Caratlane had 322 stores, making it the second-largest jewellery brand by store count within the Tata Group. The brand contributes about 6% to Titan's overall revenue. "Overall growth (in fiscal 2026) ... will be no less than what we have done last year," Caratlane Managing Director Saumen Bhaumik said in an interview after market hours on Friday. In the year ended March 31, Caratlane's topline jumped 24% to 35.83 billion rupees ($418.96 million), with earnings before interest and taxes at 2.96 billion rupees, helping the brand record its best year. Profit for the nascent financial year "is going to be significantly better", Bhaumik said. In recent months, while soaring gold prices have led many Indians to opt for lightweight, lower-carat jewellery to stay within budget, Bhaumik said Caratlane's average bill value has still inched up by a tenth, aided by new launches. Caratlane plans to open a second U.S. store in Dallas by the festival of Deepavali this year and two Dubai outlets within eight months.
Yahoo
a day ago
- Business
- Yahoo
Titan's CaratLane eyes growth, more stores as young Indians embrace low-carat jewellery
By Praveen Paramasivam (Reuters) -Titan Company's CaratLane aims to surpass last financial year's revenue growth, as younger Indians warm up to lower-carat jewellery and the brand plans to open more stores, its top boss told Reuters. Brands selling lower-carat jewellery, including CaratLane and Kalyan Jewellers' Candere, are rapidly expanding as younger Indians increasingly buy such pieces for adornment in a country that traditionally views jewellery as an investment. Around Valentine's Day this year, CaratLane launched 9-carat jewellery in a country that mainly buys 22-carat gold. Candere plans to open 80 stores in India in the year that started April 1, matching the number of higher-priced Kalyan locations planned for the same period, while larger-sized CaratLane aims to open more than 40 outlets, mostly in smaller cities. As of end-March, CaratLane had 322 stores, making it the second-largest jewellery brand by store count within the Tata Group. The brand contributes about 6% to Titan's overall revenue. "Overall growth (in fiscal 2026) ... will be no less than what we have done last year," CaratLane Managing Director Saumen Bhaumik said in an interview after market hours on Friday. In the year ended March 31, CaratLane's topline jumped 24% to 35.83 billion rupees ($418.96 million), with earnings before interest and taxes at 2.96 billion rupees, helping the brand record its best year. Profit for the nascent financial year "is going to be significantly better", Bhaumik said. In recent months, while soaring gold prices have led many Indians to opt for lightweight, lower-carat jewellery to stay within budget, Bhaumik said CaratLane's average bill value has still inched up by a tenth, aided by new launches. CaratLane plans to open a second U.S. store in Dallas by the festival of Deepavali this year and two Dubai outlets within eight months. ($1 = 85.5210 Indian rupees)
Entrepreneur
6 days ago
- Business
- Entrepreneur
Mrunal Panchal, Shraddha Kapoor, Radha Vembu, and Devanshi Kejriwal Lead the 2025 Candere Hurun India Women Leaders List
Roshni Nadar Malhotra, Chairperson of HCL Technologies, leads the next-generation women leaders category, with HCL valued at INR 4.87 lakh crore. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In a landmark celebration of women's leadership, the 2025 Candere Hurun India Women Leaders List has spotlighted 97 inspiring women shaping India's future across wealth, influence, entrepreneurship, and philanthropy. Among the standout names this year are Mrunal Panchal, Shraddha Kapoor, Radha Vembu, and Devanshi Kejriwal, each representing a unique facet of India's evolving leadership narrative. From social media to enterprise, these women are leaving an indelible mark on India's economic and cultural fabric. The list — jointly released by Candere and Hurun India — is the first of its kind, categorising women leaders across nine distinct sectors including Influencer Founders, Celebrity Investors, Young Women Leaders, First-Generation Wealth Creators, and more. Candere's Managing Director Sanjay Raghuraman said, "At Candere, we celebrate the spirit of today's woman—self-made, driven, and defining success on her own terms… this initiative honours those who lead with resilience, creativity, and impact. It's a celebration of substance, style, and strength." Mrunal Panchal, a content creator turned entrepreneur, leads the Most Followed Women Influencer Founders category. Her journey from fashion and lifestyle reels to building a strong digital brand exemplifies the new-age power of influence as enterprise. Simultaneously, actor and entrepreneur Shraddha Kapoor commands the Most Followed Celebrity Investor spot, leveraging her platform not only for entertainment but for savvy investments in sustainable and tech-forward startups. In the realm of traditional business excellence, Radha Vembu, co-founder of Zoho, emerges as the top First-Generation Wealth Creator, with a staggering net worth of INR 55,300 crore. Her low-profile yet high-impact leadership is a blueprint for bootstrapped success stories in India's software ecosystem. Devanshi Kejriwal, the youngest honouree at just 28 years old, shines in the Young Women Leaders category. As Co-founder and CPO of Skillmatics, she is redefining early learning tools for children, building a globally recognized Indian ed-tech brand. Hurun India Founder Anas Rahman Junaid added, "Indian women are no longer waiting to lead—they are driving India's economic, social, and cultural renaissance… The 2025 Candere Hurun India Women Leaders List shines a spotlight on the extraordinary force women represent in India's inclusive growth story." Financial services and consumer goods are the most represented sectors. Interestingly, the average age of the women featured is 51, with 25% under the age of 35 — indicating a growing wave of young leadership.
Mint
6 days ago
- Business
- Mint
Hurun India spotlight: Meet Mrunal Panchal, 26-year-old influencer founder with 5.5 million Instagram followers
Candere and Hurun India on Wednesday released a list of womenleaders and wealth creators who are significantly impactingkeysectorsofthe Indian economy. The list includes outstandingwomen in different categories suchas professionals, first-generation wealth creators, next-generation leaders, investors, philanthropists, young women leaders, artists, most followed influencer founders, and most followed celebrity investors. 'The 2025 Candere Hurun India Women Leaders List celebrates India's youngest women making waves across diverse fields. Leading the pack is 26-year-old Mrunal Panchal, the youngesthonouree, whose inclusion underscores a bold truth: age is no barrier to impact,' the company said in a statement. Mrunal Panchal is a beauty content creator turned entrepreneur. She is the founder of a start-up, Mrucha Beauty. With over 5.5 million followers on Instagram, Mrunal tops Candere and Hurun India's list of leading women influencer founders. From viral makeup reels to beauty entrepreneurship, Mrunal Panchal, popularly known as Mrunu, has seamlessly blended content with commerce. In November 2024, she launched Mrucha Beauty, a brand rooted in bold individuality and inclusivity. With millions of social media followers and ₹ 2 crore in sales within five months, her shift from influencer to founder has been trailblazing. Mrucha's vivid lipsticks resonate with Gen Z, celebrating self-expression and diversity. More than just cosmetics, Mrucha is a creative community. Mrunal's journey proves that passion with purpose can redefine the beauty industry. SanjayRaghuraman,ManagingDirectorofCandere, said: 'AtCandere,we celebrate the spirit of today's woman — self-made, driven, and defining success on her own terms. Our association with the 2025 Candere Hurun India Women Leaders List is atributeto womenwhoarereshapingIndia'seconomic andculturalnarrativewith purpose and perseverance. Just as our jewellery is designed to empower women in their everyday lives — balancing ambition with elegance — this initiative honours those who leadwithresilience, creativity and impact. It's a celebration of substance, style, and strength.'
Mint
6 days ago
- Business
- Mint
Hurun India List: Meet Mrunal Panchal, youngest Most Followed Influencer Founder with 5.5 million Instagram followers
Candere and Hurun India on Wednesday released a list of women leaders and wealth creators who are significantly impacting key sectors of the Indian economy. The list includes outstanding women in different categories such as professionals, first-generation wealth creators, next-generation leaders, investors, philanthropists, young women leaders, artists, most followed influencer founders, and most followed celebrity investors. 'The 2025 Candere Hurun India Women Leaders List celebrates India's youngest women making waves across diverse fields. Leading the pack is 26-year-old Mrunal Panchal, the youngest honouree, whose inclusion underscores a bold truth: age is no barrier to impact,' the company said in a statement. Mrunal Panchal is a beauty content creator turned entrepreneur. She is the founder of a start-up, Mrucha Beauty. With over 5.5 million followers on Instagram, Mrunal tops Candere and Hurun India's list of leading women influencer founders. From viral makeup reels to beauty entrepreneurship, Mrunal Panchal, popularly known as Mrunu, has seamlessly blended content with commerce. In November 2024, she launched Mrucha Beauty, a brand rooted in bold individuality and inclusivity. With millions of social media followers and ₹ 2 crore in sales within five months, her shift from influencer to founder has been trailblazing. Mrucha's vivid lipsticks resonate with Gen Z, celebrating self-expression and diversity. More than just cosmetics, Mrucha is a creative community. Mrunal's journey proves that passion with purpose can redefine the beauty industry. Sanjay Raghuraman, Managing Director of Candere, said: 'At Candere, we celebrate the spirit of today's woman — self-made, driven, and defining success on her own terms. Our association with the 2025 Candere Hurun India Women Leaders List is a tribute to women who are reshaping India's economic and cultural narrative with purpose and perseverance. Just as our jewellery is designed to empower women in their everyday lives — balancing ambition with elegance — this initiative honours those who lead with resilience, creativity and impact. It's a celebration of substance, style, and strength.' 'This is the beginning of a movement. Together with Hurun India, we envision this platform evolving into a dynamic community of changemakers — a collective of India's most inspiring women leaders. At Candere, we are committed to championing not just individual success, but a shared journey of empowerment, mentorship, and progress — celebrating women whose brilliance is not only seen, but lived every day,' he added.
