Latest news with #SaumenBhaumik
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.
Reuters
a day ago
- Business
- Reuters
Titan's CaratLane eyes growth, more stores as young Indians embrace low-carat jewellery
June 9 (Reuters) - Titan Company's ( opens new tab 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' ( opens new tab 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)
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)
Fashion Network
4 days ago
- Business
- Fashion Network
Caratlane announces strategic partnership with Amazon India
Tata Group brand Caratlane has partnered with Amazon India to bring its fine jewellery collection to the latter's multi-brand e-commerce platform and expand its offering in the premium fashion and accessories category. The collaboration aims to enhance access to certified gold and gemstone jewellery for consumers across metros and smaller towns. Through this partnership, shoppers can now browse a curated selection of rings, earrings, necklaces, and bracelets for women and children, crafted in gold and adorned with certified diamonds or gemstones, Ad Gully reported. To mark the launch, customers can access discounts of up to 20% on select products. Amazon will offer 48-hour delivery in key metros including Mumbai, Delhi, Bengaluru, Pune, Hyderabad, Chennai, and Ahmedabad, while catering to other cities through its pan-India logistics network. 'We are excited about this partnership with Amazon, India," said Caratlane's managing director Saumen Bhaumik, Indian Retailer Bureau reported. "This collaboration helps us further our mission of making stunningly beautiful jewellery more accessible, blending convenience with craftsmanship. Together, we're reaching many new hearts and homes across India." The launch supports both brands' goal of making fine jewellery more discoverable and accessible through organised online channels. 'CaratLane resonates deeply with today's modern Indian consumer- aspirational, design-forward, and digitally savvy," said Amazon India Fashion and Beauty's director Siddharth Bhagat.
Fashion Value Chain
5 days ago
- Business
- Fashion Value Chain
Amazon India, CaratLane Unite for Fast Luxe Jewellery
Amazon India has announced a strategic alliance with CaratLane, a Tata enterprise and a leader in modern fine jewellery, to make premium pieces more accessible to online shoppers across the country. This collaboration brings CaratLane's certified diamond and gemstone jewellery to delivering high-quality pieces with the speed and ease of Amazon's trusted services. Through this partnership, customers can explore CaratLane's curated range of gold and gemstone jewellery for women and kids—including rings, earrings, necklaces, and bracelets—on the Amazon Fashion storefront. The launch is supported by introductory offers of up to 20% off and promises 48-hour delivery in key cities like Mumbai, Delhi, Bengaluru, Pune, Hyderabad, Chennai, and Ahmedabad. CaratLane, established in 2008, is widely recognized for its craftsmanship, contemporary appeal, and customer-first approach. By joining hands with Amazon, the brand is further extending its reach into the digital retail landscape. Saumen Bhaumik, Managing Director of CaratLane, noted, 'This partnership allows us to blend fine craftsmanship with unmatched convenience, reaching more customers across India.' Siddharth Bhagat, Director at Amazon Fashion and Beauty, emphasized, 'CaratLane connects deeply with the digitally savvy, style-conscious Indian consumer. We're thrilled to offer their collection with Amazon's promise of speed and service.' The move highlights both brands' shared vision of democratizing luxury, making elegant jewellery choices available to a wider demographic beyond just metro cities. Note: Prices, descriptions, and offers are provided by sellers. Amazon functions as an online marketplace and is not responsible for product claims or pricing.
