Caratlane

CaratLane eyes retail expansion with 40 new stores across India in FY27

Tata Group-backed jewellery brand CaratLane plans to open 40 stores in the coming financial year, 10 per cent of which will be company-owned, a senior executive said. "We have almost 50 stores right now, and we expect to add around 40 stores next year (2026-27); however, we won't be in a hurry to open them. In the first quarter, we will probably focus on exploring stores and in the second quarter, we will start the expansion for FY27. Around 10 per cent of these new stores will be owned by the company," CaratLane Managing Director Saumen Bhaumik told PTI. About 13 per cent of the current 50 operational stores are company-owned, he added. He said this expansion will be more in the north, east and the south, while in the west the openings will be fewer. "I think in north, east, and south, we will continue to expand. In the west, we will be opening fewer stores as we have already opened a decent number in that region. Right now, I want to make sure that every store in the western regi

CCI approves Titan's acquisition of additional stake in CaratLane

Fair trade regulator Competition Commission of India (CCI) on Tuesday cleared the acquisition of additional stake purchased by Titan in CaratLane. CaratLane is engaged in the business of manufacture and sale of gems and jewellery in India. The combination relates to the acquisition of 27.18 per cent share capital of CaratLane (a subsidiary of Titan) by Titan Company Ltd, on a fully diluted basis, from Mithun Padam Sacheti, Siddhartha Padam Sacheti, and Padamchand Sacheti, according to a release. Titan, a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), is active in several businesses through lifestyle brands, including jewellery, eye care, fragrances, and fashion accessories. In August, jewellery maker Titan announced that it is going to increase its stake in its subsidiary and new-age jewellery brand CaratLane to 98.28 per cent by acquiring an additional 27.18 per cent for Rs 4,621 crore. CaratLane was started as a purely online

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Titan plans to take on partial debt to fund Caratlane's acquisition

Sontalia said that Caratlane ended FY23 with a 9 per cent EBITDA margin, he believes there is room for it to grow as 75-80 per cent is diamond jewellery

Caratlane another jewel in Titan's crown; analysts positive on prospects

Although the Rs 4,621 crore deal may weigh on Titan's earnings in the short-term, analysts are positive on the long-term prospects

Titan set to buy out Esops of CaratLane staffers for Rs 350 crore

The transaction is anticipated to be finalised by October 31 of this year, subject to regulatory approvals

Titan buys additional 27.1% stake in CaratLane for Rs 4,621 crore

Upon completion of the deal, Titan will hold 98.28 per cent of equity in CaratLane-a private company engaged in the manufacture and sale of jewellery

Tata Group owned Titan Co to pay $560 million to raise stake in CaratLane

Titan has entered into a share purchase agreement to acquire all of the 91,90,327 equity shares held by the founder of CaratLane Trading Private Limited and his family members

Titan's plan to acquire remaining stake in CaratLane reaches an impasse

According to the original deal between Titan and CaratLane, Titan can acquire the remaining business of CaratLane. However, it has to be done at a value agreed upon by both parties

CaratLane to open 40 more stores by March 2020 amid tepid jewellery sales

CaratLane is eyeing a 56% jump in revenue at Rs 500 cr for FY19, from Rs 320 crore the previous year