Among the top most jewellery retailer companies has been CaratLane which has maintained its upward trend. For the financial year that ended March 2024, the total company sales grew by 42% equal to Rs 3,081 crore. But rapid growth strategies negatively impacted on the company’s profits by a small margin.
On the downside, there is a reduction in the overall profit of the business, however, the financial health of the CaratLane is rock solid. The company generated enhanced total revenues emanating from the growth of the company’s online and offline jewelry products. Also, The cost structure of CaratLane such as the cost of getting raw materials and employee’s remuneration increased as the firm expanded.
During the 1Q-FY25, caratLane reported an increase in both the total income as well as the EBITDA which suggest a favorable prognosis for the company. Moreover, as a Tata Group’s subsidiary, CaratLane can be regarded as a beneficiary of the company’s future development in the sphere of jewelry.
