CaratLane
Financial Performance
CaratLane Revenue & Financials
Revenue
~$544M (FY2026)
Net Income
~$31.1M
Employees
2,800
What is CaratLane's revenue?
CaratLane had ~$544M in revenue for fiscal year 2026, up 30.9% from 2025. Net income was ~$31.1M.
- Latest revenue
- ~$544M (FY2026)
- Year-over-year
- +30.9%
- Growth rate (CAGR)
- 27.4% over 2 years
- Peak revenue
- ~$544M (FY2026)
- Years of data
- 3
- Employees
- 2,800
- How much profit does CaratLane make?
- CaratLane reported net income of ~$31.1M for fiscal year 2026. cfo.economictimes.indiatimes.com
- How many employees does CaratLane have?
- CaratLane has about 2,800 employees.
Financial Analysis
CaratLane's results are reported inside Titan Company's jewelry segment. Revenue (excluding bullion and digital gold) rose from about $335 million (₹2,889 crore) in FY24 to ~$416 million (₹3,583 crore) in FY25 as reported by Titan, and to roughly ₹4,690-4,700 crore in FY26. FY26 EBIT rose about 60% to ~$54.1 million (₹466 crore) and profit after tax reached ~$31.1 million (₹268 crore). Growth accelerated into FY27: CaratLane grew about 22% in Q4 FY26 to ~$124 million (₹1,066 crore) and about 40% year on year in Q1 FY27 (April-June 2026). An asset-light, mostly franchised store network keeps capital needs lower than for traditional jewelers that own their full inventory and showrooms. CaratLane reached a valuation of approximately $2 billion when Titan Company acquired the remaining stake from the founders in 2023.
Revenue Trend Analysis
YoY Change
+30.9%
2-Year CAGR
+27.4%
Peak Year
2026
Trend
Not enough comparable years
CaratLane has 3 full fiscal year figures on this page, compounding at +27.4% annually over 2 years. The most recent year saw a 30.9% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at ~$544M. Of 2 comparable year-over-year steps, 2 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2026 | ~$544M | ~$31.1M | +30.9% | ETCFO interview with CaratLane CFO Jigar Vyas Fiscal year ended 31 March 2026. Mint reported ~$545 million (₹4,702 crore) with EBIT of ~$54.1 million (₹466 crore). |
| FY2025 | ~$415.6M | — | +24.0% | Titan Company results (CaratLane) Fiscal year ended 31 March 2025, income excluding bullion and digital gold. Earnings before tax ~$34.3 million (296 crore rupees). |
| FY2024 | ~$335.1M | — | — | Titan Company results (CaratLane) Fiscal year ended 31 March 2024, income excluding bullion and digital gold as reported by Titan. |
Click any row to see year details.
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CaratLane Revenue and Financial FAQ
What was CaratLane's annual revenue in recent fiscal years?
CaratLane reported revenue of ~$416 million (₹3,583 crore) for fiscal year 2025, up from ~$335 million (₹2,889 crore) in fiscal 2024.
What was the valuation of CaratLane when Titan acquired the founder's stake in 2023?
In August 2023, Titan Company acquired founder Mithun Sacheti's remaining 27.18% stake for 4,621 crore rupees ($555 million USD), valuing CaratLane at an equity valuation of over 17,000 crore rupees (approximately $2.05 billion USD).
Is CaratLane profitable on an operating and EBITDA basis?
Yes, CaratLane is operating profit and EBITDA positive, generating strong operational margins supported by high gross merchandise margins on diamond fine jewelry, efficient digital customer acquisition, and lean inventory turnover.
How much does CaratLane contribute to Titan Company's overall financial results?
CaratLane represents one of Titan Company's fastest-growing subsidiary divisions, contributing approximately 6% to 8% of Titan's total jewelry revenue while capturing the rapidly growing everyday fine jewelry self-purchase segment.
What are CaratLane's gross margins on diamond and fine gold jewelry?
CaratLane maintains healthy gross margins of approximately 30% to 35% on its fine diamond jewelry products, benefiting from direct diamond sourcing, in-house design capabilities, and high-efficiency precision manufacturing.
How does CaratLane manage working capital and inventory holding costs?
By combining physical store display inventory with digital catalogs and rapid 7-day to 10-day made-to-order manufacturing, CaratLane achieves significantly higher inventory turnover ratios than conventional bridal jewelry showrooms.
What return on capital did early venture capital investors achieve from CaratLane?
Early backer Tiger Global invested approximately $50 million across multiple venture rounds in CaratLane between 2011 and 2015, exiting completely to Titan in 2016 and 2019 with substantial capital returns.
What are CaratLane's capital expenditure plans for retail store expansion?
CaratLane allocates hundreds of crores annually to open 40 to 50 new omnichannel boutique stores each year, targeting high-street fashion hubs and prime shopping malls across metro and emerging non-metro Indian markets.
How much is CaratLane worth?
In 2023, Titan Company (part of the Tata Group) bought out the remaining stake from the founders, valuing the massive jewelry startup at nearly $2 billion (over Rs 17,000 crore).
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "CaratLane Revenue & Financials." CorpDigest, https://corpdigest.com/company/caratlane/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>CaratLane reported ~$544M in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/caratlane/financials" target="_blank" rel="noopener">CorpDigest — CaratLane financials</a></div>Related Financial Audits
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