Caratlane expands in South India, opens fifth store in Bengaluru

By

Maverick Martins

Published
Mar 27, 2018

Titan Limited owned omni channel jewellery brand Caratlane has further expanded its presence in the lucrative south Indian market with the addition of its fifth store in the city of Bengaluru.
 

The new store is located at one of the high street arenas in South Bengaluru at 4th Block, Jayanagar. Earlier in the month the brand had opened its fourth store at Kammanahalli in the city.
 
With eyes firmly set on profitability in fiscal 2019, CaratLane is rapidly expanding its physical presence for further growth. It expects sales revenue this fiscal to touch Rs 300 crore (approx $47.2 million).

 “We are extremely proud to launch our fifth store in Bengaluru. Like all our other stores, here too we've created a whole new world of precious jewellery - beautifully urbane and edgy designs for everyday wear. The store also houses a solitaire corner and the virtual try-on 'magic mirror' for those 'just looking' moments. Our store here is a testament to our commitment to make modern, affordable jewellery increasingly accessible.” Mithun Sacheti, Founder & CEO CaratLane said, while speaking about the launch.
 
Caratlane currently has 35 physical outlets across the country and by the end of March plans to set up 7 more stores across places like Hyderabad, Patna, Ranchi and Indore.