Tata Group Backed CaratLane Targets Retail Expansion with 40 New Stores in FY27

Tata Group’s CaratLane is reportedly planning to add around 40 stores in FY27, taking its total network beyond the current 369 outlets.  

As per PTI reports, the company does not plan to open all stores at once. Initial months will be used to finalise locations, with store openings expected to begin from the second quarter. 

Ownership Structure Remains Similar 

Only a small portion of the upcoming stores will be company-owned. Around 10% of the new outlets will fall under this category.  

At present, about 13% of its existing stores are owned by the company, while the rest are operated through franchise partners. 

Focus Areas for Expansion 

The new stores are likely to be spread across northern, eastern and southern regions. Openings in western India are expected to be limited for now.  

The company has indicated that the focus in the west will remain on improving performance at existing stores before adding more outlets. 

Funding and Business Performance 

The expansion is expected to be funded through internal accruals. No capital expenditure figure has been shared.  

The company reported revenue of ₹3,983 crore in FY25 and expects growth in the current year to remain in the high double-digit range, supported by regular product launches and ongoing marketing efforts. 

Presence Outside India 

CaratLane has one physical store in New Jersey and another store in Dallas is ready to open. Apart from physical retail, the company supplies products to nearly 30 countries, including the United States, Canada, the United Kingdom and Australia. It is also evaluating opportunities in West Asia. 

Manufacturing and Capacity 

The company operates 3 manufacturing units, 2 in Mumbai and 1 in Chennai. The Chennai facility has been refurbished with an investment of around ₹24-25 crore and is to reopen soon. It is likely to employ between 200 and 300 people initially. 

Read More: Cross Border Payments Infra Firm OpenFX Raises $94 Million at $500 Million Valuation for Expansion! 

Conclusion 

The planned additions indicate a gradual approach to store expansion, with attention on location selection, regional balance and existing store performance. 

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