CaratLane FY24: Profit Declines 5% To INR 79 Cr, Revenue Crosses INR 3,000 Cr Mark

CaratLane FY24: Profit Declines 5% To INR 79 Cr, Revenue Crosses INR 3,000 Cr Mark

SUMMARY

CaratLane’s operating revenue rose 41% to INR 3,080 Cr in FY24 from INR 2,168 Cr in the previous fiscal year

However, bottom line took a hit on rise in advertising expenses and “miscellaneous” expenses

The Titan-owned company’s total expenditure in FY24 jumped over 44% to INR 2,992 Cr from INR 2,068 Cr in FY23

Tata-owned omnichannel jewellery startup CaratLane’s operating revenue crossed the INR 3,000 Cr mark in the fiscal year 2023-24 (FY24). Its revenue from operations rose 41% to INR 3,080 Cr during the year from INR 2,168 Cr in FY23.

Founded in 2008 by Mithun Sacheti and Srinivasa Gopalan, Caratlane is an omnichannel brand that manufactures and sells jewellery items in India. It earns revenue from the sale of jewellery.

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