CaratLane Q2: Revenue Surges 32% YoY To INR 1,072 Cr

Titan Company-owned omnichannel jewellery brand Caratlane reported a revenue of INR 1,072 Cr in Q2 FY26, marking an over 32% jump from INR 811 Cr in the year-ago period. On a sequential basis, this marked a 5% from INR 1,026 Cr revenue reported in Q1 FY26.

The brand’s EBIT grew over 78% to INR 109 Cr from INR 61 Cr in Q2 FY25. EBIT margin grew 262 bps to 10.1% from 7.5% in the year-ago quarter.

In its Q2 disclosures, Titan Company said that Caratlane saw continued traction across online and retail channels. The company said that Q2 performance was broad-based, led by strong momentum in solitaires and a healthy 24% YoY growth in the studded portfolio.

“Targeted promotions bundling coins resonated well with customers, aiding conversions and ticket size increase,” Titan said.

CaratLane opened ten new outlets during the quarter under review, taking its total store count to 341 spanning 149 cities across India. The company also launched four jewellery collections during the quarter.

Founded in 2008 by Mithun Sacheti and Srinivasa Gopalan, CaratLane is an omnichannel brand that manufactures and sells jewellery items in India.

Titan had first picked up a majority stake in the jewellery brand in 2016 and acquired an additional 27.18% stake in CaratLane for INR 4,621 Cr at nearly INR 17,000 Cr valuation 2023 to increase its shareholding to over 99%.

Last year, Titan bought the remaining 0.36% stake in the startup for INR 60.08 Cr, turning CaratLane into its wholly-owned subsidiary.

CaratLane competes against the likes of legacy players such as Kalyan Jewellers, Malabar Gold, as well as new-age brands such as BlueStone and GIVA.

Shares of Titan Capital ended today’s trading session down 0.46% at INR 3,727.80.