Caratlane's growth rate increases after acquisition by Titan

Caratlane would be increasing its count of physical stores to around 75 by next financial year

Caratlane, the online jewellery brand acquired by Titan in 2016, has seen its growth increasing to around 70 per cent from a 25 per cent growth during the previous year. One of the major factors that influenced higher growth is understood to be its association with the Titan brand, which the company has started leveraging through an advertisement campaign.

The company posted a revenue of around Rs 185 crore in 2016-17. This was expected to go up to over Rs 300 crore this financial year and to touch around Rs 500 crore next financial year, said Mithun Sachethi, founder & CEO