CaratLane plans 40 new stores in FY27, eyes regional expansion – report

Expansion Plans - CaratLane plans to open around 40 new stores in FY27, with only 10% of these being company-owned outlets, as the current network consists of approximately 369 stores, of which 13% are company-owned [1][2] - The expansion will be executed in stages, with the first quarter focused on identifying locations and evaluating store opportunities, while actual openings are expected to commence in the second quarter of the financial year [2] Regional Focus - The expansion strategy will primarily target northern, eastern, and southern markets, with fewer stores planned for the western regions [2] Financial Strategy - The company intends to finance the expansion through internal accruals, although the total capital expenditure has not been specified [2] Revenue Growth Expectations - CaratLane anticipates high double-digit revenue growth for the fiscal year, supported by a consistent marketing calendar and the launch of several new collections [3] International Presence - Currently, CaratLane operates one physical store in New Jersey and plans to open a second outlet in Dallas, while also exploring further expansion opportunities in West Asia [3] Manufacturing Facilities - CaratLane operates three manufacturing facilities, including two in Mumbai and one in Chennai [4]