CaratLane's expansion slows, plans 40 outlets this fiscal

Titan Co. Ltd-backed diamond retailer CaratLane will open 40 stores this fiscal year, less than the previous fiscal year's 50 outlets.

- Suneera Tandon

Titan Co. Ltd-backed diamond retailer CaratLane will open 40 stores this fiscal year, less than the previous fiscal year's 50 outlets. "We would not be rushing our expansion because we are still a diamond-centric retail outlet and we will go by our experience," said Saumen Bhaumik, CEO and MD of CaratLane. "There's a very robust system based on how many people search for us, how many orders we get. Plus, we also started physical roadshows. All of these help us