India, Feb. 5 -- Tata-owned CaratLane saw its total income, excluding bullion and digi-gold sales, jump nearly 27% year-on-year (YoY) to INR 1,117 Cr in the third quarter (Q3) of the financial year 2024-25 (FY25).
In contrast, the omnichannel jewellery brand reported a total income of INR 880 Cr in the year ago period. The data was disclosed by parent Titan in its quarterly financial report filed with BSE.
The watchmaker, in its quarterly results, also said that CaratLane's earnings before interest and taxes (EBIT) jumped 59.7% to INR 131 Cr in Q3 FY25 as against INR 82 Cr during the corresponding quarter last fiscal.
Meanwhile, the omnichannel jewellery brand's EBIT margin improved by 240 bps (basis points) to 11.7% in the quarter und...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.