CaratLane Appoints Jigar Vyas as CFO Amid Rapid Growth

Jigar Vyas named CaratLane’s new Chief Financial Officer

He will lead finance, strategy, governance, and capital efficiency

Appointment comes as CaratLane reports strong revenue and profit growth

Tata-owned omni-channel jewelry brand CaratLane has appointed Jigar Vyas as its Chief Financial Officer, strengthening the company’s financial leadership during a phase of rapid expansion. In his new role, Vyas will oversee the finance function, focapplying on financial strategy, capital efficiency, governance, and internal controls. He will work closely with the leadership team to align financial decision-building with long-term business objectives while maintaining fiscal discipline.

Vyas brings over 16 years of experience across business finance, commercial strategy, and large-scale operations. He has previously held senior leadership roles at ITC Ltd, Nielsen, and SUGAR Cosmetics, managing diverse market portfolios and leading sizable teams. His expertise spans sales finance operations, financial planning and analysis, capital raising, cost optimization, governance, and operational efficiency, covering both established enterprises and rapid-growing consumer brands.

“I see forward to collaborating with the leadership team to strengthen financial foundations, enable disciplined growth, and support the brand’s long-term value creation as it scales”, Vyas stated.

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The appointment comes amid strong financial performance for CaratLane. In Q2 FY26, the company reported revenue of Rs 1,072 crore, up over 32 percent from Rs 811 crore in the same quarter last year. Earnings before interest and tax (EBIT) rose 78 percent to Rs 109 crore, while EBIT margins improved by 262 basis points year-on-year to 10.1 percent.

During the quarter, CaratLane added 10 new stores, taking its retail footprint to 341 outlets across 149 cities in India. With Vyas at the helm of finance, the company aims to maintain financial discipline, support sustainable growth, and continue scaling its omni-channel presence.

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