"Armaan" premiered on 16 May 2003 and was screened at the 2003 Cannes Film Festival the following day. It was released on 195 screens across India and grossed on the first day, which "Filmfare" magazine thought was poor. By the end of its first week, the film had collected . In the second week of its overseas run, "Armaan" had earned $296,702 and $691,121 in the United States and the United Kingdom, respectively. According to Box Office India, it collected a total gross of worldwide and was declared a commercial failure. The film remains as Irani's only directorial project; she is continuing her work as a screenwriter.