Malabar Gold eyes Listing In FY28, targets 20% revenue jump

Kerala-based jewellery retailer Malabar Gold & Diamonds is preparing for a stock market debut, aiming to list the company in 2027-28, according to its founder and chairman MP Ahmmad. 

Malabar Gold targets a 20% jump in revenue in the current fiscal year, from Rs 62,000 crore recorded in 2024-25, despite a sharp rise in gold prices, Ahmmad said.

The company needs to consolidate subsidiaries and Limited Liability Partnerships (LLPs) before proceeding with the initial public offering, with Ahmmad noting that ‘the legalisation for the stock market listing is taking time.’ ‘The work is in progress. We target to list in 2027-28 financial year,’ Ahmmad indicated. Malabar Gold currently operates 391 showrooms across India and internationally, with presence in 19 Indian states.