Malabar Gold and Diamonds reaches 400 stores; eyes Rs 78,000 cr revenue

Malabar Gold and Diamonds, one of the largest global jewellery retail chains, has reached a major milestone by opening its 400th showroom. The new outlet, launched in Sector 18, Noida, marks a key phase in the company’s global expansion strategy.

The company currently operates in 13 countries and has set ambitious goals for FY26. It aims to raise its revenue from Rs 63,000 crore to Rs 78,000 crore, and plans to open 60 more showrooms during the financial year. With this, Malabar intends to expand across 22 Indian states, 3 Union Territories, and into 15 countries, including new markets such as New Zealand and Ireland.

Alongside its retail growth, Malabar plans to increase its workforce to approximately 27,250 employees and invest over Rs 5,000 crore in showroom openings and manufacturing units.

Since its inception in 1993, Malabar has allocated 5 per cent of net profits toward social responsibility initiatives in each country where it operates. This includes projects related to health, education, housing, environmental sustainability, and women’s empowerment.