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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.
M.P. Ahammed, Chairman said, “We are thrilled to mark the opening of our 400th showroom in Noida. This milestone is a testament to our growth ambitions and marks a significant step in our ever-expanding footprint across India and globally in the journey to be the No: 1 global jewellery retailer.”
Abdul Salam KP, Vice Chairman added, “Our expansion will create an additional 3,500 direct employment opportunities and support the wider jewellery manufacturing ecosystem. Our operations are built on a foundation of transparency and regulatory compliance, ensuring we maintain strong relationships with trade bodies, financial institutions, and government agencies.”
The company is also focused on ESG (Environmental, Social, and Governance) commitments. Since its inception in 1993, Malabar has allocated 5 percent 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.
Asher O, MD– India Operations noted that India remains Malabar’s largest and most important market. “We will be strengthening our presence within existing and new states and union territories reaching a total of 22 States and 3 Union Territories by the end of this financial year,” he said.
Shamlal Ahamed, Managing Director for International Operations added, “Our global expansion strategy includes increasing retail presence in current locations and entering new countries like New Zealand and Ireland.”
Malabar serves over 15 million customers annually through a workforce of over 25,000 and a portfolio of more than 1,00,000 jewellery designs. The company’s retail promise includes 100 percent value on gold and diamond exchange, transparent pricing, certified gemstones, lifetime maintenance, and ethically sourced jewellery.
Malabar’s social initiatives include the ‘Hunger Free World’ program, launched in 2022, which now delivers 70,000 meals daily across 81 locations in India and Africa. The company has also set up 716 micro learning centres across India, enrolling over 32,000 children for basic education. It provides scholarships for girls and housing support for destitute women under its ‘Grandma Home’ initiative.
The company continues to invest in retail expansion while aligning its business growth with long-term ESG goals and consumer trust.
