206
/ 1
Min Read
Malabar Gold & Diamonds, one of India’s leading jewellery retailers, is gearing up for an initial public offering (IPO) in the 2027–28 financial year, Founder and Chairman M P Ahammed confirmed. The Kerala-based company has initiated legal groundwork to prepare for the listing, including the consolidation of its subsidiaries and LLPs.
“We are 100% focused on listing Malabar Gold on the stock market,” Ahammed said in a statement. “The legal process is underway, but it will take time. We’re targeting FY28 for the IPO.” The company is also pursuing aggressive expansion, aiming to open 60 new stores across India and 30 overseas this year. Malabar currently operates 391 showrooms across 19 Indian states and several international markets.
Despite global uncertainties and a sharp increase in gold prices, Malabar Gold is targeting a 20% revenue increase in FY26, building on the ₹62,000 crore revenue recorded in FY25. To counter the impact of higher gold prices on consumer demand, Malabar is adjusting its product offerings. O Asher, Managing Director for India operations, said the company is introducing innovative designs in various caratages to make gold jewellery more accessible. “We’re offering products that retain the look and feel of traditional gold while being more affordable,” he noted.
Although rising prices have affected volumes, Malabar says it is compensating by expanding its market share. The retailer continues to focus on customer retention and affordability while positioning itself for long-term growth and public market entry.
(Source: PTI)
