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Malabar Gold & Diamonds Targets Strong Double-Digit Growth in H2 FY26, Driven by Festive Cheer and Rural Momentum

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Malabar Gold & Diamonds is eyeing strong double-digit growth in the second half of FY26, powered by festive demand, a rebound in discretionary spending, and a surge in rural consumption. The jewellery major’s growth strategy is increasingly shaped by digitally influenced purchase journeys and its continued expansion into Tier 2 and Tier 3 markets.

“As consumer journeys become more digital, shoppers are browsing and comparing products online before walking into stores to make the final purchase. This omnichannel behavior is now at the heart of our retail expansion,” said Asher O., Managing Director – India Operations.

Malabar currently operates 262 stores across India and over 150 international outlets in 14 countries, including the US, UK, Canada, Australia, New Zealand, Singapore, Malaysia, and the GCC region. The company aims to cross a global count of 410 stores by the end of FY26, with over 35 new showrooms slated to open in India over the next few months.

Tier 2 and Tier 3 cities have emerged as major growth engines, supported by rising disposable incomes, social media exposure, and aspirational consumption patterns. “Even in agriculture-led districts, post-harvest income is translating into gold purchases. Lightweight, contemporary designs are seeing the highest traction in these markets,” Asher added.

Recently, the brand relocated its Pitampura showroom to a new 9,500 sq. ft. space at Vaishali Enclave, Delhi, which was inaugurated by Bollywood actor and brand ambassador Anil Kapoor.

On the financial front, Malabar expects its India retail revenue to climb from Rs.42,000 crore in FY25 to around Rs.54,000–Rs.55,000 crore in FY26. Its global B2C revenue is projected to surpass Rs.76,000 crore.

The company continues to focus on natural gold and diamond jewellery while keeping a close watch on the evolving lab-grown diamond (LGD) segment. “We are exploring lab-grown diamonds, but our core remains natural diamonds. At the same time, 18-carat collections are showing strong growth alongside traditional 22-carat designs,” Asher said.

Malabar’s pricing advantage stems from its backward-integrated manufacturing setup, with multiple production units and design studios across India. Its ‘one-year-one-rate’ pricing model ensures uniform rates nationwide, reinforcing customer trust.

The group is also in the process of consolidating its operations in preparation for a potential IPO, signaling its intent to strengthen governance and scalability ahead of public listing.

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Jewellery That Honors Her Journey: Celebrating Women’s Day with Kalyan Jewellers

A curated Women’s Day edit by Kalyan Jewellers brings together bold diamond statements and heritage-inspired gold designs that celebrate women’s strength, individuality, and personal milestones.

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This Women’s Day, celebrate women who lead with strength, ambition, and unmistakable individuality. Curated by Kalyan Jewellers, this jewellery edit brings together bold diamond statements and heritage-inspired gold designs that reflect confidence, resilience, and self-assured elegance. Each piece is more than adornment it’s a tribute to her journey, her choices, and the power she wears with pride.

The Heritage Bloom Gold Pendant

A beautifully sculpted floral pendant in luminous yellow gold, enhanced with refined dual-tone detailing. Its layered petal form evokes growth, resilience, and enduring grace an ode to traditions that evolve with time. Thoughtfully crafted for versatility, this piece moves effortlessly from everyday elegance to meaningful occasions, making it perfect for the woman who cherishes her roots while confidently carving her own journey forward.

The Duality Grace Drop Necklace

A sleek, contemporary drop pendant crafted in warm rose gold, this design brings together the subtle glow of pearls and the refined sparkle of diamonds in a striking vertical silhouette. The diamond-accented bar flows seamlessly into a luminous pearl drop, creating a poised balance between softness and strength. Its elongated form flatters the neckline while retaining a clean, minimalist appeal making it equally suited for polished workwear and effortless evening looks. Representing harmony between grace and confidence, this necklace is designed for the woman who carries both with ease.

The Empowered Band Diamond Ring

A striking geometric ring crafted in luminous yellow gold, this design features a layered arrangement of diamonds set within a sculptural frame. The structured silhouette and clean lines lend it a bold, contemporary edge, while the clustered diamonds add depth and radiant brilliance. Designed to make a statement without overwhelming, this ring embodies confidence, resilience, and modern femininity perfect for women who lead with purpose, whether in everyday power dressing or standout occasions.

The Everyday Brilliance Diamond Tennis Bracelet

A continuous line of radiant diamonds set in yellow gold, this timeless tennis bracelet embodies understated luxury and enduring strength. Each precisely set stone creates a fluid rhythm of light, resting effortlessly on the wrist with refined elegance. Designed for seamless day-to-evening wear, it adds just the right touch of sparkle without ever overpowering the look. A symbol of quiet confidence and everyday victories, this piece celebrates the grace and resilience with which she moves through every role she owns.

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