National News
Malabar Gold & Diamonds Unveils ₹5,000 Crore Global Expansion Plan for FY2026
Aims for ₹78,000 Crore Revenue with 60 New Showrooms Across 15 Regions
Malabar Gold & Diamonds, one of the world’s largest jewellery retailers, has announced an ambitious expansion strategy, committing an investment of ₹5,000 crore to fuel its business growth in FY2026. The brand aims to significantly increase its footprint by opening 60 new showrooms across 15 geographies, including both domestic and international markets.
The company is targeting a revenue of ₹78,000 crore for the current financial year, up from ₹63,000 crore last year. M.P. Ahammed, Chairman of Malabar Group, said, “We have a comprehensive strategy to expand our retail and manufacturing network. Our goal is to reach ₹78,000 crore in turnover this year, backed by a ₹5,000 crore investment into new showrooms and infrastructure.”
Asher O, Managing Director – India Operations, reaffirmed the brand’s commitment to its home market, noting that India continues to offer the largest growth potential. “We are enhancing our presence across existing and new regions, aiming to be in 22 States and 3 Union Territories by the end of the financial year,” he said.
Internationally, Malabar Gold & Diamonds currently operates in 13 countries and is set to enter two new markets—New Zealand and Ireland—within the year. According to Shamlal Ahamed, Managing Director – International Operations, these expansions are part of the brand’s strategy to strengthen its global presence and tap into new customer bases.
With this aggressive growth plan, Malabar Gold & Diamonds is positioning itself as a formidable force in both Indian and international jewellery markets.
The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary- IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.
Some salient points made by the panelists:
- Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
- Till the banking system doesn’t collapse, gold price will continue to rise
- Jewellers were advised to use a mix of futures and options for risk mitigation
- Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
- Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.
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