Connect with us

National News

Malabar Gold Plans IPO by 2027-28; Eyes 20% Revenue Growth Despite Gold Price Surge

Published

on

Kerala-based jewellery retailer Malabar Gold & Diamonds is preparing for a stock market debut, aiming to list the company in 2027-28, according to its founder and chairman M P Ahmmad.

Malabar Gold targets a 20 per cent jump in revenue in the current fiscal year, from Rs 62,000 crore recorded in 2024-25, despite a sharp rise in gold prices, Ahmmad said.

The retailer plans to open 60 new stores in India and 30 outlets abroad this year as part of its expansion strategy.

“We are 100 per cent thinking of listing our company on the stock market,” Ahmmad told PTI, adding that legal preparations for the listing are underway.

The company needs to consolidate subsidiaries and Limited Liability Partnerships (LLPs) before proceeding with the initial public offering, with Ahmmad noting that “the legalisation for the stock market listing is taking time.”

“The work is in progress. We target to list in 2027-28 financial year,” Ahmmad indicated.

Malabar Gold currently operates 391 showrooms across India and internationally, with presence in 19 Indian states.

To retain customers amid rising gold prices, the company is developing new business strategies, according to O Asher, Managing Director for India operations.

“We are coming out with different caratage and designing products without compromising the looks so that everyone can still afford gold jewellery,” Asher said.Kerala-based jewellery retailer Malabar Gold & Diamonds is preparing for a stock market debut, aiming to list the company in 2027-28, according to its founder and chairman M P Ahmmad.

Malabar Gold targets a 20 per cent jump in revenue in the current fiscal year, from Rs 62,000 crore recorded in 2024-25, despite a sharp rise in gold prices, Ahmmad said.

The retailer plans to open 60 new stores in India and 30 outlets abroad this year as part of its expansion strategy.

“We are 100 per cent thinking of listing our company on the stock market,” Ahmmad told PTI, adding that legal preparations for the listing are underway.

The company needs to consolidate subsidiaries and Limited Liability Partnerships (LLPs) before proceeding with the initial public offering, with Ahmmad noting that “the legalisation for the stock market listing is taking time.”

“The work is in progress. We target to list in 2027-28 financial year,” Ahmmad indicated.

Malabar Gold currently operates 391 showrooms across India and internationally, with presence in 19 Indian states.

To retain customers amid rising gold prices, the company is developing new business strategies, according to O Asher, Managing Director for India operations.

“We are coming out with different caratage and designing products without compromising the looks so that everyone can still afford gold jewellery,” Asher said.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted

National News

Antistatus and Vandals: Jewellery For The Rebellious and The Defiant

These Brands Are Chasing A Consumer Who Has Grown Allergic To Templates.They Do Not Want Jewellery Merely To Signal Wealth, Marital Status Or Social Approval; They Want It To Signal Taste, Nerve and A Point Of View.

Published

on

Status? Overrated. Rebellion? Wearable

Antistatus and Vandals are turning jewellery from a badge of conformity into a weapon of self-definition. One is a newly launched statement-silver label with a “Defy the Norm” manifesto; the other is a Mumbai-based avant-garde brand that treats every piece like graffiti. Together, they signal a shift: rebellion is no longer just a mood board—it is the product.

Antistatus: Status, Rewritten

Launched by former VIDA executives Manav Sethi and Pallavi Singh, Antistatus is a statement silver jewellery and lifestyle brand built around a deceptively simple idea: status is not assigned by society; it is defined by you.

The collection leans into biker culture, gothic aesthetics, music and street culture—think handcrafted statement rings, pendants, necklaces, bracelets and belt buckles with enough edge to make a boardroom feel like a back alley. The brand begins with men’s-focused, gender-neutral jewellery, then plans to expand into eyewear, bags and accessories.

Its pitch is not “look expensive.” It is “look like yourself.” Antistatus wants to build a community of people whose identity is theirs to define, not something society hands them with a dress code attached.

Vandals: Luxury with Spray Paint on Its Fingers

Vandals, founded by Vandana M. Jagwani, has been operating from a similarly unruly corner of Indian jewellery. The Mumbai label draws from street art, using jewellery as a way to question the status quo and leave a personal mark.

Its manifesto is explicit: artistic rebellion meets craftsmanship, and luxury is reimagined for “daring souls who defy the norm.” The brand blurs art and jewellery, positioning its audacious designs and sustainable practices as an alternative to safe, predictable luxury.

Where conventional fine jewellery often whispers heritage, Vandals prefers to shout individuality. Every piece is framed as a personal story—less “heirloom in a velvet box,” more “artwork that refuses to behave.”

The New Consumer: Anti-Template, Pro-Story

These brands are chasing a consumer who has grown allergic to templates. They do not want jewellery merely to signal wealth, marital status or social approval; they want it to signal taste, nerve and a point of view.

BrandCore attitudeDesign languageConsumer promise
AntistatusDefy the normBiker, gothic, music and street-inspired handcrafted silverDefine your own status
VandalsRebellion against the ordinaryStreet-art-inspired, avant-garde, sustainable luxuryLeave your own mark

Both are selling permission. Permission to wear silver that looks dangerous. Permission to reject the idea that polish equals propriety. Permission to make luxury feel personal rather than prescribed.

Why This Matters for Indian Jewellery

India’s jewellery market has long been dominated by occasion-led buying—weddings, festivals, gifting and investment. Antistatus and Vandals are carving out a different lane: everyday identity jewellery, where the purchase is emotional, stylistic and cultural rather than ceremonial.

Antistatus’s ambition to become an India-origin premium lifestyle brand with global reach suggests that rebellion is being treated as an exportable design language, not a passing trend. Vandals already demonstrates that Indian consumers will respond when jewellery carries ideology as well as sparkle.

The Verdict

Antistatus and Vandals are proof that the most compelling jewellery today is not necessarily the quietest. It is the kind that starts a conversation, breaks a rule and makes conformity look like the boring option.

In their hands, a ring is not just an accessory. It is a small, shining refusal.From statement silver with a streetwise edge to avant-garde pieces with graffiti in their soul, this is jewellery for the beautifully defiant.

Antistatus and Vandals are proving that the boldest jewellery isn’t made to blend in—it’s made to break rules, start conversations and define you on your own terms.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x