National News
Malabar Gold Plans IPO by 2027-28; Eyes 20% Revenue Growth Despite Gold Price Surge
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.
National News
Harit Zaveri Jewellers Celebrates A Bride’s Royal Spirit In An Indian Wedding With Its New Polki Collection
A Celebration Of Regal Femininity, Heirloom Craftsmanship, and The Refreshing Depth Of Emeralds.
June 2026 A bride’s jewellery is never merely ornamental, it carries sentiment, memory, and the quiet power of tradition. With its newest Polki Collection, Harit Zaveri Jewellers introduces a refined take on royal Indian bridal jewellery, thoughtfully designed for the modern bride who embraces heritage while expressing her individuality with confidence and grace.
Crafted between 18kt to 14kt gold and enriched by Emeralds, Harit Zaveri Jewellers Polki collection celebrates a bride in her most transformative moment – poised between reflection and becoming. Every jewellery piece in the collection is designed to accompany her through this pause.
At the heart of the collection lies the richness of polki craftsmanship – raw, uncut diamonds admired for their old-world charm and regal appeal, long associated with royal Indian heirlooms. Paired with vivid emeralds, known to symbolise renewal, harmony, love, and abundance, the collection brings together heritage and elegance. The richness of green emeralds adds depth and freshness, creating jewels that feel both classic and strikingly modern.
The collection features an expansive range of statement and versatile pieces including necklaces, kadas, rings, earrings, and bridal sets, thoughtfully embellished with emeralds, pearls, and polki detailing.
This collection from Harit Zaveri Jewellers compliments classic reds and heritage weaves to contemporary ivories, pastels, and couture silhouettes. Whether layered with a traditional lehenga, paired with a modern sari drape, or styled for intimate pre-wedding celebrations, these pieces seamlessly adapt while elevating every bridal look with a quiet majesty.
These pieces are envisioned as modern heirlooms, where meticulous craftsmanship, precious materials, and timeless artistry come together to create pieces worthy of being passed down through generations.
Harit Zaveri, Joint Managing Director at Harit Zaveri Jewellers said:
“At Harit Zaveri Jewellers, we have always believed bridal jewellery should feel personal, something that reflects a bride’s story and individuality. Many of our clients naturally gravitate towards one-of-a-kind pieces that resonate with their personality and become part of their memories for years to come. With this Polki collection, we wanted to celebrate craftsmanship with the richness of emeralds, a stone that beautifully complements a variety of bridal colours and effortlessly completes a look. Above all, quality remains at the heart of everything we create because we believe jewellery should feel as enduring as the memories and moments attached to it.”
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