Malabar Gold & Diamonds is accelerating its retail expansion with a Rs 1,580 crore investment to open 20 new showrooms by March 31, 2026, taking its global footprint to 445 stores across 14 countries.
The expansion will strengthen its India presence across 22 states and Union Territories, with new stores planned in cities including Gurugram, Guwahati, Ranchi, Gwalior, Jamnagar, and Bengaluru, among others. The move is expected to generate over 725 jobs.
With this rollout, the company is doubling down on aggressive offline expansion in a category witnessing sustained demand momentum.
The brand currently operates 425+ showrooms globally and clocks an annual turnover of $7.36 billion, ranking among the top 5 jewellery retailers worldwide.
“Our decision to launch 20 showrooms in 20 days reflects strong conviction in India’s long-term growth potential and our commitment to expanding access to world-class jewellery experiences,” said M.P. Ahammad, Chairman, Malabar Group.
The latest expansion underscores the retailer’s strategy of deepening market penetration beyond metros while strengthening its presence in high-growth Tier II and III markets.
Backed by a robust supply chain spanning design centres, manufacturing units, and wholesale operations across India and global markets, Malabar Gold & Diamonds continues to scale its omnichannel retail play while reinforcing its position in the highly competitive jewellery segment.
