The company was founded by M. P. Ahammed in 1993 and has experienced exceptional growth. From revenues of ₹5 million in 1993, the company recorded ₹62,000 crore in FY 2024–25 and targets ₹76,000–78,000 crore for FY 2025–26. The company plans an IPO between 2027 and 2028 and aims to launch 90 new stores—60 in India and 30 overseas.
Cyborg Score Rationale
Malabar Gold & Diamonds demonstrates robust financial performance with ₹62,000+ crore in FY2025 revenue and a 38% revenue CAGR. The company combines dominant market positioning in India (5th–6th globally for jewellery retail) with aggressive international expansion and an upcoming IPO. Strong profitability, large-scale operations, and diversified product portfolio support the rating.
Top Insights
(April 2026) Unveiled Hyderabad Artistry Store and announced USD 24 million CSR initiative
(March 2026) Announced ₹1,580 crore investment in major expansion drive across manufacturing and retail
Achieved 400th showroom milestone and plans 90 new stores (60 India, 30 overseas) by end of FY2026
Strong ESG commitment with 5% of net profits allocated to social responsibility; operates 716 micro learning centres and delivers 70,000 daily meals via 'Hunger Free World' program