Malabar Gold & Diamonds: Business Overview, Financials & Competitive Analysis
Malabar Gold & Diamonds scores 8/10 on the AskCyborg Cyborg Score (Strong). Malabar Gold & Diamonds is poised for substantial growth as a leading organized jewellery retailer targeting IPO in 2027–2028 with aggressive expansion across India and 14+ countries. Malabar Gold & Diamonds demonstrates robust financial performance with ₹62,000+ crore in FY2025 revenue and a 38% revenue CAGR. The company.
What is Malabar Gold & Diamonds's industry? Malabar Gold & Diamonds (malabargold.com) operates in Luxury Fashion. AskCyborg classifies Malabar Gold & Diamonds under Luxury Fashion in its company registry.
Malabar Gold & Diamonds is an Indian jewellery group headquartered in Kozhikode, Kerala. The company operates over 400 showrooms across 14 countries with a workforce of more than 25,000 employees. According to Deloitt...
Cyborg Score thesis
Malabar Gold & Diamonds is poised for substantial growth as a leading organized jewellery retailer targeting IPO in 2027–2028...
Read the full analyst-debate transcript →Get the Latest Malabar Gold & Diamonds Report
Up-to-date AI-powered research, analyst debate audio & saved-company playlists
Get Current Report FreeMalabar Gold & Diamonds Overview
Pro stress-test →Malabar Gold & Diamonds is an Indian jewellery group headquartered in Kozhikode, Kerala. The company operates over 400 showrooms across 14 countries with a workforce of more than 25,000 employees. According to Deloitte, Malabar ranks 19th among global luxury goods firms and 5th–6th among the world's largest jewellery retailers.
Strategic Profile
Pro stress-test →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.
Competitive Landscape
Pro stress-test →Malabar Group's top competitors include BlueStone, CaratLane and Kalyan Jewellers. The company competes in the organized jewellery retail segment across India and international markets, differentiating through certified gemstones, transparent pricing, and extensive showroom networks. Its scale (400+ stores, 14 countries, 25,000+ employees) positions it as the category leader in organized jewellery retail.
Industry Context
Malabar Gold & Diamonds operates in Luxury Fashion.
Key facts
Founded: 1993 · Headquarters: Kozhikode, India · Employees: 25,000+ (targeting 27,250 by FY2026) · Revenue: ₹62,000 crore (FY2025); targeting ₹76,000–78,000 crore (FY2026)