Expansion to create over 725 jobs and take global showroom count to 445 across 14 countries
Malabar Gold & Diamonds has announced a major expansion plan with an investment of Rs 1,580 crore, aimed at opening 20 new showrooms across India by the end of March 2026.
The move marks one of the fastest showroom rollout initiatives in the country’s jewellery retail sector and is expected to create over 725 jobs, reinforcing the company’s commitment to economic growth and employment generation.
With this expansion, the retailer’s global footprint will increase to 445 showrooms across 14 countries, further strengthening its presence in India, where it already operates across 22 states and Union Territories.
The new outlets will be spread across a mix of emerging and established markets, including Jhansi, Kallakurichy, Gwalior, Chittoor, Haldwani, Theni, Jamnagar, Ranchi, Kolkata, Aligarh, Bengaluru, Visakhapatnam, Kanchrapara, Serampore, Hubli, Ahmedabad, Gurugram, Hyderabad, Sangareddy and Guwahati. The expansion strategy reflects a growing focus on deepening market penetration beyond metro cities while consolidating presence in high-growth urban centres.
M.P. Ahammad, Chairman of Malabar Group, said the company’s aggressive rollout underscores its confidence in India’s long-term growth trajectory. He added that the initiative aims to expand access to world-class jewellery retail experiences while staying anchored in the group’s core values of trust and customer-centricity.
The expansion comes amid strong momentum in India’s consumption-driven sectors and follows a period of robust growth for organised jewellery retail. Industry players are increasingly focusing on scale, brand trust and omnichannel capabilities to capture rising demand across both urban and semi-urban markets.
Founded in 1993, Malabar Gold & Diamonds has grown into one of the world’s largest jewellery retailers, with an annual turnover of USD 7.36 billion. The company operates a wide network spanning India, the Middle East, the Far East, and key international markets including the US, UK, Canada and Australia.
The group continues to emphasise Environmental, Social and Governance (ESG) commitments, allocating 5 per cent of its net profits towards initiatives in areas such as health, education, housing, hunger eradication and women’s empowerment.
With its latest expansion drive, the company is positioning itself to capitalise on rising consumer demand while reinforcing its leadership in the global jewellery retail landscape.
