Malabar Gold & Diamonds posts best-ever Akshaya Tritiya, reinforcing market leadership through quality-led growth & responsible jeweller practises
Strategic Highlights:
- Making this best-ever Akshaya Tritiya; ~53% YoY growth, INR 2,646 crore sales
- 25 lakh+ customers across India and international markets
- Studded jewellery grows 45%, rising share of new buyers
- Integrated manufacturing delivered price advantage and design variety for customers
Mumbai, 23rd April 2026: Malabar Gold & Diamonds, one of the world’s leading jewellery retailers and a brand synonymous with responsibility and trust has delivered its strongest-ever Akshaya Tritiya performance, driven by robust consumer demand, superior customer engagement, and the company’s integrated manufacturing strengths.
The company recorded ~53% year-on-year growth globally during Akshaya Tritiya, with overall sales reaching INR 2,646 crore, including 71% growth in India and 22% growth across other international markets, reflecting sustained momentum across geographies.
Commenting on the performance, Mr. M.P. Ahammad, Chairman, Malabar Group, said, ““Akshaya Tritiya continues to be a significant occasion for our customers, and this year’s performance reflects both the strength of demand and the depth of customer engagement. What stands out is not just the strong growth of approximately 53% year-on-year globally across India & other International Markets, but the quality of that growth. At the core of this growth is the trust customers place in us as a responsible jeweller. Our commitment to transparent pricing, ethically sourced gold and diamonds, stringent quality standards, and a customer first approach continues to resonate strongly. It is this focus that enabled us to build deeper relationships with customers and drive sustained preference across markets”
The company engaged with over 1.25 lakh customers walking in on Akshaya Tritiya across markets, supported by a healthy mix of wedding purchases and increasing participation from young and first-time buyers. Notably, the studded jewellery category recorded 45% growth, highlighting a clear shift towards design-led and value-added products.
Performance remained strong across India and international markets, making this the company’s best-ever Akshaya Tritiya. Overall sales reached INR 2,646 crore, reflecting the breadth of demand across segments and geographies.
Growth outpaced broader market trends, supported by the company’s manufacturing-led advantage. Its integrated model enables the delivery of design at competitive prices while maintaining consistent quality at scale. This continues to support design positioning and customer preference across markets, while enabling responsiveness to evolving demand.
As the company scales further, its focus remains on strengthening customer trust, expanding its product portfolio, and delivering consistent, sustainable growth, anchored in transparency, quality, and responsible business practices.
About Malabar Gold & Diamonds
Malabar Gold & Diamonds was established in 1993 and is the flagship company of Malabar Group, a leading diversified Indian business conglomerate.
With an annual turnover of $9.41 billion, the company ranks among the largest jewellery retailers globally and operates in over 445 showrooms across 14 countries. Its presence spans India, the Middle East, the Far East, the USA, the UK, Canada, Australia, and New Zealand, supported by a strong network of offices, design centres, wholesale units, and manufacturing facilities.
The Group remains committed to ESG-led growth, with a structured focus on education, healthcare, housing, hunger eradication, women empowerment, and environmental responsibility, allocating five percent of its profits towards social impact initiatives.
