diff --git a/stable/memcached/Chart.yaml b/stable/memcached/Chart.yaml
index a9409889e4..6b4b75cc6a 100644
--- a/stable/memcached/Chart.yaml
+++ b/stable/memcached/Chart.yaml
@@ -1,5 +1,5 @@
 name: memcached
-version: 2.6.0
+version: 2.7.0
 appVersion: 1.5.12
 description: Free & open source, high-performance, distributed memory object caching
   system.
diff --git a/stable/memcached/README.md b/stable/memcached/README.md
index ee87509a4d..7eb5d9514e 100644
--- a/stable/memcached/README.md
+++ b/stable/memcached/README.md
@@ -54,6 +54,7 @@ The following table lists the configurable parameters of the Memcached chart and
 | `extraVolumes`            | Volume definitions to add as string | Un-set                                              |
 | `kind`                    | Install as StatefulSet or Deployment | StatefulSet                                        |
 | `podAnnotations`          | Map of annotations to add to the pod(s) | `{}`                                            |
+| `podLabels`               | Custom Labels to be applied to statefulset | Un-set                                   |
 | `nodeSelector`            | Simple pod scheduling control | `{}`                                            |
 | `tolerations`             | Allow or deny specific node taints | `{}`                                            |
 | `affinity`                | Advanced pod scheduling control | `{}`                                            |
diff --git a/stable/memcached/templates/statefulset.yaml b/stable/memcached/templates/statefulset.yaml
index 4b79fda728..188c8a42c8 100644
--- a/stable/memcached/templates/statefulset.yaml
+++ b/stable/memcached/templates/statefulset.yaml
@@ -17,6 +17,9 @@ spec:
         chart: "{{ .Chart.Name }}-{{ .Chart.Version }}"
         release: "{{ .Release.Name }}"
         heritage: "{{ .Release.Service }}"
+{{- with .Values.podLabels }}
+{{ toYaml . | indent 8 }}
+{{- end}}
 {{- with .Values.podAnnotations }}
       annotations:
 {{ toYaml . | indent 8 }}
diff --git a/stable/memcached/values.yaml b/stable/memcached/values.yaml
index c617f2e7d7..e6c70dc359 100644
--- a/stable/memcached/values.yaml
+++ b/stable/memcached/values.yaml
@@ -77,5 +77,10 @@ extraContainers: |
 
 extraVolumes: |
 
+## Custom metadata labels to be applied to statefulset and pods
+# podLabels:
+#   foo: "bar"
+#   bar: "foo"
+
 # To be added to the server pod(s)
 podAnnotations: {}