Malabar Gold & Diamonds, a prominent jewellery conglomerate, has surpassed an annual retail global turnover of INR 51,218 crore in the last financial year, as announced in a recent media release.
Additionally, the company plans to launch 100 new stores in the coming year and intends to expand its current workforce of 21,000 by adding 7,000 new employees, underscoring its dedication to inclusive growth.
With a strategic expansion plan targeting both domestic and international markets, the brand seeks to strengthen its position as a global leader. In addition to its existing operations in India, Malabar Gold & Diamonds plans to venture into new states including Jharkhand, Goa, Assam, Tripura, and Jammu & Kashmir.
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At present, the company runs 345 stores spanning 13 countries. Moreover, it intends to broaden its presence by inaugurating new stores in New Zealand, Egypt, Bangladesh, and several locations across Europe.
MP Ahammed, Chairman of Malabar Group, underscored the company’s commitment to responsible practices, saying, “Maintaining our status as a Responsible Jeweler is our top priority. We are committed to responsibly sourcing our materials and making a positive impact on the communities we operate in.”
The company runs 14 supply chain management units in 8 countries and operates 15 jewellery manufacturing units in 5 countries. These are complemented by design studios that feature over 25 exclusive brand collections. Additionally, the company is in the process of setting up new jewellery manufacturing facilities in several locations throughout India.
With over 15 million customers spread across 100 countries, Malabar Gold & Diamonds stands as a beacon of excellence in the global jewellery industry, driven by the philosophy of ‘Make in India, Market to the World’.
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