New Delhi: Malabar Gold & Diamonds, a leading jewellery group, has surpassed an annual retail global turnover of Rs 51,218 crore in the last financial year, it said in a media release.
Also, the company aims to open 100 new stores within the next year, along with the addition of 7,000 new employees to its existing workforce of 21,000, reflecting its commitment to inclusive growth.
With the strategic expansion plan for India and overseas markets, the brand aims to consolidate its position as a global leader. Beyond its current operations in India, Malabar Gold & Diamonds is set to expand into states like Jharkhand, Goa, Assam, Tripura, and Jammu & Kashmir.
Currently, it operates 345 stores across 13 countries. Further, it plans to expand its footprint by opening new stores in New Zealand, Egypt, Bangladesh, and various locations in Europe.
The company operates 14 supply chain management units in 8 countries and 15 jewellery manufacturing units across 5 countries, supported by design studios showcasing over 25 exclusive brand collections. Furthermore, preparations are underway to establish new jewellery manufacturing factories in various locations across India.
With a customer base exceeding 15 million across 100 countries, Malabar Gold & Diamonds is a symbol of excellence in the global jewellery sector, guided by the ethos of ‘Make in India, Market to the World’.
MP Ahammed, Chairman of Malabar Group, emphasized the company’s dedication to responsible practices, stating, “Maintaining our position as a Responsible Jeweller is our utmost responsibility. We remain dedicated to sourcing responsibly mined materials and contributing positively to the communities we serve.”
