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Malabar Gold & Diamonds crosses 400 showrooms worldwide

The brand is targeting an increase in revenue to Rs 78,000 crores and to open 60 showrooms in India in the current fiscal year

Bengaluru: Malabar Gold & Diamonds, one of the world’s largest jewellery retailers, has launched its 400th showroom, located at sector 18, Noida, reinforcing the brand’s rapid global expansion.

With a current turnover of Rs 63,000 crore and presence in 13 countries, the brand is targeting an exponential increase in revenue to Rs 78,000 crores and to open 60 showrooms expanding its presence to 15 countries and 22 States and 3 Union Territories in India in the current fiscal year, committing an investment of over Rs 5,000 crores to drive growth.

“We are thrilled to mark the opening of our 400th showroom in Noida. This milestone is a testament to our growth ambitions and marks a significant step in our ever-expanding footprint across India and globally in the journey to be the No: 1 global jewellery retailer,” said M P Ahammed, Chairman of Malabar Group.

As Malabar scales its retail footprint, it remains committed to generating employment, with plans to expand its global workforce to nearly 27,250 management team members: further solidifying its status as one of the world’s most trusted and responsible jewellery brands.

“Our expansion will create additional 3,500 direct employment opportunities, in addition to supporting the large jewellery manufacturing ecosystem,” said Abdul Salam KP, Vice-Chairman of Malabar Group. “Our operations are built on a foundation of complete transparency and strict compliance in addition to collaborating with trade bodies, financial houses, government regulators to make sure that our global operations are robust, trustworthy, and beyond reproach.”

With a presence in 13 countries and a team of over 25,000 professionals, Malabar Gold & Diamonds serves more than 15 million customers annually. The brand offers over 1,00,000 jewellery designs with exclusive jewellery collections and continues to expand its global footprint with a strong focus on quality, design, and customer satisfaction.

The company is now charting expansion into new countries such as New Zealand and Ireland in the current financial year.

The post Malabar Gold & Diamonds crosses 400 showrooms worldwide appeared first on India Retailing.



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