Malabar Gold & Diamonds, the world’s sixth-largest jewellery group and 19th-ranked brand in Deloitte’s Global Ranking of Luxury Products, achieved a record annual retail global turnover of Rs 51,218 Crore in the last financial year. This remarkable growth underscores Malabar Gold & Diamonds’ rapid ascent as a trusted jewellery brand worldwide.
Malabar Gold & Diamonds, based in Kerala, has achieved significant success in the global jewellery industry in just three decades. The brand plans to expand its retail presence to India and overseas markets, with plans to open new stores in New Zealand, Egypt, Bangladesh, and Europe. MP Ahammed, Chairman, of Malabar Group, said, “We remain dedicated to sourcing responsibly mined materials and contributing positively to the communities we serve.”
Malabar Group plans to expand its presence in the US, Canada, UK, and Australia, opening 100 new stores and hiring an additional 7,000 employees. The company aims to create a dynamic and inclusive work culture with 21,000 employees from 26 countries. The company plans to expand into states like Jharkhand, Goa, Assam, Tripura, and Jammu & Kashmir. 234 crore Indian Rupees have been spent on Malabar Group’s CSR initiatives.
