Malabar Gold & Diamonds Celebrates 400th Showroom Opening
Bengaluru: Malabar Gold & Diamonds, one of the world’s largest jewellery retailers, has launched its 400th showroom in Sector 18, Noida. The brand aims to increase its turnover to INR 78,000 crores and expand its presence to 15 countries.
Malabar Gold & Diamonds has charted an ambitious growth strategy, targeting the opening of 60 new showrooms and manufacturing units. The brand plans to strengthen its presence in existing and new states and union territories, reaching a total of 22 states and 3 union territories by the end of the financial year.
With a current presence in 13 countries, Malabar Gold & Diamonds aims to expand its global footprint to 15 countries, including New Zealand and Ireland. The brand serves over 15 million customers annually and offers over 1,00,000 jewellery designs.
Malabar Group is committed to Environmental, Social, and Governance (ESG) initiatives, with a focus on health, hunger-free world, housing, education, women empowerment, and environment. The brand has launched initiatives like ‘The Hunger Free World’ and ‘Grandma Home’ to make a positive impact.
“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,” said M.P. Ahammed, Chairman of Malabar Group.
