Malabar Gold & Diamonds recently celebrated a major milestone by opening its 400th showroom in Noida, Uttar Pradesh. This achievement is part of the brand’s strategic expansion efforts aimed at solidifying its position in the global market.
Currently operating in 13 countries with a reported turnover of Rs 63,000 crore, the Kerala-based retailer has set ambitious targets to reach a turnover of Rs 78,000 crore. The company plans to establish 60 additional stores in the current financial year, which will conclude in March 2026.
Malabar intends to widen its reach further, encompassing 15 countries and all 22 Indian states plus three Union Territories. This expansion also includes scaling up its workforce to 27,250 management team members worldwide. The company has committed over Rs 50,000 crore in investments for new showrooms and manufacturing units.
(With inputs from agencies.)
