Malabar Gold & Diamonds’ Remarkable Journey: Annual Turnover Exceeds Rs 50,000 Crore

Malabar Gold & Diamonds has reached a historic milestone, surpassing an annual retail global turnover of Rs 51,218 Crore Indian Rupees in the last financial year. This achievement highlights the brand’s rapid growth and consolidation as a trusted jewellery name worldwide. Founded in Kerala, Malabar Gold & Diamonds has swiftly risen to prominence over three decades. With an extensive retail expansion strategy, the brand is set to solidify its position as a global leader.

Presently operating 345 stores across 13 countries, the company is now eyeing new territories such as New Zealand, Egypt, Bangladesh, and additional locations in Europe, with plans to open 100 new stores within the next year.To support its expansion, Malabar Gold & Diamonds aims to recruit an additional 7,000 employees, increasing its workforce to 28,000. This expansion isn’t limited to international markets; the company also intends to broaden its footprint within India, venturing into states like Jharkhand, Goa, Assam, Tripura, and Jammu & Kashmir.

Beyond its commercial success, Malabar Gold & Diamonds remains committed to social responsibility. The company has allocated significant resources to Corporate Social Responsibility (CSR) initiatives, with over 234 Crore Indian Rupees invested to date. These initiatives span diverse areas such as education, healthcare, environment, housing, and women empowerment.MP Ahammed, Chairman of Malabar Group, emphasized the company’s dedication to responsible practices and community welfare. “Maintaining our position as a Responsible Jeweller is our utmost responsibility,” stated Ahammed. “This commitment has earned us the trust and loyalty of our customers. We remain dedicated to sourcing responsibly mined materials and contributing positively to the communities we serve.”