Malabar Gold to expand retail presence with 10 new stores by March

Jewellery retailer Malabar Gold & Diamonds plans to strengthen its retail presence by opening 10 new stores to take its store count to 350 before the end of the current financial year in March.

The new stores will be opened in Latur, Satara, Nagpur in Maharashtra, Kolar, Whitefield in Karnataka, Jaipur in Rajasthan, Chandni Chowk in Delhi, Vanasthalipuram in Andhra Pradesh, Patiala in Punjab, and Puducherry.

Malabar Gold is also planning international expansion by opening new stores in countries such as New Zealand, Egypt, Turkey, and South Africa.

Commenting on the expansion, MP Ahammed, chairman of Malabar Group in a statement said, “We have achieved great progress at the global level by embracing the concept of ‘Make in India, Market to the World.’ This accomplishment brings immense joy, not only to us but also to jewellery enthusiasts in the 14 countries where the brand is present.”

“As we prepare to open ten new stores, we express our sincere gratitude to all our valued customers, team members, and investors who have played a key role in making this possible. With each new store opening, we are moving closer to our goal of becoming the world’s number one jewellery and luxury brand,” he added.

Currently, Malabar is the world’s sixth-largest jewellery group with presence in countries like UAE, Qatar, Kuwait, Oman, Saudi Arabia, Bahrain, Singapore, Malaysia, the US, the UK, Canada, and India. The company recently made its debut on the 19th spot in Deloitte’s luxury goods global ranking.