Kozhikode, Kerala–Malabar Gold & Diamonds has announced an expansion strategy involving the launch of 48 showrooms globally by the end of 2025 and into early 2026.
This plan comprises 27 new retail outlets and the renovation of 21 existing locations, supported by a capital commitment of Rs 5,000 crore. This development is part of the brand’s objective to achieve an annual revenue target of approximately USD 8.85 billion, or Rs 78,000 crore.
According to a report by The Daily Tribune, the expansion includes 14 new stores within India and an international rollout across the UAE, USA, UK, Australia, and Canada. The retailer will also enter its 14th country of operation with a debut in New Zealand.
To facilitate this increased production requirement, the company has inaugurated a 3.45 lakh square foot integrated manufacturing facility in Hyderabad.
The growth phase was highlighted following the conferment of the Business Bhushan Award upon Chairman M.P. Ahammed by the Maharashtra government.
The award recognises his role in the retail sector and the company’s commitment to ethical sourcing and responsible growth. Malabar Gold & Diamonds continues to allocate five per cent of its net profit to corporate social responsibility initiatives while expanding its global retail footprint.
Learn more in this report by The Daily Tribune.
