(20 second reading) Malabar Gold has achieved an annual global turnover of Rs 50000 crore in the last financial year. Its retail expansion plan spans India and overseas markets with plans to open 100 new stores within the next one year. The brand currently operates 345 stores across 13 countries, with plans to open new stores in New Zealand, Egypt, Bangladesh, and more locations in Europe. The company will strengthen its presence in existing markets such as the US, Canada, UK, and Australia.
Malabar Gold & Diamonds is also planning to hire an additional 7,000 employees increasing the workforce to 28,000. It currently employs 21,000 people representing 26 countries.
The company operates 14 supply chain management units in 8 countries and 15 jewellery manufacturing units across 5 countries
