Malabar Gold and Diamonds strengthens presence in Telangana
Malabar Gold and Diamonds has strengthened its store network in the southern state of Telangana, with the opening of its 13th store through a virtual inauguration ceremony.
The new store, located at Khamman at Wyra Road, was virtually inaugurated by popular south Indian actress, Tamannaah Bhatia. The store will offer jewellery designs for every occasion, along with a safe and hygienic showroom tour option for its visitors.
Commenting on the expansion, MP Ahammed chairman at Malabar Group, in a statement said: “The store will help us spread our retail presence in Telangana. Our retail expansion is part of our plan to become the number one gold retail brand in the world in terms of both showroom count and sales. So, we have plans to triple the number of showrooms in the next five years.”
Tamannaah Bhatia added: “The virtual inauguration proves that the jeweller is committed to expanding its customer base with its distinctive service quality during these challenging times. The Khammam store will set the standard for an extraordinary jewellery shopping experience in its region.”
Malabar Gold had reported revenue of $4.51 billion in 2018-19. The company currently owns and operates more than 260 showrooms across ten countries.
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