Tribhovandas Bhimji Zaveri Share Price

Gems & Jewellery company Tribhovandas Bhimji Zaveri announced Q4FY26 & FY26 results Standalone Financial Highlights: Revenue from Operations: In Q4FY26, the company reported revenue from operations of Rs 829.70 crore, compared to Rs 1,061.42 crore in Q3FY26 (a decline of 21.83% QoQ) and Rs 529.34 crore in Q4FY25 (a growth of 56.74% YoY). For the full year FY26, revenue stood at Rs 3,202.95 crore, compared to Rs 2,620.48 crore in FY25 (a growth of 22.23% YoY). Profit After Tax (PAT): In Q4FY26, the company reported a PAT of Rs 67.08 crore, compared to Rs 81.77 crore in Q3FY26 (a decline of 17.96% QoQ) and Rs 10.18 crore in Q4FY25 (a growth of 558.53% YoY). For the full year FY26, PAT stood at Rs 200.49 crore, compared to Rs 72.35 crore in FY25 (a growth of 177.11% YoY). Consolidated Financial Highlights: Revenue from Operations: In Q4FY26, the consolidated revenue from operations was Rs 829.70 crore, compared to Rs 1,061.42 crore in Q3FY26 (a decline of 21.83% QoQ) and Rs 529.34 crore in Q4FY25 (a growth of 56.74% YoY). For the full year FY26, consolidated revenue stood at Rs 3,202.95 crore, compared to Rs 2,620.48 crore in FY25 (a growth of 22.23% YoY). Profit After Tax (PAT): In Q4FY26, consolidated PAT was Rs 67.64 crore, compared to Rs 80.63 crore in Q3FY26 (a decline of 16.12% QoQ) and Rs 9.49 crore in Q4FY25 (a growth of 612.65% YoY). For the full year FY26, consolidated PAT stood at Rs 202.31 crore, compared to Rs 68.39 crore in FY25 (a growth of 195.82% YoY). Business Highlights: Segment Performance: The company's business activity falls within a single primary business segment of "Jewellery" and one reportable geographical segment which is "within India". Expansion: During FY26, the company expanded its retail network by opening two new Company Owned, Company Operated (COCO) flagship high-street showrooms in C.G. Road, Ahmedabad, and Kondapur, Hyderabad. This expands the company's national footprint to 37 showrooms across 28 cities. Product Strategy: Throughout FY26, the company introduced several key collections, including a temple-themed collection, 'Dohra' (detachable bridal jewellery), 'Just Hers' (bangles, chains, and mangalsutras), and 'NINE' (a 9 Karat collection). Dividend: The Board of Directors has recommended a final dividend of Rs 2.5 per equity share (25%) of face value of Rs 10 per share for the financial year 2025-26, subject to shareholder approval. Shrikant Zaveri, Chairman & Managing Director, said: FY26 has been a defining year in TBZ's 161-year journey. The Company delivered its strongest-ever financial performance, with Revenue from Operations growing 22.23%, EBITDA more than doubling at 103.42% and PAT increasing 177.11%, while moving to a double-digit EBITDA margin profile for the first time in the Company's history. This performance validates the strategic direction the Company has set and reflects the underlying strength of the TBZ brand. The quality of this growth is as important as its quantum. It has been driven by sharper consumer insight, distinctive design and disciplined execution, rather than by elevated gold prices. The fact that over half of our walk-ins during the year came from new and returning dormant customers is a clear indicator that the TBZ brand is connecting with a wider and younger consumer base. In FY27, the Company's priorities are clear. We will build on this margin-led trajectory, expand our retail presence in a calibrated and returns-accretive manner, and continue investing in design innovation, customer experience and digital capabilities. With a stronger balance sheet, a more efficient operating model and a brand that is increasingly relevant to new generations of consumers, TBZ is well positioned for sustainable, profitable growth in the years ahead. Binaisha Zaveri, Whole-time Director, said: Retail jewellery is fundamentally a store-level business, and FY26 has been a year of meaningful improvement in how our showrooms operate. We added two flagship Company Owned, Company Operated (COCO) showrooms during the year - at C.G. Road, Ahmedabad and Kondapur, Hyderabad - taking our footprint to 37 showrooms across 28 cities. Both are positioned in high-quality catchments and reflect the format we will continue to prioritise. Our approach to network growth remains deliberately calibrated-we would rather add fewer, well-located, productive stores than chase scale at the cost of store-level returns. In FY27, our focus is on improving productivity at existing stores and ensuring new openings ramp up in a returns-accretive manner." Raashi Zaveri, Whole-time Director, said: "FY26 has been the year TBZ's design and brand strategy moved decisively in step with the evolving Indian jewellery consumer. The product narrative began in Q1 with our temple-themed collection, which saw a strong pan-India response, and built through the year across three flagship propositions. Dohra, our detachable bridal jewellery collection, was built on the insight that today's brides value flexibility and longer wearability, and was well-received through the wedding season. 'Just Hers' - spanning bangles, chains and mangalsutras - moved jewellery beyond occasion-led purchase for the self-purchasing woman. NINE, our 9 Karat collection introduced in the Mumbai market, addresses the needs of a younger consumer base seeking lightweight, contemporary expressions of fine jewellery. These design-led launches were supported by a more integrated marketing approach across CRM, digital, influencer, mainline and store-led channels, and reinforced by regionally relevant campaigns Mukesh Sharma, Chief Financial Officer, said: "The most significant feature of FY26 has been the structural improvement in TBZ's earnings profile. Gross margin expanded by 381 bps to 17.47% and EBITDA margin expanded by 446 bps to 11.18%, taking the Company into a double-digit EBITDA margin profile for the year. The Q4FY26 EBITDA margin of 13.45% reflects the operating leverage now available as store-level throughput improves. The margin progression has been supported by a better business mix, sharper procurement and pricing discipline, lower discounting and improved fixed-cost absorption. A higher gold price environment is inherently more working capital intensive, and managing inventory and cash conversion through such cycles remains a continuous focus. In FY27, our priorities are to sustain margin discipline, manage working capital prudently and support the Company's calibrated expansion in a returns-accretive manner." Result PDF

• Trendlyne
• 2 weeks 3 days ago

Tribhovandas Bhimji Zaveri Ltd (TBZ) on Tuesday posted more than two-fold jump in consolidated net profit to Rs 80.63 crore for third quarter of 2025-26 fiscal on strong sales. Net profit stood at Rs 29.87 crore in the same quarter previous fiscal, according to a regulatory filing. Total income rose 14.51 per cent to Rs 1,063.47 crore during October-December FY26 compared with Rs 928.66 crore a year ago. Expenses remained higher at Rs 954.97 crore as against Rs 887.07 crore. "During the quarter, we delivered healthy revenue growth. Profitability expanded at a meaningfully faster pace, supported by stronger gross margins and improved operating leverage," TBZ Chairman and Managing Director Srikant Zaveri said. In a period of elevated gold prices, the company's focus has been consistent: convert demand into profitable growth through disciplined execution, tighter cost management, and sharper margin focus, he said. "As we look ahead, we aim to keep growing steadily, convert scale int

• Business Standard
• 4 months 3 weeks ago

Gems & Jewellery company Tribhovandas Bhimji Zaveri announced Q1FY26 results Revenue from Operations: Rs 6,240.07 million in Q1FY26, a 4.7% YoY increase, supported by occasion-led campaigns, calibrated store additions, and robust consumer traction across metros and emerging regions. Gross Profit: Rs 1008.43 million in Q1FY26, up 17.4% YoY reflecting a favourable product mix and procurement efficiencies. Gross Margin: Expanded 176 basis points YoY to 16.2%, supported by stronger realisations on premium and design-led collections. EBITDA: Rs 514.08 million in Q1FY26, up 20.7% YoY, benefitting from operating leverage and consistent discipline in cost absorption across expanding formats. EBITDA Margin: Rose 110 basis points YoY to 8.2%, underlining margin resilience even amid new store operationalisations. Profit Before Tax (PBT): Rs 282.39 million in Q1FY26, up 13.8% YoY, with elevated depreciation from new stores partially offset by topline and efficiency gains. Profit After Tax (PAT): Rs 209.44 million in Q1FY26, up 13.4% YoY, with PAT margin improving 27 bps to 3.4%. PAT Margin: Up by 3.4%% in Q1FY26 (27 bps YoY) from 3.1 % in Q1FY25. Earnings Per Share (EPS): Increased to Rs 3.14 in Q1FY26 from Rs 2. 77 in Q1FY25. Result PDF

• Trendlyne
• 10 months 1 week ago