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Earnings Call

Tribhovandas Bhimji Zaveri Earnings Call: Key Takeaways

TBZ reported a stellar Q4 FY26 with 56.74% revenue growth and 558.85% PAT growth YoY. Strategy focuses on retail footprint expansion and insight-led brand campaigns.

Why this was an Alfa AlertNot a filter event. While growth was robust, there is no explicit prior guidance range provided to calculate a 10%+ beat.
Highlights
Revenue growth56.74% YoY in Q4; 22.23% for full FY26.
MarginsGross margin expanded 408bps to 18.93% in Q4.
Demand visibilitySustained momentum and strong execution across retail network.

Growth

FY26 Revenue grew 22.23% to ₹32,029.53M; FY26 PAT surged 177.11% to ₹2,004.92M.

Outlook

New store launches in Jaipur, Bhubaneshwar, and Rourkela planned for H1 FY27; targeting Tier-1 and Tier-2 market deepening.

Risks

Higher finance and depreciation costs; volatility in gold prices impacting inventory hedging and bank guarantees.

Source

Earnings Call filed with BSE, NSE: TBZ. Summary written with AI assistance from the document.

Read the document ↗

Tribhovandas Bhimji Zaveri Ltd: key numbers

Share price
₹655.60
Market cap
₹4,375 Cr
Revenue (annual)
₹3,203 Cr
Net profit (annual)
₹202.3 Cr
P/E (TTM)
20.5×Sector 55.7×
Promoter holding
74.12%+0.00% QoQ
FII holding
1.47%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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20:40 IST BSE
Open Offer

Tribhovandas Bhimji Zaveri Open Offer: ₹431.1 Cr

Tribhovandas Bhimji Zaveri Limited received a draft letter of offer for an open offer from GRT Jewellers (India) Private Limited, valued at approximately ₹431.10 Crore.

Value
₹431.1 Cr
11:06 IST NSE
Credit Rating

Tribhovandas Bhimji Zaveri Credit Rating

ICRA placed TBZ on Rating Watch with Positive Implications following GRT Jewellers' proposed 74.12% stake acquisition. A-/A2+ ratings on ₹915 crore debt facilities face potential uplift.

15:39 IST NSE
Annual General Meeting

Tribhovandas Bhimji Zaveri Annual General Meeting

TBZ filed 19th AGM proceedings covering FY25-26 financials adoption, Rs. 2.50 per share dividend, and director re-appointment. Promoters' full-stake SPA with GRT Jewellers was noted.

18:33 IST BSE
Open Offer

Tribhovandas Bhimji Zaveri Open Offer: ₹430.1 Cr

GRT Jewellers (India) Pvt Ltd has announced an open offer to acquire up to 1.72 crore shares of Tribhovandas Bhimji Zaveri Ltd at ₹249.01 per share.

Value
₹430.1 Cr