Tribhovandas Bhimji Zaveri Ltd
NSE:TBZ
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
Tribhovandas Bhimji Zaveri Ltd
NSE:TBZ
|
IN |
Tribhovandas Bhimji Zaveri Ltd
Tribhovandas Bhimji Zaveri Ltd. engages in the manufacture and trade of jewellery. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2012-05-09. The firm provides plain gold, diamond studded, semi-precious stone studded, lightweight, temple, diamond studded and plain platinum jewelry, jewelry with colored stones in gold and diamond, loose diamond solitaires, loose precious and semi-precious stones. The Company’s products range includes rings, earrings, necklaces, pendants, bangles, bracelets, coins, waist belt and mangalsutra. The firm has one subsidiary company, namely Tribhovandas Bhimji Zaveri (Bombay) Limited. The firm offers various collections, including RIWAYAT BRIDAL, MANGALSUTRA, BLUSH, TRINITY, SITARA, NOOR, TATVA, COLLECTION K, JADAU BRIDAL, ROSABELLE, PLATINUM VOWS and PRETTY LITTLE THINGS. The firm has approximately 31 stores, out of which 28 are its own stores and three franchisee stores in approximately 25 cities and twelve states across India. Its manufacturing facility is located at Kandivali, Mumbai.
Tribhovandas Bhimji Zaveri Ltd. engages in the manufacture and trade of jewellery. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2012-05-09. The firm provides plain gold, diamond studded, semi-precious stone studded, lightweight, temple, diamond studded and plain platinum jewelry, jewelry with colored stones in gold and diamond, loose diamond solitaires, loose precious and semi-precious stones. The Company’s products range includes rings, earrings, necklaces, pendants, bangles, bracelets, coins, waist belt and mangalsutra. The firm has one subsidiary company, namely Tribhovandas Bhimji Zaveri (Bombay) Limited. The firm offers various collections, including RIWAYAT BRIDAL, MANGALSUTRA, BLUSH, TRINITY, SITARA, NOOR, TATVA, COLLECTION K, JADAU BRIDAL, ROSABELLE, PLATINUM VOWS and PRETTY LITTLE THINGS. The firm has approximately 31 stores, out of which 28 are its own stores and three franchisee stores in approximately 25 cities and twelve states across India. Its manufacturing facility is located at Kandivali, Mumbai.
Profitability: TBZ achieved strong profit growth in Q3 FY24, with gross profit up 13.5% YoY and EBITDA margin expanding by 77 bps YoY to 6.1%, despite revenue pressures.
Revenue Trends: Management acknowledged flat or declining revenue due to reduced corporate sales, high gold prices, and a shift in wedding season demand.
Expansion: One new store opened in Vapi, with two more expected by Q4 or early Q1 next year. Management is cautious and selective about further expansion, prioritizing profitability.
Franchise Model: Active negotiations are ongoing for 5 to 8 franchise stores, aiming for launches by next Diwali. The focus is shifting toward franchisee-owned stores for asset-light growth.
Outlook: Management sees positive sales traction in January and expects Q4 to show good year-on-year growth, targeting 15–20% sales growth in FY25 and EBITDA margins above 6.5%.
