Tribhovandas Bhimji Zaveri Ltd Q3 net profit rises 45 percent to Rs 30 crore

Jewellery retailer Tribhovandas Bhimji Zaveri Ltd reported a 45 percent increase in net profit to Rs 30 crore ($3.5 million) for the third quarter ended December 2024, as against Rs 21 crore in the year ago quarter.

The company’s revenue for the quarter rose by 25 percent to Rs 927 crore, as against Rs 741 crore in the corresponding quarter of the previous fiscal year.

The robust growth was driven by a combination of higher footfalls, product innovations, and well-executed marketing campaigns.

Commenting on the results, Srikant Zaveri, chairman of TBZ Ltd in a statement said, “The significant 25.21% increase in revenue for Q3FY25 and 45.41% surge in PAT for 9MFY25 reflect the resilience of our brand and our ability to capitalize ·on evolving consumer demand. Our steadily expanding store network, organic sales growth at existing stores, strategic product mix, and innovative marketing initiatives continue to drive our success.”

“As we move forward, a judicious combination of our franchise model and proprietary stores will remain key levers of sustainable growth, reinforcing our reputation as one of India’s most trusted jewellery makers,” he added.

TBZ Ltd ended the quarter with a retail footprint of 36 stores across 28 cities in 13 states.