Tribhovandas Bhimji Zaveri sees profits rise 7.5% in FY24 Q4

Fine jewellery brand Tribhovandas Bhimji Zaveri saw its profits rise by 7.5% year on year in the fourth quarter of the 2024 financial year due to strong demand. The business also reported a 9% increase in its revenue from operations in the quarter.

Tribhovandas Bhimji Zaveri reported a consolidated net profit of Rs 126.1 million in the fourth quarter of the 2024 financial year which ended on March 31, ET Bureau reported. The business has reported Rs 117.3 million in profits for the fourth quarter of the 2023 fiscal year.
 
The jewellery business’ revenue from operations totalled Rs 5.07 billion in the fourth quarter of the 2024 financial year. Tribhovandas Bhimji Zaveri’s expenses for the recent financial quarter totalled Rs 4.93 billion, representing a 9.2% increase from the fourth quarter of the 2023 financial year.
 
The business attributes its growth to its new, advanced inventory management systems as well as process automation, Reuters reported. In the 2025 financial year, Tribhovandas Bhimji Zaveri plans to open new franchise stores to launch in cities where it does not yet have a brick-and-mortar presence.
 
Tribhovandas Bhimji Zaveri’s history dates back over 158 years, according to its website. The business offers 100% Bureau of Indian Standards hallmarked 22 carat gold jewellery and its corporate office is based in Mumbai. The brand specialises in traditional style jewellery for bridal and occasion wear.