Tribhovandas Bhimji Zaveri Ltd's Q3FY25 Quarterly Results

Result Summary

• Tribhovandas Bhimji Zaveri Ltd reported a 63.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 25.1%.
• Its expenses for the quarter were up by 61.0% QoQ and 24.3% YoY.
• The net profit increased 149.6% QoQ and increased 39.4% YoY.
• The earnings per share (EPS) of Tribhovandas Bhimji Zaveri Ltd stood at 4.5 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Tribhovandas Bhimji Zaveri Ltd (TBZ) is a renowned jewelry retailer in India, known for its exquisite collections of gold, diamond, and other precious gem jewelry. The company operates in the highly competitive and vibrant jewelry industry, catering to a diverse clientele that values both traditional and contemporary pieces. TBZ's legacy dates back to its founding in 1864, making it one of the oldest jewelry brands in the country. With a strong presence in major cities, TBZ has established a trusted name through its innovative designs and commitment to quality. Recent developments in the company focus on expanding its reach within and outside India, leveraging both physical stores and digital platforms to enhance customer engagement and sales.

Revenue

In the third quarter of fiscal year 2025 (Q3FY25), Tribhovandas Bhimji Zaveri Ltd reported a total income of ₹928.67 crores. This represents a significant increase of 63.4% compared to the preceding quarter (Q2FY25), where total income stood at ₹568.29 crores. Year-over-year, the total income grew by 25.1% from ₹742.59 crores in the third quarter of fiscal year 2024 (Q3FY24). The substantial rise in revenue on a quarterly basis indicates a robust performance in this period, reflecting the company's ability to drive sales effectively. This growth trajectory in income highlights TBZ's successful market strategies and possibly the impact of seasonal demand or new product launches during the quarter.

Profitability

Tribhovandas Bhimji Zaveri Ltd demonstrated a notable improvement in profitability during Q3FY25, with a profit before tax of ₹41.59 crores. This marks an increase of 141.7% compared to Q2FY25, where the profit before tax was ₹17.21 crores. On a year-over-year basis, the profit before tax grew by 43.0% from ₹29.08 crores in Q3FY24. The tax expense for Q3FY25 was ₹11.71 crores, resulting in a profit after tax of ₹29.88 crores. This shows a 149.6% increase from Q2FY25 and a 39.4% rise year-over-year. The earnings per share (EPS) for the quarter were ₹4.50, showing a substantial growth of 150.0% quarter-over-quarter and 40.6% year-over-year. These figures reflect the company's enhanced profitability and efficient cost management strategies during the quarter.

Operating Metrics

The total expenses for Tribhovandas Bhimji Zaveri Ltd in Q3FY25 amounted to ₹887.08 crores, which increased by 61.0% from the previous quarter's expenses of ₹551.08 crores. Compared to the same quarter in the previous fiscal year, total expenses rose by 24.3% from ₹713.51 crores. The increase in expenses is proportionate to the revenue growth, maintaining a stable profit margin. Key operational metrics such as the profit margin are implied through the changes in income and expenses, showcasing the company's ability to manage its operating costs effectively while scaling its revenue. This financial discipline amidst expanding operations suggests a well-executed strategy in balancing growth with cost control.