Tribhovandas Bhimji Zaveri Share Price Soars 8% After Robust Q3 FY26 Results

Synopsis: Tribhovandas Bhimji Zaveri Limited reports 54.32% QoQ revenue growth and a 269.94% YoY net profit surge in Q3 FY26 results.

This Jewellery stock, engaged in retailing gold, diamond, platinum, silver ornaments, and studded jewelry like bangles, rings, necklaces, and mangalsutras, jumped 8.39 percent after the company reported December quarterly results with a 169.94 percent YoY increase in net profit.

With a market capitalization of Rs. 1,133.09 crores, the share of Tribhovandas Bhimji Zaveri Limited has reached an intraday high of Rs. 182.20 per equity share, rising nearly 8.39 percent from its previous day’s close price of Rs. 168.10. Since then, the stock has retreated and is currently trading at Rs. 169.80 per equity share.

Q3 FY26 Result Walkthrough:

Coming into the quarterly results of Tribhovandas Bhimji Zaveri Limited, the company’s consolidated revenue from operations increased by 14.40 percent YOY, from Rs. 927.85 crore in Q3 FY25 to Rs. 1,061.42 crore in Q3 FY26, and grew by 54.32 percent QoQ from Rs. 687.82 crore in Q2 FY26.

Tribhovandas Bhimji Zaveri Limited generated 99.99 percent of its revenue from the sale of products (gold, diamond, silver, platinum, and precious stones) and 0.01 percent from other operating income in Q3 FY26. 

In Q3 FY26, Tribhovandas Bhimji Zaveri Limited saw strong improvement in profitability, with EBITDA rising 118.16 percent YoY to Rs. 132.05 crore. The EBITDA margin improved by 592 bps to 12.44 percent, driven by better operating efficiency and higher margins.

In Q3 FY26, Tribhovandas Bhimji Zaveri Limited’s consolidated net profit increased by 169.94 percent YOY, reaching Rs. 80.63 crore compared to Rs. 29.87 crore during the same period last year. As compared to Q2 FY26, the net profit has increased by 155.72 percent, from Rs. 31.53 crore.

The basic earnings per share increased by 169.64 percent and stood at Rs. 12.08 as against Rs. 4.48 recorded in the same quarter in the previous year, FY2025. Tribhovandas Bhimji Zaveri Limited’s revenue and net profit have grown at a CAGR of 12.42 percent and 50.37 percent, respectively, over the last three years.

In terms of return ratios, the company’s ROCE and ROE stand at 12 percent and 10.9 percent, respectively. Tribhovandas Bhimji Zaveri Limited has an earnings per share (EPS) of Rs. 21.6, and its debt-to-equity ratio is 1.18x.

Business Development:

Tribhovandas Bhimji Zaveri Limited has steadily expanded its scale and reach, strengthening its retail footprint across India. It now operates 37 stores covering over 1,00,000 sq. ft. across 27 cities in 13 states. 

During FY25, new stores were opened in Pink City, Jaipur, and Bhubaneshwar, with Rourkela becoming the ninth store location. In April 2025, two additional stores were added in Ahmedabad and Hyderabad, taking the total store count to 37, reflecting continued focus on network expansion and market penetration.

Company Overview:

Tribhovandas Bhimji Zaveri Limited (TBZ) was founded in 1864 in Mumbai’s Zaveri Bazaar and operates as a trusted jewelry retailer across India. The company sells gold, diamond, platinum, and silver ornaments, focusing on wedding pieces like mangalsutras alongside fashionable items such as lightweight bangles, rings, and necklaces. 

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Tribhovandas Bhimji Zaveri Share Price Soars 8% After Robust Q3 FY26 Results appeared first on Trade Brains.