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Tribhovandas Bhimji Zaveri Limited Q3 FY26 results deck summary
NSE: TBZ · BSE: 534369
Results deck of 21 Jan 2026, summarised by AI from the filing.
Q3 FY26 revenue ₹10,614.23 mn, up 14.40% YoY, with PAT ₹817.67 mn, up 168.26% YoY.
Key takeaways
- Q3 FY26 revenue Revenue from operations ₹10,614.23 mn, up 14.40% YoY, with gross margin at 17.48% (+500 bps).
- Q3 FY26 PAT PAT ₹817.67 mn, up 168.26% YoY; EBITDA ₹1,320.50 mn, up 118.16% YoY.
- Marketing Festive “Tyohaar Matlab TBZ” campaign and “Dohra” detachable jewellery launch drove Q3 marketing.
- Gold lease risk Gold lease is marked to market daily, so any increase in gold price causes TBZ to top up its bank guarantee.
Tribhovandas Bhimji Zaveri Limited Q1 FY27 results
As filed: Revenue ₹841 cr (+35% year on year), EBITDA ₹72.3 cr (+36% year on year), PAT ₹33.9 cr (+47% year on year), EBITDA margin 8.6% (+10 bps).
The Q1 FY27 score, against the company's own trend, is for premium members.
Earlier results and the share price after them
- Q4 FY26: Revenue ₹830 cr (+57% year on year), EBITDA ₹112 cr (+204% year on year), PAT ₹67.6 cr (+300% year on year), EBITDA margin 13.5% (+655 bps). Score 85 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 655 bps year on year. Revenue fell 22% from last quarter. Share price after the results: +34.6% in 29 days (Nifty 500: +0.6%).
- Q3 FY26: Revenue ₹1,061 cr (+14% year on year), EBITDA ₹131 cr (+119% year on year), PAT ₹80.6 cr (+169% year on year), EBITDA margin 12.4% (+589 bps). Score 87 of 100, Above trend. Revenue growth was above the company's own trend; EBITDA and profit growth were well above it. EBITDA margin rose 589 bps year on year. Share price after the results: −4.8% in 30 days (Nifty 500: +2.0%).
- H1 FY26: Revenue ₹1,312 cr, EBITDA ₹114 cr, PAT ₹52.0 cr, EBITDA margin 8.7%. Not scored. No result for the same half-year last year. Share price after the results: −13.6% in 28 days (Nifty 500: −0.5%).
- Q1 FY26: Revenue ₹624 cr (+5% year on year), EBITDA ₹53.0 cr (+29% year on year), PAT ₹23.0 cr (+35% year on year), EBITDA margin 8.5% (+161 bps). Score 60 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA and profit growth were above it. EBITDA margin rose 161 bps year on year. Share price after the results: −14.5% in 30 days (Nifty 500: +0.7%).
- Q4 FY25: Revenue ₹529 cr (+4% year on year), EBITDA ₹37.0 cr (+19% year on year), PAT ₹9.0 cr (−31% year on year), EBITDA margin 7.0% (+88 bps). Score 39 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA growth was in line with it; profit growth was well below it. EBITDA margin rose 88 bps year on year. Revenue fell 43% from last quarter. Share price after the results: −10.1% in 29 days (Nifty 500: +2.0%).
- Q3 FY25: Revenue ₹928 cr (+25% year on year), EBITDA ₹60.0 cr (+33% year on year), PAT ₹30.0 cr (+43% year on year), EBITDA margin 6.5% (+39 bps). Score 76 of 100, Above trend. Revenue and EBITDA growth were well above the company's own trend; profit growth was above it. EBITDA margin rose 39 bps year on year.
- Q2 FY25: Revenue ₹567 cr (+18% year on year), EBITDA ₹35.0 cr (+17% year on year), PAT ₹12.0 cr (+33% year on year), EBITDA margin 6.2% (−6 bps). Score 64 of 100, In line with trend. EBITDA margin was flat year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 5% from last quarter.
Past price moves after results do not indicate future moves. Not a recommendation.
Tribhovandas Bhimji Zaveri Limited earnings call, investor presentation and press release summaries
- Q4 FY26: Results deck (28 May 2026)
- Q3 FY26: Results deck (21 Jan 2026)
- Q2 FY26: Results deck (17 Nov 2025)
- Q1 FY26: Results deck (7 Aug 2025)
- Q4 FY25: Results deck (26 May 2025), Results press release (23 May 2025)
Figures from the company's filings with NSE and BSE. Not investment advice.