Steady growth for Tribhovandas Bhimji Zaveri, posts five-fold jump in FY25 Q1 profit

Tribhovandas Bhimji Zaveri, the well-known jewellery brand has reported a nearly five-fold jump in first-quarter profit. The company confirmed the news to Franchise India, saying its consolidated net profit rose to 113.7 million Indian rupees ($1.38 million) for the quarter ended June 30, from 24.4 million rupees a year earlier. Demand for gold remained strong in the quarter, especially due to the Akshaya Tritiya festival in April.

It had posted a more than three-fold jump in profit in the January-March quarter.

The brand’s total revenue slid marginally this quarter by 1.6% to 5.71 billion rupees.

Tribhovandas Bhimji Zaveri (TBZ- The Original) from Mumbai enjoys the market standing of 150 years and is known for quality and craftsmanship.

The brand has been at the forefront of designing traditional as well as contemporary collections and are trendsetters setting benchmarks in the jewellery market.

Every jewellery piece comes with a buyback guarantee. TBZ- The Original are one of the first brands in India to promote the concept of lightweight precious jewellery, offer lifetime buyback on gold and diamond jewellery, provide certified solitaire diamonds and introduce 100% BIS hallmarked 22 karat gold jewellery.

The brand is now scaling up its operations and expanding via franchising.