Tribhovandas Bhimji Zaveri Ltd

Q2 FY26Consumer Durables

Tribhovandas Bhimji Zaveri Ltd Q2 FY26 Results & Presentation Highlights: Revenue, Margins & Order Book

Q2 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹675

Market cap₹4.0K Cr

P/E18.8

Updated25 Sept 2026

Read4 min read

Based on Tribhovandas Bhimji Zaveri Ltd's Q2 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Q2 FY26 Revenue from operations: ₹6,878.28 million, up 21.30% YoY (from ₹5,670.47 million in Q2 FY25). EBITDA for Q2 FY26: ₹631.31 million, up 74.15% YoY (from ₹362.51 million in Q2 FY25) - EBITDA Margin for Q2 FY26: 9.18%, up 279 basis points YoY (from 6.39% in Q2 FY25) - Profit After Tax

From Tribhovandas Bhimji Zaveri Ltd's Q2 FY26 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

Q2 FY26 Revenue from operations: ₹6,878.28 million, up 21.30% YoY (from ₹5,670.47 million in Q2 FY25).
H1 FY26 Revenue from operations: ₹13,118.35 million, up 12.77% YoY (from ₹11,632.90 million in H1 FY25).
Q2 FY26 gross profit grew 49.50% YoY; gross margin expanded to 16.87% (up 318 bps).
EBITDA for Q2 FY26 increased by 74.15% YoY to ₹631.31 million; EBITDA margin at 9.18%.
PAT for Q2 FY26 rose by 132.23% YoY to ₹307 million; PAT margin improved to 4.46%.
No explicit future revenue or volume guidance is mentioned in the presentation.

2 more points management made on revenue & sales performance

Profitability & Margins

- **EBITDA for Q2 FY26:** ₹631.31 million, up 74.15% YoY (from ₹362.51 million in Q2 FY25) - **EBITDA Margin for Q2 FY26:** 9.18%, up 279 basis points YoY (from 6.39% in Q2 FY25) - **Profit After Tax (PAT) for Q2 FY26:** ₹307.00 million, up 132.23% YoY (from ₹132.20 million in Q2 FY25) - **PAT Margin for Q2 FY26:** 4.46%, up 213 basis points YoY (from 2.33% in Q2 FY25) The presentation reports materially enhanced profitability and improved margin profiles but does **not** state any explicit forward-looking margin outlook or specific margin guidance.

See what Tribhovandas Bhimji Zaveri Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Diamond manufacturing facility expansion from ~6,000 sq. ft. to ~24,000 sq. ft. completed by 2011 (Page 17).
Owned manufacturing facility located at Kandivali, Mumbai, with gold refining and jewelry components manufacturing capacity (Page 21).
Gold jewellery manufacturing outsourced to a network of 150+ vendors with annual gold processing capacity >100 kg each (Page 20).
Retail expansion includes:
New stores opened in Ahmedabad (C.G. Road) and Hyderabad (Kondapur) in April 2025 (Page 10).
New stores opened recently in Vapi-GIDC (Nov 2023), Jaipur (Jun 2024), Bhubaneswar (Sep 2024), Rourkela (Oct 2024), Kalyan (Oct 2022) (Page 17).

2 more points management made on capital expenditure plans

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The presentation does not explicitly mention any fundraising through debt or equity during Q2 & H1 FY26.
There is no direct reference to a new debt issue or equity raise.
Page 22 mentions Gold Metal Loan as an efficient sourcing channel, describing gold leased from banks with related financing costs, but this reflects operational financing rather than new borrowing.
Financial highlights (Page 8, 9) show improved profitability and a strong balance sheet with "lowering debt levels," indicating a reduction rather than an increase in borrowings.

2 more points management made on fundraising & capital structure

See what Tribhovandas Bhimji Zaveri Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation of Tribhovandas Bhimji Zaveri Limited (TBZ) for Q2 & H1 FY26 does not explicitly report or mention any details regarding: - Order book size - Order inflow metrics - Pending orders or backlog The presentation focuses primarily on financial performance, strategic growth pillars, retail expansion, gold metal loan, marketing initiatives, and operational highlights but does not provide any specific quantitative or qualitative information on order book or order inflow status.

Tribhovandas Bhimji Zaveri Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹830 Cr, net profit ₹68 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Tribhovandas Bhimji Zaveri Ltd's management said in earlier quarters

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Ethos Ltd (Q2 FY26)
Q2FY26 Revenue from Operations: ₹383.4 Cr, up 29.0% YoY from ₹297.1 Cr in Q2FY25 (Pages 10, 11, 12, 13, 14, 15) . Key investor presentation takeaways from Ethos
Pokarna Ltd (Q2 FY26)
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Shringar House of Mangalsutra Ltd (Q2 FY26)
Q2 FY26 Revenue from Operations: ₹5,287.99 million, up 27.09% YoY (vs. Key investor presentation takeaways from Shringar House of Mangalsutra Ltd's Q2 FY26 inve

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Frequently Asked Questions

What were Tribhovandas Bhimji Zaveri Ltd Q2 FY26 results?

What is Tribhovandas Bhimji Zaveri Ltd share price analysis?

Tribhovandas Bhimji Zaveri Ltd currently shows a neutral. The stock trades at a P/E of 18.8 with a market cap of ₹4,028 Cr. Investors should review the full earnings analysis for detailed insights.

Is Tribhovandas Bhimji Zaveri Ltd planning capital expenditure?

Diamond manufacturing facility expansion from ~6,000 sq.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.