Any current/future new fundraising through debt or equity?

No specific mention of any current or planned new fundraising through debt or equity was made in the call transcript. The company discussed its current borrowing position: total borrowings reduced from INR 508 crores (March 31) to INR 488 crores (December 31), with about 50% being gold metal loans. There was no reference to plans for raising fresh equity or debt in the near future. The growth plans primarily focus on organic expansion and franchisee additions rather than new fundraising. The budgeting exercise for FY24 is ongoing, with revenue growth projections of 25%-30%, but no fundraising

Future growth expectations in sales/revenue/volumes?

TBZ is very bullish on FY24 with budgeting targeting a minimum of 25% to 30% growth in revenue (Q3 & 9MFY23 Transcript, Page 4). Growth drivers include both organic expansion and inorganic growth (Page 5). Expansion plan aims to increase store count beyond the current 32 stores, primarily through franchise routes (Pages 4-6). There are over 15 franchise requests showing strong interest; franchisee contribution presently around 3.5% of sales with scope to grow (Pages 4-6). Wedding and occasion-related sales, which constitute around 60% of sales, continue to be a significant demand driver (Pages

Future growth expectations in earnings/operating earnings/profits/EPS?

The company is very bullish on FY24, with budgeting currently underway. Expected revenue growth for FY24 is projected at a minimum of 25% to 30%. Growth drivers include both organic expansion (existing stores) and inorganic growth primarily through new store openings. The current store count is 32, with plans to increase this, including through franchise stores. EBITDA growth recorded 17% Y-o-Y in Q3FY23 and 49% in 9MFY23. Q3FY23 profit before tax (PBT) increased by 13% Y-o-Y, and 9MFY23 PBT grew by 90% Y-o-Y. Profit margins showed slight improvements; Q3FY23 EBITDA margin at 5.3% vs 4.9% last

Tribhovandas Bhimji Zaveri LtdQ3 FY23Consumer Durables

Tribhovandas Bhimji Zaveri Ltd Q3 FY23 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹598P/E: 19.5Market Cap: ₹4.2K CrSector: Consumer Durables

Management growth scorecard

Revenue

Category 2

Margin

Category 2

Fundraise

N/A

Order

N/A

Capex

Yes

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 2

TBZ is very bullish on FY24 with budgeting targeting a minimum of 25% to 30% growth in revenue (Q3 & 9MFY23 Transcript, Page 4).
Growth drivers include both organic expansion and inorganic growth (Page 5).
Expansion plan aims to increase store count beyond the current 32 stores, primarily through franchise routes (Pages 4-6).
There are over 15 franchise requests showing strong interest; franchisee contribution presently around 3.5% of sales with scope to grow (Pages 4-6).
Wedding and occasion-related sales, which constitute around 60% of sales, continue to be a significant demand driver (Pages 5-7).
Increasing customer engagement via digital initiatives is expected to improve footfall and conversion; 50% of footfalls in Q3 were from new customers (Page 6).
New collections and marketing campaigns (e.g., with brand ambassador Sara Ali Khan) support growth and customer acquisition (Page 4).

Margin guidance

Category 2

The company is very bullish on FY24, with budgeting currently underway.
Expected revenue growth for FY24 is projected at a minimum of 25% to 30%.
Growth drivers include both organic expansion (existing stores) and inorganic growth primarily through new store openings.
The current store count is 32, with plans to increase this, including through franchise stores.
EBITDA growth recorded 17% Y-o-Y in Q3FY23 and 49% in 9MFY23.
Q3FY23 profit before tax (PBT) increased by 13% Y-o-Y, and 9MFY23 PBT grew by 90% Y-o-Y.
Profit margins showed slight improvements; Q3FY23 EBITDA margin at 5.3% vs 4.9% last year; 9MFY23 EBITDA margin at 4.4% vs 4%.
Management sees slightly better margins in the coming quarter compared to Q3.
Expansion plans and franchise model expected to contribute to sustained profit growth and EPS improvement.

See what Tribhovandas Bhimji Zaveri Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

No specific mention of any current or planned new fundraising through debt or equity was made in the call transcript.
The company discussed its current borrowing position: total borrowings reduced from INR 508 crores (March 31) to INR 488 crores (December 31), with about 50% being gold metal loans.
There was no reference to plans for raising fresh equity or debt in the near future.
The growth plans primarily focus on organic expansion and franchisee additions rather than new fundraising.
The budgeting exercise for FY24 is ongoing, with revenue growth projections of 25%-30%, but no fundraising strategy was outlined.

Order book

The transcript provided does not specifically mention the current or expected order book or pending orders for Tribhovandas Bhimji Zaveri Limited. The discussion primarily covers sales, store expansion plans, financial performance, footfall, wedding season contributions, franchise models, and margin guidance. Key relevant points about business outlook and growth include: - TBZ is targeting 25% to 30% revenue growth in FY24, driven by both organic and inorganic growth. - Expansion plans include potentially increasing the number of stores beyond the current 32, with additional stores primarily through the franchise route. - Over 15 franchisee requests are under evaluation, indicating potential growth in franchise operations. - No direct figures or detailed commentary on order books or pending orders were disclosed during the call. Therefore, no specific data on current or expected order book/pending orders is available from this material.

See what Tribhovandas Bhimji Zaveri Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

- TBZ currently operates 32 stores and plans to increase this number, with work ongoing to add more stores primarily through the franchise route. - The company has received over 15 franchisee requests and is evaluating these to expand franchise-operated stores. - No specific capex amount or timeline is finalized yet; the budgeting exercise for FY24 is ongoing. - Growth strategy includes organic expansion through new stores and inorganic growth via franchise participation. - Such expansion efforts are aligned with the company's vision to penetrate further into promising markets and increase customer engagement. In summary, TBZ is focusing on store expansion mainly via franchise partnerships as part of its strategic investment plans, but detailed capital expenditure guidance is yet to be finalized.

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Tribhovandas Bhimji Zaveri Ltd Q3 FY23 Earnings Call Analysis

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Fundraise plans

Capex plans

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

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