TBZ (Tribhovandas Bhimji Zaveri) Q3 FY26 – Festive-Led Growth with Sharp Profit Expansion

TBZ delivered an impressive performance in the December 2025 quarter, driven by strong festive demand and improved operating leverage, resulting in robust growth across all key metrics. • Sales: ↑ 14% YoY to ₹1,061 crore (vs ₹928 crore in Dec 2024) • EBIDT: ↑ 118% YoY to ₹131 crore (vs ₹60.1 crore) • Net Profit: ↑ 170% YoY to ₹80.6 crore (vs ₹29.9 crore) • EPS: ↑ 170% YoY to ₹12.08 (vs ₹4.48) At a price of ₹168, market cap ₹1,125 crore, and PE 7.8, TBZ stands out with a powerful earnings revival at an attractive valuation. The sharp rise in profits despite moderate revenue growth highlights strong margin expansion and operational efficiency, positioning the company well for sustained performance in the jewellery retail space.