Jewellery stock hits 5% upper circuit after reporting 150% QoQ increase in net profit
This Jewellery stock is engaged in designing, manufacturing, and retailing gold, silver, diamond, and platinum jewelry, offering elegant collections and exceptional customer services across India, hit a 5 percent upper circuit after the company reported a strong December quarterly result with a 150 percent QoQ increase in net profit.
Stock Price Movement
With a market capitalization of Rs. 1,194.48 crores, the shares of Tribhovandas Bhimji Zaveri Limited hit a 5 upper circuit of Rs. 179 per share on Wednesday, up from its previous closing price of Rs. 170.50 per share. Over the last five years, the company has given a return of 358.24 percent.
Q3 FY25 Result Walkthrough
Coming into the quarterly results of Tribhovandas Bhimji Zaveri Limited, the company’s consolidated revenue from operations increased by 25.21 percent YOY, from Rs. 741.02 crore in Q3 FY24 to Rs. 927.85 crore in Q3 FY25, and grew by 63.63 percent QoQ from Rs. 567.05 crore in Q2 FY25.
In Q3 FY25, Tribhovandas Bhimji Zaveri Limited’s consolidated net profit increased by 39.37 percent YOY, reaching Rs. 29.88 crore compared to Rs. 21.44 crore during the same period last year. As compared to Q3 FY25, the net profit has increased by 149.62 percent, from Rs. 11.97 crore in Q2 FY25.
The basic earnings per share increased by 39.56 percent and stood at Rs 4.48 as against Rs 3.21 recorded in the same quarter in the previous year 2024.
Also read: Microcap stocks jumps after reporting up to 310% YoY net profit growth in Q3
Products and service offerings
Tribhovandas Bhimji Zaveri (TBZ) offers gold, silver, diamond, and platinum jewelry with elegant and trendy designs. Their collections include Solitaire, Dohra, Showstopper, and Trinity. TBZ provides corporate gifting, nationwide delivery, and retail services across India. They ensure customer satisfaction with trained staff and lifetime buyback on gold and diamond jewelry.
Business Operation
The company has a strong retail presence across India, operating 36 stores in 28 cities across 13 states. With over 100,000 square feet of retail space, the brand’s stores are primarily concentrated in the western and central regions, ensuring widespread accessibility and a premium shopping experience for customers.
Written By – Nikhil Naik
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