Q4 FY26 Financial Performance (Standalone)

  • Revenue from Operations: Increased by 56.74% Year-over-Year (YoY) to ₹8,296.95 million from ₹5,293.44 million in Q4 FY25.
  • Gross Profit: Surged 99.79% YoY to ₹1,570.69 million. The Gross Margin expanded by 408 basis points (bps) to 18.93% from 14.85%.
  • EBIDTA: Grew 204.01% YoY to ₹1,116.24 million. The EBIDTA Margin expanded significantly by 651 bps to 13.45% from 6.94%.
  • Finance Cost: Decreased by 6.44% YoY to ₹159.14 million.
  • Profit Before Tax (PBT): Increased dramatically by 527.91% YoY to ₹895.29 million.
  • Profit After Tax (PAT): Surged 558.85% YoY to ₹670.80 million. The PAT Margin expanded by 616 bps to 8.08% from 1.92%.

Full Year FY26 Financial Performance (Standalone)

  • Revenue from Operations: Grew 22.23% YoY to ₹32,029.53 million from ₹26,204.84 million in FY25.
  • Gross Profit: Increased 56.34% YoY to ₹5,594.59 million. The Gross Margin expanded by 381 bps to 17.47% from 13.66%.
  • EBIDTA: More than doubled, growing 103.42% YoY to ₹3,582.13 million. The EBIDTA Margin expanded by 446 bps to 11.18% from 6.72%.
  • Finance Cost: Increased 22.15% YoY to ₹685.67 million.
  • Profit Before Tax (PBT): Increased 169.23% YoY to ₹2,684.47 million.
  • Profit After Tax (PAT): Grew 177.11% YoY to ₹2,004.92 million. The PAT Margin expanded by 350 bps to 6.26% from 2.76%.

Operational and Strategic Highlights

  • Retail Expansion: The company opened three new stores in FY26 located in CG Road, Ahmedabad; Kondapur, Hyderabad; and Himayatnagar, Hyderabad.
  • Marketing & Customer Engagement: Delivered over 46,000 customer walk-ins in Q4 FY26 and approximately 3 lakh (300,000) walk-ins for the full financial year (Apr'25–Mar'26). Customer composition was reported as 40-45% new acquisitions, 45-50% active customer base, and 10-15% reactivated lapsed customers.
  • Business Model: The company utilizes a Gold Metal Loan (GML) system for efficient sourcing. Under this system, gold is taken on a 180-day lease from banks against a 110% bank guarantee, with a financing cost significantly lower than the cash credit rate. The company outsources gold jewellery manufacturing to a network of 150+ vendors but maintains an in-house diamond jewellery manufacturing facility in Kandivali, Mumbai.
  • Growth Strategy: The presentation outlined four strategic pillars for future growth: 1) Diversified Portfolio Growth across gold, diamond, and gemstone jewellery; 2) Retail Expansion Focus through new stores; 3) Leveraging 160 years of Brand Value; and 4) Strength in Financial Performance.
  • Industry Context: The Indian gems and jewellery market was cited as contributing ~7.5% to India's GDP. The market was valued at $78.50 billion in 2021 and is expected to reach $119.80 billion by 2027, growing at a CAGR of 8.34%.
  • Awards & Recognition: Mr. Shrikant Zaveri, Chairman & Managing Director, was honored with the "Visionary Leader of the Year" award at the Retail Jeweller MD & CEO Awards 2026 on 7th January 2026.
  • CSR Initiatives: The company highlighted its CSR projects, Project Pankhi (women empowerment) and Project Ek Disha (inclusive education), detailing various activities and impacts achieved in FY26.

The complete investor presentation has been uploaded on the company's website at www.tbztheoriginal.com.