Tribhovandas Bhimji Zaveri Limited
4,369words
30turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
10.9%
13.3%
4.2%
6.2%
1.9%
1.2%
4.0%
1.6%
1.5%
3.0%
2.2%
Guidance — 3 items
Steadfast Market Growth
opening
“The market was valued at $78.50 billion in 2021 and is expected to reach $119.80 billion by 2027, with a CAGR of 8.34%.”
E-commerce and Digital Platform Growth
opening
“w w w 24 >60% by 2047 $119.80 billion by 2027 8.34% Middle Class share of Population Indian Market for Jewellery Market Size CAGR (2021-27) Source: PRICE Harnessing Our Core Strengths to Drive Success”
Middle-Class Growth
opening
“w w w 27 CSR Initiatives – Project Pankhi A Project initiated by TBZ to address the pervasive issue of gender-based violence faced by women in our society.”
Risks & concerns — 2 flagged
• No Commodity Risk: Since gold is taken on lease, there is loss if gold prices no gain if gold prices increase or decrease.
— Gold Metal Loan
Since TBZ primarily concentrates on the domestic jewellery market, it remains protected from the impact of international economic challenges.
— Domestic Focus
Speaking time
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Opening remarks
Sub
Investors I Analysts' Presentation {Disclosure of Material Event/ Information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015} Further to our letter dated 261h October, 2023 on the Conference Call, and pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, a copy of the Earnings Presentation that we propose to make during the Conference Call for analyst and investors scheduled to be held on Wednesday, ath November, 2023 at 3.00 p.m. (1ST) is enclosed and the said Earnings Presentation has also been uploaded on the Company's Website at www. tbztheoriginal.com. We request you to kindly take the same on record . Thanking You . Yours faithfully For Tribhovandas Bhimji Zaveri Limited ~=~ Niraj Oza Head - Legal & Company Secretary Encl: as above TtlBHOVANDAS BH IMJI lAVlRI liMIT!D CIN No L27205MH2007PLC172598 Regd Off1ce 241/243. Zaveri Bazar Mumbai -400 00
Key Margin Highlights
• The Company's Gross profit has shown 8.74% YoY and 19.88% YoY growth in Q2FY24 and H1 FY24 respectively, aided by strategic initiatives and cost optimization measures during the year. Gross Margin improved by 235 bps and 292 bps respectively. • The Company witnessed a strengthening of its EBITDA by 30.43% YoY to Rs. 296.60 million in Q2FY24, reflecting a healthier balance between revenue generation and cost management. This is accompanied by a 49.40% YoY reaching 618.85 million during the 1H FY24 . • EBITDA Margin improved by 193 bps and 218 bps during Q2FY24 and H1 FY24 respectively. • Recorded impressive growth in Profit After Tax (PAT) by 63.57% YoY to reach Rs. 91.55 million during Q2FY24, underscoring improving profitability and returns. H1 FY24 has also shown a growth of 142.17% YoY to reach 205.57 million. • We hosted a grand relaunch for our Punjagatta store with celebrity, Ms. Rakul Preet Singh, who also unveiled our ‘Mangala Collection.’ • Aggressive advertising and marketi
Strength
TBZ's multigenerational client base is a long-term significant fostering relationships. Families purchasing customer jewellery from TBZ Ltd. for generations are more likely to continue doing so, resulting in a for steady the Company. repeat business stream of strength, Enhanced Brand
Awareness
A multigenerational client base also Older bolsters positive generations their experiences family younger members, leading to word-of-mouth referrals and increased market visibility for the Company. share with awareness. brand Deepened Customer
Relationships
Lastly, a multigenerational client base enables TBZ Ltd to strengthen customer families' relationships. emotional their connections jewellery, the Company can establish a deeper bond with customers, increasing satisfaction and loyalty. Leveraging with m o c . l a n i g i r o e h t z b t . w w w 15 z z z z z z z z z z z Diversified Revenue Streams: A multigenerational client base allows TBZ Ltd to diversify its revenue streams. By catering to diverse customers with varying preferences and budgets, the Company can mitigate market fluctuations and maintain a stable revenue stream. Informed Product
Development
TBZ Ltd.’s multigenerational client base provides valuable feedback, offering insights into changing preferences and trends among different age groups. This information enables the Company to refine its product development and marketing strategies. Key Milestones Strong Legacy Of More Than 158 Years Built On Trust Flagship store opened in Zaveri Bazaar, Mumbai First to offer buyback guarantee First to launch light weight jewellery Mr. Shrikant Zaveri took over the business Introduced 100% pre- hallmarked jewellery Turnover crossed INR `5,000 mn in FY09 Diamond facility expansion - ~6k to ~24k sq ft Implementation of Oracle ERP Suite 1864 1938 1995 2001 2004 2009 2011 2019 2017 2016 2015 2014 2013 2012 2nd Franchise store opened at Patna, Bihar in Aug-16 1st Franchise store opened at Dhanbad, Jharkhand in Nov-15 Recommended special dividend of 7.5% on the special occasion of 150th year of the company Retail footprint crosses 84k sq ft across 20 cities Listed on BSE & NSE with IPO of INR