Tribhovandas Bhimji Zaveri Limited
5,893words
26turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
14.85%
18.93%
6.94%
13.45%
8.08%
1.92%
2.97%
1.41%
1.10%
4.09%
1.86%
Guidance — 11 items
Retail Expansion Focus
opening
“!ii \ • I d Ltd is on track to deliver Financial Performance”
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
“>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 & Economic Times m o c .”
Middle-Class Growth
opening
“Key Impact Highlights for FY26 (Apr 2025–Mar 2026): • 1,087 cases registered and supported through structured interventions.”
Middle-Class Growth
opening
“As a long-term, community-led programme integrating legal, emotional, shelter and educational support systems, Project Pankhi continues to scale through trusted grassroots partners including Stree Mukti Sanghatana, URJA Trust, Cultural Academy for Peace, and Ahmedabad Women's Action Group.”
Middle-Class Growth
opening
“CSR Investment: Approx ₹25-26 lac disbursed towards Project Pankhi during FY26 — covering counselling, shelter and gender awareness activities.”
Aligned with UN SDGs
opening
“w w w 28 • PROJECT EK DISHA Project Ek Disha is TBZ's inclusive education initiative, supporting children with disabilities and underserved students through specialised learning interventions, teacher training, parent capacity- building and community enablement.”
Aligned with UN SDGs
opening
“P \ 1 Kl I I tbz· "he O>'li f'OI nee 186,11 ThIBHOVANDAS BHIMJI ZAVERi ,Hlllt..;\.VI l.\\ l,JU(;KOI I' Key Impact Highlights for FY26 (Apr 2025–Mar 2026): Muskan Foundation – Support for Children with Multiple Disabilities • 3,963 topic-based learning sessions conducted with students across multiple learning and therapy topics.”
Aligned with UN SDGs
opening
“CSR Investment: Approx ₹86-87 Lac disbursed towards Project Ek Disha during FY26 — the largest allocation across all CSR initiatives, reflecting TBZ's deep commitment to inclusive education.”
Aligned with UN SDGs
opening
“w w w 27 • OTHER CSR INITIATIVES P\ 1 Kl1I tbz· "he O>'li f'OI nee 186,11 ThIBHOVANDAS BHIMJI ZAVERi ,Hlllt..;\.VI l.\\ l,JU(;KOI I' Project Ek Disha is TBZ's inclusive education initiative, supporting children with disabilities and underserved students through specialized learning interventions, teacher training, parent capacity-building and community enablement.”
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
Strength
TBZ's multigenerational client base is a significant strength, fostering long-term customer relationships. Families purchasing jewellery from TBZ Ltd. for generations are more likely to continue doing so, resulting in a steady stream of repeat business for the Company. 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 tbz· IQral inc 1 '-"1 r Th rnHOVAN DAS BHI MJ I ZAVERi \IUU1..\.' I L\\UU(;JtOI I' 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 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. m o c . l a n i g i r o e h t z b t . w w w 16 • Key Milestones tbz· IQral inc 1 '-"1 r Th rnHOVAN DAS BHI MJ I ZAVERi \IUU1..\.' I L\\UU(;JtOI I' Strong Legacy Of More Than 160 Years Built On Trust (Calendar Years) 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 Listed on BSE & NSE with IPO of INR 2,000 mn 1864 1938 1995 2001 2004 0 2009 2011 2012 1 2026 2017 c====r==== ======I============= ======:====-==========- 2019-2022 2015 2013 2014 2024 2025 2016 o o o o o ° 2nd
Sources
• Banks – Gold on loan • Exchange & purchase of old jewellery • Bullion dealers • Gold jewellery manufacturing is outsourced. • Vast nation-wide network of 150+ vendors • Each vendor has an annual gold processing capacity of more than 100 kg. • These vendors are associated with TBZ since generations and are experts in handmade regional jewellery designs. t n e m e u c o r P r g n i r u t c a f u n a M m o c . l a n i g i r o e h t z b t . w w w 20• tbz· IQral inc 1 '-"1 Th rnHOVAN DAS BHI MJ I ZAVERi \IUU1..\.' I L\\UU(;JtOI I' TRIBHOVANDAS BHIMJI ZAVERI Presenting Do'nra - -g . , - DETACHABLE JEWELLERY RICJHWN"' I GET 100% I@· · 1, ...... _,._...., • UIMlfflit lUyt)«, OUOIOntN Is.~ Trutt~ Slnc• 1884 Vl~on •JCC.l",.ange of any old gold" BORIVALI I CHATKOPAR I KALYAN (W) I MARINE DRIVE SANTACRUZ I THANE I VASAI I VASHI I ZAVERi BAZAR
Business Model
Manufacturing contd. Diamond t n e m e u c o r P r g n i r u t c a f u n a M • Raw Material - Cut & polished diamonds