Tribhovandas Bhimji Zaveri Limited has informed the Exchange regarding Board meeting held on August 06, 2025.
TBZ · price
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Awaiting price reaction for this filing.
TBZ reported Q1 FY26 standalone revenue of Rs 6,240 million, up 4.7% year-on-year, with strong margin expansion. Gross margin grew 176 bps to 16.2%, EBITDA rose 20.7% to Rs 514 million, and PAT increased 13.4% to Rs 209 million. The company opened two flagship stores in Ahmedabad and Hyderabad, taking its network to 37 stores across 27 cities. The Board declared a final dividend and set the record date as September 2, 2025, with the 18th AGM scheduled for September 9, 2025. It also approved MOA amendments to enable accepting deposits from members/public and re-appointed key directors and statutory auditors for fresh 5-year terms.
Margin-led earnings growth, store expansion into premium urban markets, and a clean auditor's review are positive signals for shareholders. The deposit-acceptance amendment could open a new low-cost funding avenue, while continuity in promoter leadership provides governance stability. The stock may see a positive reaction given the double-digit EBITDA and PAT growth despite a modest top-line.