How much did the company earn in FY26?

Tribhovandas Bhimji Zaveri reported a net profit of **₹200.5 crore**. This is a **177%** increase over the previous year.

What drove the profit growth?

Profitability grew because of wider gross margins and strict cost discipline. Annual EBITDA more than doubled to **₹358.2 crore**.

How did the Q4 performance compare to the rest of the year?

The final quarter saw a sharp exit, with EBITDA margins hitting **13.45%** against **6.94%** a year earlier. Revenue in that quarter grew by **56.74%**.

What is the dividend payout?

The board recommended a final dividend of **₹2.50** per share. This represents **25%** of the face value and awaits shareholder approval.

Earnings · Diamond & Jewellery · Micro cap

Tribhovandas Bhimji Zaveri profit jumps 177% as margins widen

The jeweller reported a net profit of ₹200.5 crore for FY26. EBITDA margins reached 13.45% in the final quarter.

— 1 earlier story on Tribhovandas Bhimji Zaveri Ltd. →

TBZ 27 May 2026 · 4:50 PM IST Verify on BSE · NSE

Mkt cap₹920 cr

P/E6.38×

ROE10.41%

Debt / eq.1.07

Div yld1.63%

₹200.5 cr Annual net profit for FY26, a 177% increase over the prior year.

What's new

Annual revenue rose 22% to ₹3,203 crore.
Q4 EBITDA margins hit 13.45% compared to 6.94% a year ago.
The board proposed a final dividend of ₹2.50 per share.

Why this matters

The jump in profitability signals a change in the company's operating profile. Double-digit margins in a competitive jewellery market show that internal cost controls are working.

What we're watching

Whether the 13.45% Q4 margin holds in the new fiscal year.
Shareholder approval for the proposed ₹2.50 dividend.
Revenue growth consistency after the 56.74% Q4 surge.

The full read

Tribhovandas Bhimji Zaveri ended FY26 with a 177% surge in net profit to ₹200.5 crore. Revenue climbed 22% to ₹3,203 crore.

Margins widened to 11.18% from 6.72% in FY25. The momentum accelerated in the final quarter, where revenue jumped 56.74% and EBITDA margins reached 13.45%. This performance marks a sharp departure from the previous year.

Profitability is up.

For a micro-cap player, this level of profit acceleration is rare, and the next test is whether these margins hold as the company scales revenue further.

Questions answered

How much did the company earn in FY26?: Tribhovandas Bhimji Zaveri reported a net profit of ₹200.5 crore. This is a 177% increase over the previous year.
What drove the profit growth?: Profitability grew because of wider gross margins and strict cost discipline. Annual EBITDA more than doubled to ₹358.2 crore.
How did the Q4 performance compare to the rest of the year?: The final quarter saw a sharp exit, with EBITDA margins hitting 13.45% against 6.94% a year earlier. Revenue in that quarter grew by 56.74%.
What is the dividend payout?: The board recommended a final dividend of ₹2.50 per share. This represents 25% of the face value and awaits shareholder approval.

Mentioned: Tribhovandas Bhimji Zaveri Ltd. · FY26

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

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27 May 2026 · 4:50 PM IST Tribhovandas Bhimji Zaveri profit jumps 177% as margins widen
today Tribhovandas Bhimji Zaveri confirms Q4 and FY26 financial results