Tribhovandas Bhimji Zaveri Limited has scheduled its 19th Annual General Meeting (AGM) for Wednesday, September 9, 2026. The meeting will commence at 11:30 am and will be conducted through video conferencing or other audio-visual means, as permitted under regulatory guidelines.

Meeting Details

The company published newspaper advertisements on August 15, 2026, to notify shareholders of the upcoming AGM. The advertisements appeared in the following publications:

• Free Press Journal (English Edition)
• Nav Shakti (Marathi Edition)

Regulatory Compliance

The notice was issued in compliance with Section 108 of the Companies Act, 2013, and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also fixed a record date to determine eligibility for the payment of the final dividend for the financial year ended March 31, 2026, if declared at the AGM.

Arpit Maheshwari, Company Secretary of Tribhovandas Bhimji Zaveri Limited, signed the communication addressed to the National Stock Exchange of India Limited and BSE Limited.

Tribhovandas Bhimji Zaveri Limited delivered a robust financial performance for FY26, driven by strong revenue growth and significant margin expansion. The company’s profit after tax (PAT) surged 177.11% year-on-year to ₹2,004.9 crore, up from ₹723.5 crore in the previous fiscal. This bottom-line improvement was supported by a 22.23% rise in revenue from operations, which reached ₹32,029.5 crore.

The jewelry retailer also saw its earnings before interest, tax, depreciation, and amortization (EBITDA) more than double to ₹3,582.1 crore, reflecting an EBITDA margin expansion of 446 basis points to 11.18%. Gross profit increased by 56.34% to ₹5,594.6 crore, with gross margins improving by 381 basis points to 17.47%. These figures indicate that operational efficiencies and pricing power contributed significantly to the profitability surge, outpacing top-line growth.

Financial Highlights

Operational and Strategic Updates

During the fiscal year, Tribhovandas Bhimji Zaveri expanded its retail footprint by opening two new stores in Ahmedabad and Hyderabad, bringing its total store count to 37 across 28 cities in 13 states. The company emphasized a diversified product portfolio, with approximately 65% of sales derived from wedding and occasion-related purchases. Marketing initiatives focused on key festivals and weddings, alongside digital engagement strategies, helped drive customer acquisition, with roughly 40% of customers being new.

Dividend and AGM Details

The Board of Directors recommended a final dividend of ₹2.50 per equity share of face value ₹10 each for FY26. The 19th Annual General Meeting (AGM) is scheduled for September 9, 2026, to be held via Video Conferencing/Other Audio-Visual Means. Shareholders on record as of September 2, 2026, will be eligible for the dividend payment, expected after September 12, 2026.

What the Numbers Show

The divergence between revenue growth (22.23%) and PAT growth (177.11%) highlights a substantial operating leverage effect. With gross margins expanding by nearly 4 percentage points and EBITDA margins jumping by 4.46 percentage points, the company successfully passed on cost pressures or optimized its mix towards higher-margin products. This operational efficiency, combined with stable other income contributions, allowed profits to grow at nearly eight times the rate of revenue, signaling improved cost control and pricing power in the organized jewelry segment.