TBZ sees strong Q2 and H1 FY26 growth, profit surges

Tribhovandas Bhimji Zaveri (TBZ) reported a 21.30% year-on-year increase in revenue from operations for Q2 FY26, reaching ₹6,878.28 million. For H1 FY26, revenue grew by 12.77% to ₹13,118.35 million. Gross profit significantly improved by 49.50% in Q2 FY26, with the gross margin expanding by 318 basis points to 16.87%. H1 FY26 saw gross profit growth of 32.65% and a gross margin improvement of 247 basis points to 16.53%.

The company's EBITDA surged by 74.15% year-on-year in Q2 FY26 to ₹631.31 million, with the EBITDA margin improving by 279 basis points to 9.18%. For H1 FY26, EBITDA grew by 45.27% to ₹1,145.39 million, and the margin increased by 195 basis points to 8.73%. Profit after Tax (PAT) witnessed a substantial 132.23% increase in Q2 FY26, rising to ₹307.00 million. H1 FY26 PAT stood at ₹516.44 million, up 62.98% year-on-year, with the PAT margin improving by 213 basis points in Q2 FY26 to 4.46%, and by 122 basis points in H1 FY26 to 3.94%. During H1 FY26, TBZ expanded its national footprint to 37 showrooms across 27 cities with the launch of two new flagship high-street showrooms in Ahmedabad and Hyderabad in April 2025.