Gems & Jewellery company Tribhovandas Bhimji Zaveri announced H1FY25 & Q2FY25 results Revenue from Operations: Rs 5,670.47 million in Q2FY25, a 17.99% YoY increase from Rs 4,805.86 million in Q2FY24, and Rs 11,632.90 million in H1FY25, marking a 10.64% rise, demonstrating sustained sales growth and market penetration. Gross Profit: Increased by 21.39% YoY in Q2FY25 to Rs 776.28 million, and by 14.29% in H1FY25 to Rs 1,635.12 million, with gross margin expansion of 38 bps in Q2 and 45 bps in H1FY25, reflecting the impact of optimized pricing, selective discounting and better cost control. EBITDA: Grew 22.22% YoY in Q2FY25 to Rs 362.51 million and 27.41% in H1FY25, reaching Rs 788.47 million. The EBITDA margin improved by 22 bps in Q2 and 89 bps in H1, showcasing strengthened operational efficiency. Profit Before Tax (PBT): Achieved a 50.40% YoY growth in Q2FY25 to Rs 184.57 million, and 57.59% growth in H1FY25 to Rs 432.73 mittion, underscoring disciplined expense management and revenue gains. Profit After Tax (PAT): Grew by 44.40% in Q2FY25 to Rs 132.20 million, and by 54.15% in H1FY25 to Rs 316.88 million, with PAT margin expansion of 43 bps in Q2 and 77 bps in H1, reflecting protected bottom-line performance. Earnings Per Share (EPS): Increased to Rs 1.98 in Q2FY25 from Rs 1.37 in Q2FY24, demonstrating enhanced shareholder value. Srikant Zaveri, Chairman of TBZ, said: "Our results for Q2 and H1FY25 reflect TBZ's ongoing dedication to growth and operational discipline. The solid gains in profitability through steadily expanding margins are tangible outcomes of our focus on efficiency and our more profitable product segments. With the addition of new stores in Rourkela and Bhubaneshwar, taking our total to 36, we are well-positioned to further deepen our presence in Eastern India and cater to a broader market with our legacy of craftsmanship and quality." Binaisha Zaveri, Executive Director of TBZ, said: "Opening stores in Rourkela and Bhubaneshwar marks a significant step in our expansion strategy, capturing the essence of TBZ Ltd.'s dedication to growth that preserves our standards of craftsmanship and customer service," "These new stores are more than retail outlets; they are symbols of our 160 years' heritage in cities that value fine jewellery. This expansion enables us to connect with new communities and foster long-term relationships with patrons, bringing the TBZ experience closer to our customers in Eastern India. Going forward, we hope to further add to these store expansion numbers in H2 FY25, focusing on potential markets. Meanwhile, our ongoing push for organic growth from our existing stores across India continue unabated. This is being supported by strong brand stewardship, focus on higher diamond jewellery sales and innovative design introductions across all price points." Mr. Mukesh Sharma, CFO of TBZ, said: "The financial performance KPIs in Q2 and H1FY25 is proof of our continued commitment to margin growth and cost control, while chasing quality top-line. Our steady EBITDA and PAT growth also reflect disciplined financial management and a worthwhile focus on high-margin segments. As we expand our store count and focus on continued organic growth from existing stores, we are optimistic about sustaining this momentum in the upcoming quarters." Result PDF