India's Tribhovandas Bhimji Zaveri posts Q4 profit rise on steady demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 27 2024
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Source: reuters
- Indian Jeweller TBZL's Profit: Reported a 7.5% rise in fourth-quarter profit driven by steady demand.
- Gold Demand in India: Rose 8% year-on-year in the January-March quarter despite record high gold prices.
- Financial Performance: Total revenue from operations rose 9% to 5.07 billion rupees, with expenses increasing by 9.2%.
- Operational Improvements: TBZ adopted advanced inventory management systems and process automation to streamline operations and reduce costs.
- Future Plans: The company aims to open franchise stores in new cities by fiscal year 2025.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
