Popley Group launches an exquisite range of Rajkumari Collection

The collection is uniquely made with sheer elegance and matchless beauty, making it a delightful affair, to not only see and wear but to carry it as an heirloom through the different phases of women's life.

Post By : IJ News Service On 27 October 2015 11:49 AM
Tribhovandas Bhimji Zaveri (TBZ) Limited, A trusted jewellery retailer in India, has reported a total income (standalone) of Rs. 350.44 crore, for the quarter ended September 30, 2012. It also reported a Net Profit of Rs. 19.01 crore for Q2 FY 2013. The company clocked a notable top line growth of 24 per cent and 17 per cent bottom line growth on Quarter over Quarter while looking the grim economic environment and higher gold prices right in the eye. %% The EBITDA for quarter stood at Rs. 28.39 crore and the EBITDA margin for Q2 FY 2013 is 8.62 per cent of total income in spite of the numerous challenges faced by the industry in the second quarter. TBZ maintained Net Profit margin at 5.45 per cent for the quarter on account of an optimal sales mix of gold and diamond wherein diamond jewellery sales augmented the margins. %% Shrikant Zaveri, Chairman and Managing Director, Tribhovandas Bhimji Zaveri said, “In the second quarter, our focus was on enhancing our brand positioning in the wedding segment and enhancing our retail presence. In this quarter, TBZ successfully opened five new stores adding up to retail carpet area of 15,338 sq. ft. With this we now have19 showrooms in 13 cities across six states including Maharashtra, Gujarat, Madhya Pradesh, Kerala, Andhra Pradesh and West Bengal. Overall volumes are expected to recover during the 2nd half of FY2013. TBZ is maintaining the momentum of its retail expansion across key markets.” %%

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