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TBZ reports a net profit of Rs. 32 crores in Q2 FY26, around 167 per cent up from Q2 FY25

With a market cap of Rs. 1,099 crores, the stock closed in the red at Rs. 164.7 on Friday. The stock has delivered negative returns of around 20 per cent in the last year, but has gained by over 1 per cent in the last month.

On the financial front, the company reported a net profit of Rs. 32 crores in Q2 FY26, an impressive rise of around 167 percent YoY from a profit of Rs. 12 crores in Q2 FY25, while the revenue from operations also surged by over 21 percent YoY from Rs. 567 crores to Rs. 688 crores, over the same period.

TBZ stands out for offering growth without demanding a premium valuation. Its long operating track record, gradually improving margins, and a conservative balance-sheet strategy provide downside protection that many fast-expanding jewellery players lack. Unlike newer chains, TBZ does not rely on aggressive store additions to drive profits – incremental efficiency gains do much of the heavy lifting.

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