TBZ FY26 annual report: PAT up 177%, ₹2.5 dividend

Annual report and 19th AGM notice: what was filed

Tribhovandas Bhimji Zaveri Ltd (TBZ) has released its annual report for FY 2025-26 along with the notice of its 19th Annual General Meeting (AGM). The disclosure comes at a time when investors are tracking both the company’s year-end numbers and the Board’s recommendations on dividends and governance matters. TBZ is a listed, public limited company, incorporated on July 24, 2007, and its shares trade on the NSE under the symbol TBZ. The company operates in the Diamond and Jewellery sector, with its business focused on retail sale of jewellery and imitation jewellery. TBZ’s registered office is at 241/43, Zaveri Bazar, Mumbai, Maharashtra 400002. Its corporate office is at 11th Floor, West Wing, Tulsiani Chambers, Nariman Point, Mumbai 400021.

Business snapshot and legacy positioning

TBZ traces its brand legacy to 1864 and is described as a 160-year-old, family-run jewellery business currently managed by the fifth generation. The company’s product mix includes ornaments made of gold, diamond, silver, platinum and precious stones. The disclosure also notes that the business offers handcrafted collections across occasions and daily wear, and introduces 8-10 new jewellery lines each year. One of the highlighted product innovations is “Dohra” detachable jewellery. These operational details matter in a retail jewellery business where inventory cycles, design refresh rates, and assortment planning influence store-level conversions and margins.

FY26 financial performance: the headline numbers

For the year ended March 31, 2026, TBZ reported a sharp year-on-year jump in profitability alongside revenue growth. Profit after tax (PAT) rose 177.11% year-on-year to ₹2,004.92 crore for FY26. Revenue from operations increased 22.23% to ₹32,029.53 crore, and EBITDA grew 103.42% to ₹3,582.13 crore. The annual report disclosure also includes Q4 figures: Q4 revenue stood at ₹8,296.95 crore, up 56.74% year-on-year, while Q4 net profit surged to ₹670.80 crore.

Dividend recommendation and recent dividend history

The Board of Directors has recommended a final dividend of ₹2.5 per equity share, subject to shareholder approval. Separately, the company is also noted as having declared a dividend of ₹2.50 on September 2, 2026. For context from earlier corporate action data, TBZ had a dividend of ₹2.25 per share with an ex-date of September 2, 2025, and an AGM or dividend entry of ₹1.75 per share with an ex-date of September 3, 2024. For shareholders, the AGM notice is relevant because final dividends typically require shareholder approval and are routed through the annual general meeting process.

Audit, governance review, and Board approval timeline

The statutory auditors, M/s. Chaturvedi & Shah LLP, issued an audit report with an unmodified opinion on the standalone and consolidated financial results. The Audit Committee reviewed the results, and the Board approved them at its meeting held on May 27, 2026. These steps are standard for annual results but remain important checkpoints for investors, particularly when profit growth is sharp, because they signal completion of internal review and statutory audit processes as part of the annual reporting cycle.

Stock snapshot and trading data around the disclosure

Market data provided alongside the disclosure shows TBZ’s share price movement and liquidity metrics at a specific timestamp. TBZ was reported up 4.52% versus the previous close of ₹418.25, with a last updated share price of ₹437.15 as of 2026-09-03 15:59:00. The current traded volume was reported at 69,49,776 shares. Separately, a company snapshot lists the current price as ₹481, with a 52-week high/low of ₹481/₹110, and market cap of ₹3,209 crore. The same snapshot lists Stock P/E at 15.0, book value at ₹126, dividend yield at 0.52%, ROCE at 21.9%, ROE at 27.1%, and face value at ₹10.

Operating revenue disclosures: a note on reported figures

In addition to the FY26 revenue from operations figure, another company profile line item states the company’s total operating revenue as ₹3,202.95 crore for the year ended 31/03/2026, with equity capital at ₹66.73 crore. Since both figures are presented in the provided disclosure set, readers should treat them as separate reported data points as published in those sections. The annual report package and AGM notice context is still anchored to the audited results approved by the Board on May 27, 2026.

Quarterly results history (FY25 quarters) in normalized units

The disclosure also includes a table of “Financial Results (Amount in Lakhs.)” for select quarters. Converted into ₹ crore (1 lakh = 0.01 crore), the figures are as follows. These quarterly numbers help investors compare scale and profitability across periods, especially in a sector sensitive to gold price moves and seasonal demand.

Key facts table: company, governance, and market metrics

The following table summarises key factual details reported in the disclosure set.

Market impact and why the AGM notice matters

The combination of the annual report and AGM notice typically concentrates shareholder attention on two things: audited financial performance and decisions requiring shareholder consent, including dividends. In TBZ’s case, the FY26 figures highlight a steep rise in profit and a meaningful increase in EBITDA, with the audit completed and the Board’s approval documented. The stock price snapshot shows the share was higher on the cited date and time, with a reported jump of 4.52% over the previous close and a high traded volume for the session. For income-focused investors, the Board’s recommended ₹2.5 final dividend and the separate dividend declaration date noted in the disclosure are key calendar points to track.

Conclusion

TBZ’s FY26 annual report and 19th AGM notice bring together audited results, the auditor’s unmodified opinion, and the Board’s dividend recommendation of ₹2.5 per share. With the results approved on May 27, 2026 and dividend-related timelines referenced in early September disclosures, investors will watch for shareholder action through the AGM process and subsequent corporate announcements.