TBZ ends FY26 with sharp margin expansion and profit growth

Standalone revenue from operations was ₹8,296.95 million, EBITDA was ₹1,116.24 million and profit after tax was ₹670.80 million.

Standalone revenue from operations was ₹32,029.53 million in FY26 versus ₹26,204.84 million in FY25. EBITDA rose to ₹3,582.13 million from ₹1,760.95 million and PAT increased to ₹2,004.92 million from ₹723.50 million.

TBZ reports 37 stores with about 100,000+ sq ft retail space across 28 cities in 13 states in India.

The presentation mentions new stores in Ahmedabad (C.G. Road) and Hyderabad (Kondapur and Himayatnagar, with Himayatnagar opened in January 2026).

TBZ takes gold on lease from banks for 180 days against a bank guarantee (110% of leased gold), repays daily based on sales, and replenishes inventory. The presentation states this can lower financing cost versus cash credit and reduces commodity risk on leased gold, with mark-to-market top-up requirements during sharp price rises.

The presentation reports 46K+ walk-ins in Q4 FY26 and about 2.98 lakh+ walk-ins for FY26, along with a customer mix including around 40% new customers, 48% active base and 12% lapsed reactivation.