TBZ Q1FY14 net up 27.67% to Rs 2,077.06 lakhs Total Income up 88.81% to Rs. 53,526.63 lakhs in Q1FY14
TBZ Q1FY14 net up 27.67% to Rs 2,077.06 lakhs Total Income up 88.81% to Rs. 53,526.63 lakhs in Q1FY14 Mumbai, August 8, 2013: Tribhovandas Bhimji Zaveri Limited (“TBZ” or “TBZ – The Original”), India’s well-known and trusted jewellery retailer with a rich legacy of around 150 years, posted 27.67% percent growth in its net profit for the first quarter ended June 30, 2013, amounting to Rs. 2,077.06 lakhs compared to Rs. 1,626.86 lakhs posted in the same period of the last financial year. Despite slowing macroeconomic environment and increase in import duties for gold, TBZ’s total Income (standalone) rose by 88.81% to Rs. 53,526.63 lakhs during the challenging Q1FY14 compared to Rs. 28,349.98 lakhs posted in the first quarter ended June 30, 2012. The EBITDA for first quarter of the current fiscal stood at Rs. 4,018.11 lakhs compared to Rs. 2,868.38 lakhs for the first quarter of FY13. The EBITDA margin for Q1 FY 2014 was 7.51% of total income even though the...