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TBZ Expands Retail Network in Maharashtra
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Jewelry retailer Tribhovandas Bhimji Zaveri Ltd. (TBZ) opened a showroom in Nagpur city on Tuesday, expanding its reach in India’s western state of Maharashtra. The new store will cater to the needs of local communities in the Vidarbha...
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Retail
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Jan 15, 2013
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Dilipp S Nag
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TBZ's 2Q Sales Reach $64M
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Tribhovandas Bhimji Zaveri Ltd. (TBZ) reported net sales of $64.2 million (INR 3.49 billion) during its second fiscal quarter that ended on September 30, 2012. The Mumbai-based jewelry retailer didn’t provide comparable...
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Retail
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Nov 08, 2012
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Dilipp S Nag
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TBZ Opens Showroom in Vapi
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Tribhovandas Bhimji Zaveri Ltd. (TBZ) has entered Vapi, the biggest city in the Valsad district of Gujarat, and opened its new outlet. The showroom is located at 7-11, Fortune Square Mall, Vapi Daman Road,...
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Retail
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Sep 28, 2012
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Dilipp S Nag
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TBZ Expands Into Eastern India
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Tribhovandas Bhimji Zaveri Ltd. (TBZ) expanded its operations into eastern India by opening two stores in Kolkata. TBZ is maintaining the momentum of its aggressive retail expansion across key marketplaces, according to Shrikant Zaveri, the...
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Retail
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Sep 20, 2012
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Dilipp S Nag
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TBZ Reports 1Q Sales of $51M, Profit at $3M
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Tribhovandas Bhimji Zaveri Ltd. (TBZ) reported net sales of $50.6 million (INR 2.82 billion) and net profit of $2.9 million (INR 162.7 million) during its first fiscal quarter that ended on June 30,...
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Retail
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Aug 07, 2012
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Dilipp S Nag
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Analyst Assigns a 'Buy' Rating to TBZ
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An analyst started coverage of Tribhovandas Bhimji Zaveri Ltd. (TBZ) with a 'buy' recommendation and a target price of $2.84 (INR 158) per share. “TBZ is a high-growth potential story in the organized Indian jewelry sector backed by strong...
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Retail
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Jun 15, 2012
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Dilipp S Nag
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TBZ FY Sales +16% to $249M
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Tribhovandas Bhimji Zaveri Ltd. (TBZ) reported that group net sales rose 16 percent year on year to $249.1 million (INR 13.85 billion) for the fiscal year that ended on March 31, 2012. The jewelry...
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Retail
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May 31, 2012
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Dilipp S Nag
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TBZ Shares Decline on First Day of Trading
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Equity shares of Tribhovandas Bhimji Zaveri Ltd. (TBZ) opened for their first day of trading on the Bombay Stock Exchange (BSE) and fell 4 percent from their issue price. The jewelry retailer’s shares opened...
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Retail
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May 09, 2012
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Dilipp S Nag
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TBZ's IPO Subscribed to 1.15 Times
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The initial public offering (IPO) of jewelry retailer Tribhovandas Bhimji Zaveri Ltd. (TBZ) was subscribed to 1.15 times, excluding the anchor investors portion, according to data from the stock exchanges.TBZ aims to raise around...
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Retail
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Apr 27, 2012
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Dilipp S Nag
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Analysts Review TBZ's IPO
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The initial public offering (IPO) of jewelry retailer Tribhovandas Bhimji Zaveri Ltd. (TBZ) opened for subscription on Tuesday. TBZ aims to raise around $39 million (INR 2 billion) through its IPO of 16.7 million equity...
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Retail
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Apr 25, 2012
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Dilipp S Nag
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Jewelers Eye Akshaya Tritiya to Boost Sales
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Indian jewelry retailers are offering various schemes and discounts to consumers in order to boost their sales thanks to the upcoming festival of Akshaya Tritiya, one of the most auspicious days in the Hindu calendar to buy gold,...
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Marketing
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Apr 20, 2012
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Dilipp S Nag
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TBZ's Initial Public Offer Opens on April 24
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Tribhovandas Bhimji Zaveri Ltd. (TBZ) aims to raise around $39 million (INR 2 billion) through its initial public offering (IPO) of 16.7 million equity shares that will hit the capital market on April 24.TBZ,...
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Retail
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Apr 18, 2012
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Dilipp S Nag
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CRISIL Assigns ‘Average’ Grade to TBZ's IPO
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CRISIL has assigned an ''average'' grade to the proposed initial public offering (IPO) of Tribhovandas Bhimji Zaveri Ltd. (TBZ). CRISIL stated that the grade reflects TBZ’s century-old presence in jewelry retail and the company’s...
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Financial-Legal
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Feb 27, 2012
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Dilipp S Nag
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Industry Mourns Passing of Kishorebhai Zaveri
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Kishorebhai Zaveri, a senior member of the Indian gems and jewelry industry and a philanthropist passed away on October 24, 2011 at the age of 76 following a short illness.Zaveri, patriarch of the Tribhovandas Bhimji Zaveri (TBZ) family, ran...
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Retail
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Oct 31, 2011
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Rapaport News
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Tribhovandas Bhimji Zaveri Opens New Showroom in Rajkot
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Tribhovandas Bhimji Zaveri Ltd. (TBZ-The Original) expanded its presence in Gujarat by launching its first showroom at Rajkot. The jewelry retailer stated that Rajkot showroom, located at Dr. Yagnik Road, offers a new range of women’s...
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Retail
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Jul 29, 2011
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Dilipp S Nag
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