Tribhovandas Bhimji Zaveri Limited · NSE:TBZ
Tribhovandas Bhimji Zaveri — Q1 FY25 Earnings Presentation
29 slides from Tribhovandas Bhimji Zaveri's earnings presentation, Aug 9, 2024
Slide 1: Revised Investor Presentation filing letter to exchanges
Date: 91h August, 2024 To, To, The Manager, The Manager, Compliance Department, Compliance Department, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1 , Corporate Service Department, G Block, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Sandra (East), Mumbai - 4
Slide 2: Investor Presentation Q1FY25 Results
w w w .t bz th eori g i na l .c o m INV ESTOR P RESE NTATION Q1FY25 Results
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Tribhovandas This presentation may not be all inclusive and may not Bhimji Zaveri Limited (“TBZ”) for informational purposes only contain all of the information that you may consider and does not constitute or form any part of any offer, material. Th
Slide 4: Discussion Summary
Q1FY25 Updates 04 Page 12 Page About Us w w w .t bz th eori g i na l .c o m 17 Page Business Model DISCUSSION 03 SUMMARY
Slide 5: Q1FY25 Results Update
04 w w w .t bz th eori g i na l .c o m Q1FY25 RESULTS UPDATE
Slide 6: Q1 FY25 Result Highlights
Q1 FY25 - Result Highlights (In ₹ Mn) Revenues & Gross Margin (%) EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 13.9% 14.4% 5.7% 7.1% 2.00% 3.10% 5,708 5,962 426 185 322 114 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Revenue Gross Margin EBITDA EBITDA Margin PAT PAT Margin w w w .t bz th eori
Slide 7: Q1FY25 Key Takeaways
Q1FY25 - Key Takeaways • The Company's Gross profit has shown 8.55% YoY growth in Q1 FY25 as result of revenue growth by 4.45% and ongoing cost optimization measures. Gross Margin as well have improved by 54 bps for Q1FY25 standing at 14.40%. • The Company experienced a 32.19% year-over-year increas
Slide 8: Q1 FY25 Standalone Profit & Loss Statement
Q1 FY25 - Standalone Profit & Loss Statement (In ₹ Mn) Particulars (In ₹ Mn) Q1FY25 Q1FY24 YoY% Revenue From Operation 5,962.43 5,708.16 4.45% COGS 5,103.59 4,916.94 3.80% Gross Profit 858.84 791.22 8.55% Gross Margin % 14.40% 13.86% 54 bps Employee Expenses 219.54 208.58 5.26% Other Expenses 213.34
Slide 9: Pink City- Jaipur New Store Opened in Q1FY25
New Store Opened in Q1FY25 w w w .t bz th eori g i na l .c o m Pink City- Jaipur 08
Slide 10: Marketing Initiatives During the Quarter
Marketing Initiatives During the Quarter • Our continued focus on loyal customers through targeted outreach programs and special incentives ensured sustained loyalty and repeat visits to our stores. • Over 1.05 lakh+ customer walk-ins in Q1 FY25. • Close to 50% growth in new customer acquisition thr
Slide 11: Our Brand Ambassador: Sara Ali Khan
Our Brand Ambassador : Sara Ali Khan • We are thrilled to announce that Sara Ali Khan has renewed her contract as the brand ambassador for TBZ Ltd. for another two years. • Her youthful charm, elegance, and vibrant personality resonate perfectly with our brand's ethos of timeless beauty and contempo
Slide 12: Marketing Initiatives During the Quarter contd.
Marketing Initiatives w w w .t bz th eori g i na l .c o m During the Quarter contd. 11
Slide 13: About Us
12 w w w .t bz th eori g i na l .c o m ABOUT US
Slide 14: Why is TBZ Different?
Why is TBZ Different? TBZ Trusted / Competitive Advantages Leader in Specialty Pedigree 160 years of Wedding & Design Scalability & Strong Occasion Exclusivity Reach w w w .t bz th eori g i na l .c o m • 160 years in jewellery Brand Value Jewellery business • 8 - 10 new jewellery • 34 stores (1,00,0
Slide 15: Distinctive Competitive Advantage: Multigenerational Clientele
Distinctive Competitive Advantage: Multigenerational Clientele Generational Clientele Enhanced Brand Deepened Customer Strength: Awareness: Relationships: TBZ's multigenerational client base is a A multigenerational client base also Lastly, a multigenerational client base significant strength, foste
Slide 16: Key Milestones
Key Milestones Strong Legacy Of More Than 160 Years Built On Trust Diamond facility expansion - ~6k to Introduced 100% ~24k sq ft Flagship store Mr. Shrikant Zaveri Turnover crossed Listed on BSE & NSE with opened in Zaveri First to offer First to launch light pre- hallmarked INR `5,000 mn in Implem
Slide 17: Retail Presence
Retail Presence Pan-India presence with 34 Stores with a Retail Space of ~100,000+ sq. Ft. Number of Stores Till Date Spread across 26 Cities in 12 States Large Format (> 2,000 sq. ft.) 30 Small Format (<= 2,000 sq. ft.) 4 Noida Total Stores 34 Jaipur Luckno w Total Area ( sq. ft) ~1,00,000+ Udaipur
Slide 18: Business Model
17 w w w .t bz th eori g i na l .c o m B USINESS MODEL
Slide 19: Business Model: Manufacturing
Business Model: Manufacturing Gold • Raw Material - Bullion Procurement Sources: • Banks – Gold on loan • Exchange & purchase of old jewellery • Bullion dealers w w w .t bz th eori g i na l .c o m Manufacturing • Gold jewellery manufacturing is outsourced. • Vast nation-wide network of 150+ vendors
Slide 20: Business Model: Manufacturing contd.
Business Model: Manufacturing contd. Diamond Procurement • Raw Material - Cut & polished diamonds Sources: • DTC site holders w w w .t bz th eori g i na l .c o m Manufacturing • In-house diamond jewellery manufacturing leading to exclusive designs, lower costs, and higher margins • Owned manufacturi
Slide 21: Gold Metal Loan: Efficient Sourcing Channel
Gold Metal Loan: Efficient Sourcing Channel Gold Metal Loan Origination Gold Metal Loan Repayment • TBZ takes 10 kg gold from a bank on lease on day 0. • TBZ repays the gold daily based on actual sales of gold jewellery. • The contract for gold lease is 180 days. • The bank converts 1 kg of gold on
Slide 22: Securing Future Growth: Our Strategic Pillars
Securing Future Growth: Our Strategic Pillars 160 years of Brand Value Leverage: TBZ Ltd boasts substantial brand value and a long-standing reputation for quality and craftsmanship. With over 160 years in business, the brand is recognized and trusted by multigenerational customers across India, prov
Slide 23: Steadfast market steeped in tradition and innovation
Steadfast market steeped in tradition and innovation GDP Contribution and Cultural Significance: The gems and jewellery market contributes approximately 7.5% to India’s GDP and 14% to total merchandise exports (IBEF Research). Gold, symbolizing wealth and prosperity, is integral to Indian culture an
Slide 24: Harnessing Our Core Strengths to Drive Success
Harnessing Our Core Strengths to Drive Success Domestic Focus: Since TBZ primarily concentrates on the domestic jewellery market, it remains protected from the impact of international economic challenges. Consumer Trust: TBZ is an age-old established brand known for its innovative designs, the quali
Slide 25: Awards & Recognition
Awards & Recognition ❖ Shri Shrikant Zaveri, has been conferred with the prestigious "Gems and Jewellery Industry Legend" Award at the illustrious IIJS Tritiya 2023 event in Mumbai. ❖ Ms. Raashi Zaveri has been awarded the GJEPC 40 under 40, recognizing her as a young industry leader. ❖ Ms. Raashi Z
Slide 26: Awards & Recognition
Awards & Recognition • BEST BRACELET DESIGN AWARD AT THE 9 TH EDITION OF JJS-IJ Jewellers Choice Design Awards – 2019 • “CONTEMPORARY DIAMOND JEWELLERY AWARD” & “TREASURE OF THE OCEAN “ • GJC’S NATIONAL JEWELLERY AWARD 2018 • “DIAMOND VIVAH JEWELLERY OF THE YEAR” Retail Jeweller India Awards – 2018
Slide 27: Project Pankhi
PROJECT PANKHI A Project initiated by TBZ to address the pervasive issue of gender-based violence faced by women in our society. •Implementing Partners: • Stree Mukti Sanghatana and Urja, Mumbai • Cultural Academy for Peace, Kochi • AWAG, Ahmedabad •Counselling Services: • Face-to-Face Counselling:
Slide 28: Partnership with The Victoria School for Blind
Partnership with The Victoria School for Blind: Empowering visually impaired children through specialized education and extracurricular activities Impact: 10 children with 100% blindness participate in regular academics and extracurricular activities • Focus on creating a nurturing environment foste
Slide 29: Thank You
w w w .t bz th eori g i na l .c o m THANK Mukesh Sharma CFO Shankhini Saha YOU Associate Director- IR mukesh.sharma@tbzoriginal.com tbz@dickensonworld.com
Tribhovandas Bhimji Zaveri — Q1 FY25 Earnings Presentation on 6ix