Aim to boost sales; margins will remain under pressure: TBZ

"We have seen an improvement in walk- ins and pent up demand is also helping," Prem Hinduja, MD, Tribhovandas Bhimji Zaveri said.

We will try to attract customer with better quality designs

Prem Hinduja

MD

TBZ

In an interview to CNBC-TV18 Prem Hinduja, MD,  Tribhovandas Bhimji Zaveri (TBZ) shared about the latest happenings in the company in the wake of ongoing festive season and the way ahead.

He said that consumer sentiment has improved and the company has seen double-digit sales growth on last two auspicious occasions of Dusshera and Dhanteras. "We have seen an improvement in walk- ins and pent up demand is also helping," he added.

TBZ aims to boost sales and is likely to focus on discounts and special offers going ahead, he said. However, margins are likely to remain under pressure on account of this.

Also Read: Will expand after consumer sentiment improves, says TBZ

Transcript to follow shortly

Tribhovandas stock price

On October 22, 2014, at 14:09 hrs Tribhovandas Bhimji Zaveri was quoting at Rs 161.95, up Rs 1.50, or 0.93 percent. The 52-week high of the share was Rs 222.80 and the 52-week low was Rs 122.30.

The company's trailing 12-month (TTM) EPS was at Rs 5.22 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 31.02. The latest book value of the company is Rs 67.10 per share. At current value, the price-to-book value of the company is 2.41.

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