TBZ Jewellers opens its first store in Lucknow
today Mar 28, 2019
Tribhovandas Bhimji Zaveri Jewellers has expanded its retail footprint and entered a new city in North India with the opening of its first store in the city of Lucknow.
The new store is located on M G road, Hazratganj in the state of Uttar Pradesh and is the company’s 42nd store in the country. The store will showcase a vast range of contemporary and modern jewellery collections and a mix of gold, diamond and precious stone-studded jewellery.
TBZ has been rapidly expanding its retail footprint across the country and expected to add some more stores in tier 2, 3 cities in the coming months. The stores will be a mix of company-owned and franchise stores.
“TBZ’s core values of trust, purity, shine, unmatched quality and ethicality are the very ethos of the brand that resonates in the products and the service that is delivered to every customer. The same values can be experienced at our Lucknow store which is a perfect fit for TBZ,” the company said in a statement.
TBZ is expecting healthy revenue growth this fiscal which ends on March 31 on the back of its pan India expansion. The company had posted a net profit of Rs 21 crore ($3 million) with a revenue of Rs 1763 crore during the last fiscal.
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