Renaissance Global Share Price

Gems & Jewellery company Renaissance Global announced Q3FY26 results Revenue from the core business advanced 16% YoY to Rs 824 crore, reflecting sustained demand momentum. D2C segment recorded an impressive 37.5% YoY growth to Rs 91 crore, driven by expanding consumer engagement. EBITDA strengthened 19.5% YoY to Rs 63.1 crore, supported by operating efficiencies. Profit before Tax (PBT) climbed 31.4% YoY to Rs 42 crore, demonstrating enhanced operating leverage. Profit after Tax (PAT) accelerated 36.5% YoY to Rs 33.2 crore, marking a notable expansion in bottom-line performance. Sumit Shah, Chairman & Global CEO, said: “Renaissance Global is ongoing an important transformation from becoming a low-margin B2B exporter to now a core consumer-centric, brand-led luxury platform. The bet on our owned brands and premium positioning is paying off in full. Management is aggressively executing on a roadmap that targets ROE and ROCE in the mid-20s. Our performance is evidence-driven: owned brand revenue has grown sevenfold in three years, D2C is growing at a high CAGR, margins are expanding and capital efficiency is improving. The pieces are all moving in the right direction. The company’s cost reduction program aimed at Rs 40–50 crore annualized savings is already paying off. The investment in Jean Dousset, a luxury D2C brand built around bespoke craftsmanship and lab-grown diamonds, adds a highly profitable, premium layer on top of the existing US D2C engine, and is expected to higher-teen Revenue growth over the upcoming years. We’re also executing adding 3 more Jean Dousset stores, totaling to 5 total stores by the end of 2026." Result PDF

• Trendlyne
• 3 months 1 week ago

Gems & Jewellery company Renaissance Global announced Q2FY25 results Q2FY25 Financial Highlights: Total Income from continuing operations stood at Rs 391.6 crore vs Rs 379.8 crore. Licensed Brands (B2B + D2C) Jewellery business revenues grew by 2.5% to Rs 56.7 crore. Our Brands (Direct-to-Consumer) business revenues up 7.3% to Rs 41.9 crore. Adjusted EBITDA from continuing operations stood at Rs 40.4 crore as against Rs 28.4 crore, up by 42%. Adjusted EBITDA Margins stood at 10.3% as against 7.5%, up by 284 bps. Adjusted PAT up by 50% to Rs 15.7 crore as against Rs 10.5 crore. H1FY25 Financial Highlights: Total Income from continuing operations stood at Rs 763.6 crore vs Rs.782.8 crore. Licensed Brand Jewellery business revenues up 15.4% to Rs 145 crore. Our Brands (Direct-to-Consumer) business revenues up 18.5% to Rs 91.9 crore. Adjusted EBITDA at Rs 79.4 crore as against Rs 60.3 crore, up by 31.8%. Adjusted EBITDA Margins stood at 10.4% as against 7.7%, up by 271 bps. Adjusted PAT stood at Rs 31.4 crore as against Rs 24.7 crore, up by 27.1%. Sumit Shah, Chairman and Global CEO, Renaissance Global, said: "We are pleased to report a stable performance during the quarter with revenues and adjusted EBIDTA growing over Q2FY24 by 3.1% and 42.2% respectively from continuing operations. Our efforts towards improving margins have led to our adjusted EBITDA margin reaching 10.3% in Q2FY25. This has been made possible through a combination of increased gross margins and strategically re-aligning our cost structure based on current capacity needs. In keeping with our focus on Branded jewellery, we recently tested the Enchanted Star collection with a major retail partner in the US. This collection is an extension of our largest and most successful Enchanted Disney Fine Jewelry brand into the lab grown diamond space. This collection features marquee engagement ring designs and trendy fashion jewelry pieces and I am pleased to share that initial signs of this test are very promising. We believe this collection has the potential to add meaningful revenues to the Licensed brands business in the coming quarters. Additionally, we announced the launch of Renaei, our new fashion jewellery D2C brand, set to debut on Amazon in the United States. Positioned strategically within the high-growth fashion jewelry segment, Renaei will cater to Millennial and Gen Z consumers. I am also pleased to announce that we are undertaking a fresh issue of shares on a preferential basis with a target of raising around ?168 crore, which will help strengthen the balance sheet and enable the Company to undertake strategic acquisitions and invest in modernizing our manufacturing infrastructure. We look forward to seeing the benefits of the above steps in stronger financial results in the coming quarters.” Result PDF

• Trendlyne
• 1 year 6 months ago

Conference Call with Renaissance Global Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.

• Trendlyne
• 1 year 11 months ago