Renaissance Global Limited reported a 36% increase in adjusted Profit After Tax (PAT) to ₹100 crore for the financial year ended March 31, 2026, driven by robust operational performance and improved profitability. Revenue before bullion sales grew by 29.3% year-on-year to ₹2,572 crore, while EBITDA rose 22.5% to ₹204 crore. The board approved the audited standalone and consolidated financial results at a meeting held on May 28, 2026.

The company’s U.S. Direct-to-Consumer (D2C) business recorded strong growth, with revenue increasing 44% year-on-year to ₹275 crore in FY26. This segment contributed significantly to the overall revenue mix, which also saw growth in customer brands. Renaissance Global achieved cost savings of approximately ₹40 crore during the year through focused optimization initiatives and the consolidation following the closure of its Bhavnagar facility. Additionally, gross debt was reduced by approximately ₹123 crore during Q4 FY26, bringing the net debt position to approximately ₹200 crore.

Financial Performance

For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹30.2 crore. Revenue before bullion sales for the quarter stood at ₹686 crore, a 33.3% increase from the previous year. EBITDA for Q4 FY26 rose 40% to ₹57 crore. The statutory auditors issued an audit report with an unmodified opinion on the financial results.

Strategic Outlook

Renaissance Global plans to expand its retail footprint in the U.S. luxury jewellery market. Following the successful launch of the Jean Dousset flagship store in New York, the brand plans to open four additional stores across key metropolitan markets in FY27. Each existing Jean Dousset store generates approximately ₹30–35 crore in annual sales. The company expects U.S. D2C revenues to grow between 35% to 40% year-on-year to reach ₹375 crore by the end of FY27. The board decided not to recommend any dividend for the financial year 2025-26, citing strategic priorities such as retail expansion and debt reduction. Management expects to reach a zero net debt position within the next 12 to 24 months.

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Renaissance Global Limited reported a 29% year-over-year increase in revenue to ₹2,572 crores for the fiscal year ended March 31, 2026. EBITDA grew by 22% to ₹204 crores, while profit after tax before exceptional items rose 36% to ₹100 crores. The company reduced its gross debt by approximately ₹123 crores during Q4 FY26, bringing net debt to around ₹200 crores.

Financial Performance

The company achieved approximately ₹40 crores in annual cost savings through operational excellence initiatives. For the full year FY26, profit before tax before exceptional items grew 45% to reach ₹124 crores. Adjusted PAT grew by 36% to reach ₹100 crores. U.S. direct-to-consumer revenues grew by 44% to reach ₹275 crores, with EBITDA margins improving to 12.6% from 11.3% in the previous year.

Operational Highlights

Working capital metrics improved substantially, with debtor days reducing from 124 to 109 days and inventory days decreasing from 169 to 122 days. The company successfully integrated the Jean Dousset acquisition and launched an additional store in New York in November 2025. Each existing Jean Dousset store generates between ₹30 crores and ₹35 crores in annual sales.

Strategic Outlook

Renaissance Global plans to open 4 additional Jean Dousset stores across key U.S. metropolitan luxury markets in FY27. The company expects U.S. direct-to-consumer revenues to grow between 35% to 40% to reach ₹375 crores by the end of FY27. Management expects profitability growth in the range of 20% to 30% for the coming year. The company targets building a ₹1,000 crores direct-to-consumer brand by FY29 and aims to reach a zero net debt position within the next 2 years.