Renaissance Global revenue rises 29% to ₹2,572 crores in FY26
Renaissance Global Limited reported a 29% increase in revenue to ₹2,572 crores for FY26, with EBITDA rising 22% to ₹204 crores. The company reduced gross debt by ₹123 crores in Q4, bringing net debt to ₹200 crores, and aims for zero net debt in two years. U.S. D2C revenues grew 44% to ₹275 crores, driven by the Jean Dousset brand, with plans to open four new stores in FY27.
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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.
| Metric | FY26 Value | Growth |
|---|---|---|
| Revenue | ₹2,572 crores | 29% |
| EBITDA | ₹204 crores | 22% |
| PAT (before exceptional items) | ₹100 crores | 36% |
| U.S. D2C Revenue | ₹275 crores | 44% |
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.
Historical Stock Returns for Renaissance Jewellery
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.30% | +1.40% | +11.93% | -4.96% | -3.07% | +1.93% |
What specific strategies will Renaissance Global employ to achieve the targeted zero net debt position within the next two years?
How will the capital requirements for the four new Jean Dousset stores impact the company's free cash flow in FY27?
What are the risks associated with relying on the U.S. D2C segment for 35-40% growth, and how does the company plan to mitigate them?
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