Renaissance Jewellery , a leading player in the global jewelry industry, has reported a robust performance for the second quarter of fiscal year 2026, showcasing significant growth across key financial metrics.

Revenue Growth and Business Segments

The company delivered an impressive 40% year-over-year revenue growth in Q2 FY26. However, it's important to note that this figure includes approximately 75 crores of bullion sales to third-party factories in UAE for country of origin manufacturing, which is expected to normalize by Q4 FY26.

Renaissance Global's direct-to-consumer (D2C) business continued its strong growth trajectory, expanding by 43% year-over-year. The performance was particularly robust in the US D2C brands, which grew by 60% compared to the same period last year.

Profitability Improvements

Profitability saw significant improvements during the quarter:

• Profit before tax (PBT) increased by 69% year-over-year to 23.70 crores
• Profit after tax (PAT) rose by more than 80% year-over-year

These improvements reflect a better product mix, operating leverage, and disciplined execution.

Cost Optimization and Efficiency

Renaissance Global's cost optimization initiatives have yielded substantial benefits:

• Total expenses (excluding sales and promotion) declined by 11.30 crores for the quarter compared to the same period last year
• The company is on track to deliver annualized cost savings of over 40 crores

Expansion and Strategic Moves

A major milestone in the company's premium lab-grown diamond jewelry strategy is the planned opening of its second Jean Dousset Boutique in New York City, set for mid-November 2025. This marks the entry into one of the world's most influential luxury markets. The company plans to open an additional two or three Jean Dousset stores in calendar year 2026, aiming to bring the total footprint to five locations.

Financial Position

The company's balance sheet continues to strengthen:

• Net debt improved to 0.24 compared to 0.27 last year
• This improvement reflects better working capital management and improved cash generation

Business Mix and Future Outlook

Renaissance Global is focusing on scaling its owned brands, enhancing efficiencies, and strengthening its portfolio mix:

• The company aims to achieve its FY26 direct-to-consumer revenue target of 305 crores
• D2C profitability strengthened significantly, with EBITDA for Q2 FY26 growing 96% to 7.20 crores
• EBITDA margins in the D2C segment expanded from 8.8% in Q2 FY25 to 12.1% in Q2 FY26

The company expects to continue seeing 40% to 60% growth in its direct-to-consumer business, while the licensed brands and customer business are projected to see low double-digit growth.

Market Position and Strategy

Renaissance Global is well-positioned in both the lab-grown and natural diamond jewelry segments. The company's strategy involves:

• Focusing on high-margin, high-growth D2C segment
• Maintaining disciplined cost management
• Balancing growth with prudent debt management

With these strategic priorities and a balanced business mix, Renaissance Global aims to sustain its growth trajectory and create long-term value for stakeholders.

Renaissance Jewellery , a leading global branded jewellery player, has reported robust financial results for the second quarter, demonstrating strong growth across key metrics.

Financial Highlights

Renaissance Global delivered an impressive performance in Q2, with significant year-over-year improvements:

Revenue Growth and Segment Performance

The company's total income for Q2 stood at ₹5,418.60 crore, up from ₹4,127.70 crore in the same quarter last year, marking a 31.30% increase. This growth was primarily driven by:

1. Direct-to-Consumer (D2C) Segment: Grew by 43.10% year-over-year, with U.S. D2C brands showing a remarkable 60.10% increase.
2. Customer Brands: Witnessed a substantial 47.20% growth, contributing significantly to overall revenue.

Profitability and Operational Efficiency

Renaissance Global's focus on operational efficiency and cost management has yielded positive results:

• EBITDA margin stood at 7.90%, compared to 8.50% in the same quarter of the previous year.
• Profit Before Tax (PBT) surged by 68.70% to ₹237.00 crore.
• The company achieved cost savings of ₹11.30 crore in Q2, continuing the trend from Q1 and keeping them on track to realize annual cost savings of over ₹40.00 crore.

Strategic Developments

Renaissance Global announced the opening of a Jean Dousset boutique in New York City, scheduled for mid-November. This expansion marks a significant milestone in the company's premium lab-grown diamond jewellery strategy.

Management Commentary

Sumit Shah, Chairman and Global CEO of Renaissance Global Limited, commented on the results: "Renaissance Global delivered a resilient performance in Q2, sustaining its strong growth momentum. Our D2C segment grew 43.10% YoY, led by a 60.10% increase in U.S. D2C brands, reflecting robust consumer engagement and brand strength. This reaffirms our focus on profitable growth and the long-term potential of our D2C model."

Shah added, "The first half demonstrates our ability to balance growth and profitability, and with a diversified business mix, we remain well positioned to drive sustainable value for our stakeholders."

Outlook

With its strong performance in the first half, Renaissance Global appears well-positioned for continued growth. The company's focus on expanding its D2C segment, coupled with strategic initiatives like the new Jean Dousset boutique, suggests a positive outlook for the remainder of the period.

Investors and industry observers will be watching closely to see if Renaissance Global can maintain this momentum in the coming quarters, particularly in light of global economic conditions and evolving consumer preferences in the luxury jewellery market.