Renaissance Global Reports 43% Revenue Surge Amid Supply Chain Adjustments
Renaissance Jewellery announced strong Q1 results with total revenue up 43% YoY to Rs. 550.00 crores. D2C segment revenue increased 37% to Rs. 69.00 crores, while B2B segment grew 67% to Rs. 394.00 crores. EBITDA rose 13% to Rs. 41.00 crores, and PAT grew 20% to Rs. 19.00 crores, despite U.S. import tariff headwinds. Cost optimization efforts led to Rs. 12.00 crores in savings. The company's net debt-to-equity ratio improved from 0.31 to 0.19 YoY. Renaissance Global is focusing on D2C growth and B2B diversification in international markets, while transitioning to lab-grown diamonds to drive growth.
Renaissance Jewellery's Q1 revenue surged 43% to Rs. 530.00 crore. D2C business grew 37% to Rs. 69.00 crore. PBT increased 11% to Rs. 21.00 crore, impacted by Rs. 11.00 crore tariff costs. Adjusted Operational PBT grew 68% to Rs. 32.00 crore. Cost optimization saved Rs. 12.00 crore. Restructuring costs of Rs. 11.97 crore incurred due to Bhavnagar facility closure. Net Debt to Equity ratio at 0.19 with Rs. 219.00 crore cash equivalents. Company remains confident despite tariff challenges.
08Aug 25
Renaissance Global Fully Deploys Rs 163.49 Crore Preferential Issue Proceeds
Renaissance Jewellery has announced the complete utilization of its Rs 163.49 crore preferential issue proceeds. CRISIL Ratings Limited confirmed the full deployment of funds. The capital was allocated across four objectives: Rs 26.63 crore for business growth and acquisition, Rs 88.37 crore for subsidiary investments, Rs 15.00 crore for fund-raising expenses, and Rs 33.49 crore for general corporate purposes. The original issue size was reduced from Rs 168.74 crore due to undersubscription. The company views this as a crucial step in executing its growth strategy, particularly strengthening its international presence through investments in Verigold Jewellery FZCO in Dubai.
30May 25
Renaissance Global's Q4 Results: EBITDA Dips, Net Profit Rises
Renaissance Global, a jewelry industry player, reported mixed Q4 results. Net profit increased 27.41% to ₹251.00 crore, despite a 5.03% revenue decline to ₹5,100.00 crore. EBITDA decreased 9.05% to ₹382.00 crore, with EBITDA margin contracting to 7.42% from 7.84%. The company demonstrated profitability resilience amid revenue challenges.
07May 25
Renaissance Global Slashes Debt by Rs 93 Crore in Q4 FY25, Bolstering Financial Position
Renaissance Global, a leading jewelry company, has reduced its debt by Rs 93.00 crore in Q4 FY2025. This move is expected to enhance financial flexibility and improve the balance sheet. The company's total assets grew by 5.48% YoY to Rs 2,023.60 crore, while total equity increased by 11.89% to Rs 1,148.50 crore as of March 2024. Despite a negative operating cash flow of Rs 40.90 crore, the company's overall financial position appears to be strengthening, potentially positioning it for future growth initiatives.
14Apr 25
Renaissance Global to Shutter Bhavnagar Unit in Strategic Operational Shift
Renaissance Global Limited (RGL) will close its Bhavnagar, Gujarat unit on April 15, 2025. The unit contributed 9.94% to revenue and 24.14% to net worth in FY 2023-24. The closure aims to rebalance manufacturing capacities. Additionally, Mr. Darshil Shah and family will be classified as Promoters of the Company from April 14, 2025.
18Mar 25
Renaissance Global Slashes Debt by ₹53 Crore in Q4 FY2025, Strengthening Financial Position
Renaissance Global Limited, a global branded fine jewelry manufacturer, has reduced its gross debt by approximately ₹53.00 crore in Q4 FY25. This debt reduction is part of the company's strategy to lower interest expenses and optimize capital structure. As of December 31, 2024, the company's net debt stood at ₹188.00 crore, down from ₹311.00 crore in the previous year. The company aims to continue reducing debt to lower borrowing costs and eventually become a zero net debt company.