Renaissance Global Ltd
NSE:RGL
Renaissance Global Ltd
Renaissance Global Ltd is a IN-based company operating in Textiles, Apparel & Luxury Goods industry. The company is headquartered in Mumbai, Maharashtra and currently employs 670 full-time employees. The company went IPO on 2007-12-06. Renaissance Global Limited is an India-based integrated jewelry company. The firm is focused on designing, manufacturing, and distribution of customer and licensed branded jewelry. The company is engaged in manufacturing / trading and retail of jewelry, gems, diamond and furniture and accessories. The Company’s geographical segments include India and Outside India. The company distributes its jewelry through a mix of business-to-business (B2B), and direct-to-consumer (D2C) channels. Its B2B division supplies jewelry to retailers and its D2C business consists of six D2C Websites selling licensed and own brands directly to the retail consumer . Its subsidiaries include Renaissance Jewelry New York Inc., USA; Verigold Jewellery (UK) Ltd., London; Renaissance Jewellery Bangladesh Pvt. Ltd., Bangladesh and Verigold Jewellery DMCC, Dubai.
Renaissance Global Ltd is a IN-based company operating in Textiles, Apparel & Luxury Goods industry. The company is headquartered in Mumbai, Maharashtra and currently employs 670 full-time employees. The company went IPO on 2007-12-06. Renaissance Global Limited is an India-based integrated jewelry company. The firm is focused on designing, manufacturing, and distribution of customer and licensed branded jewelry. The company is engaged in manufacturing / trading and retail of jewelry, gems, diamond and furniture and accessories. The Company’s geographical segments include India and Outside India. The company distributes its jewelry through a mix of business-to-business (B2B), and direct-to-consumer (D2C) channels. Its B2B division supplies jewelry to retailers and its D2C business consists of six D2C Websites selling licensed and own brands directly to the retail consumer . Its subsidiaries include Renaissance Jewelry New York Inc., USA; Verigold Jewellery (UK) Ltd., London; Renaissance Jewellery Bangladesh Pvt. Ltd., Bangladesh and Verigold Jewellery DMCC, Dubai.
Core Revenue Growth: Core revenue (excluding bullion sales) for Q3 grew 16% year-over-year to INR 824 crores, and for the first 9 months, up 28% to INR 1,886 crores.
Strong D2C Performance: U.S. Direct-to-Consumer (D2C) revenues grew 50% YoY in Q3 to INR 89 crores; D2C accounted for 13% of sales and is targeted to reach 20–25% over time.
Profitability Expansion: Q3 PBT increased 31% YoY to INR 42 crores; PAT rose 36.5% to INR 33 crores, with margin improvements driven by operating leverage and cost initiatives.
Margin Commentary: Q3 EBITDA margin was 7.7%, up year-over-year but affected by bullion sales; D2C EBITDA margin rose to 11% from 8% last year.
Inventory & Working Capital: Inventory days declined from 166 to 140 quarter-over-quarter; debtor days remain stable at around 90.
Guidance & Outlook: Management maintains a long-term goal of double-digit operating margins and mid-20s ROCE within three years, aided by D2C growth and cost discipline.
Metal Price & Tariff Impact: Tariff changes and rising metal prices create short-term turbulence but are not expected to materially impact long-term strategy.
