loader2
Partner With Us NRI

Renaissance Global Ltd

Company details

94.70
107.50
82.10
217.79
6M Return -12.11%
1Y Return -48.82%
Mkt Cap.(Cr) 938.78
Volume 17,345
Div Yield 1.71%
OI
-
OI Chg %
-
Volume 17,345

Open Free Demat Account Online with ICICIDIRECT

Renaissance Global Ltd.

Q1FY23 Quarterly Result Announced for Renaissance Global Ltd.

Jewellery Makers firm Renaissance Global announced Q1FY23 Result :

  • Total Income stood at Rs. 575 crore higher by 37% YoY
  • Direct-to-Consumer business revenues up 63% to Rs. 41 crore
  • EBITDA stood at Rs. 42 crore, with margins at 7.3%
  • PAT improves to Rs. 24.2 crore
  • Total Income stood at Rs. 575.4 crore from Rs. 419.6 crore up by 37%
    • Branded Jewellery business revenues up 36% to Rs. 124.1 crore
    • Direct-to-Consumer business revenues up 63% to Rs. 40.7 crore
  • EBITDA at Rs. 42.0 crore as against Rs. 41.3 crore, up by 2%
    • EBITDA Margins stood at 7.3% as against 9.9%, lower by 276 bps
  • PAT, after discontinued operations, stood at Rs. 24.2 crore as against Rs. 23.7 crore, higher by 2%

Commenting on the performance for Q1 FY23, Mr. Sumit Shah – Chairman and Global CEO, Renaissance Global Limited said, “We have delivered a healthy top-line performance during the quarter despite a challenging macroenvironment in our key global markets. Our total income growth for Q1FY23 came in at 37% YoY. While the demand environment remained steady, we witnessed some non-linearities with regards to increased inflationary pressures in key raw materials. These had a bearing on our margin performance during the quarter. Although we do remain cautious of these challenges in this fiscal, we expect them to be largely transitory in nature.

Our core branded jewellery business marked strong growth in revenues to the tune of 36% YoY in Q1 FY23, supported by steady retail consumption. Within this segment, our direct-to-consumer (D2C) business delivered 63% revenue growth. It also continues to witness a notable increase in repeat customer wins. Overall, this vertical is a key growth lever for us and we look forward to strengthening this segment, going forward.

Looking ahead, given the intensifying inflation trend, we anticipate global consumption for discretionary products to be muted in the near future. However, on a longer-term basis, we are optimistic about our growth prospects and potential in our international markets such as US, Europe and UK. There are several growth opportunities in the international branded jewellery market, and we believe, we are well-positioned to tap upon these given our partnerships with well-known brands, our significant experience in product conceptualization, our design skills, and a solid distribution network. Overall, we look forward to delivering healthy and sustainable growth, going ahead”

Result PDF

View Other Company Results

FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 923.95 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 9,798.25 -25,291.97
LAST 3M 27,044.95 -25,544.90
LAST 6M 49,131.67 47,902.81
LAST 12M 178,925.96 -114,950.83

INFORMATION

Stock PE (TTM)

9.98

Promoter Holding

70.69%

Book Value

98.572

ROCE

10.77%

ROE

12.05%

Description

  • The company was originally incorporated on December 04,1989 as Mayur Gem and Jewellery Export Private Limited and were engaged in the business and manufacture of jewellery. Mr. Chandrakant Dhanak and Mrs. Darshana Dhanak are the original promoters of the Company. In the year 1995, Mr. Niranjan A. Shah and family acquired the entire shareholding of Mayur Gem and Jewellery Export Private Limited. With effect from April 16, 1997 the Company`s name was changed from Mayur Gem & Jewellery Export Private Limited to Rinaissance Gem & Jewellery Export Private Limited. With effect from April 1 1998, Sur Style Jewellery Private Limited (`Sur Style`) engaged in manufacture and export of studded jewellery was merged with company. On December 20, 2005, the Company was converted to a public limited company from private limited company and the name was changed to Renaissance Jewellery Limited. The company has engaged the business of manufacture and sale of studded gold, platinum and silver jewellery and are primarily focused on international markets including the USA. And also Studded jewellery products has marketed through retail stores operated by subsidiary company, Renaissance Retail Venture Private Limited (RRVPL). The company has been operated through three manufacturing units of which two units are located at SEEPZ-SEZ at Mumbai and one 100% EOU unit at Bhavnagar in Gujarat. Besides, the subsidiary Renaissance Retail Venture Private Limited has a manufacturing facility at MIDC, Andheri for catering to the domestic retail market. Verigold Fine Jewellery Private Limited (Subsidiary) has a manufacturing facility for studded jewellery in SEEPZ-SEZ at Mumbai. Both companies are wholly owned subsidiary of the Company.

Registered Address

Plot No 36A & 37 SEEPZ, MIDC Marol Antheri(East), Mumbai, Maharashtra, 400096

Tel : 91-22-40551200
Email : investors:renjewellery.com
Website : http://www.renjewellery.com

Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532923
NSE Code : RGL
Book Closure Date (Month) : Jul/Aug
BSE Group : B
ISIN : INE722H01024

ICICIdirect Renaissance Global Ltd FAQ

You can buy Renaissance Global Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Renaissance Global Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jan 31, 2023 04:01 PM the closing price of Renaissance Global Ltd was ₹ 99.45.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jan 31, 2023 04:01 PM, the market cap of Renaissance Global Ltd stood at ₹ 938.78.
The latest PE ratio of Renaissance Global Ltd as of Jan 31, 2023 04:01 PM is 9.98
The latest PB ratio of Renaissance Global Ltd as of Jan 31, 2023 04:01 PM is 1.0
The 52-week high of Renaissance Global Ltd is ₹ 217.79 while the 52-week low is ₹ 82.10

Download Our App

market app
market app