Renaissance Global Ltd

Renaissance Global announced that the 36th Annual General Meeting(AGM) of the company will be held on 18 September 2025.Powered by Capital Market - Live

Net profit of Renaissance Global declined 59.13% to Rs 6.38 crore in the quarter ended June 2025 as against Rs 15.61 crore during the previous quarter ended June 2024. Sales rose 19.22% to Rs 530.32 crore in the quarter ended June 2025 as against Rs 444.83 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales530.32444.83 19 OPM %6.838.21 - PBDT29.6326.29 13 PBT21.3019.18 11 NP6.3815.61 -59 Powered by Capital Market - Live

Renaissance Global will hold a meeting of the Board of Directors of the Company on 12 August 2025.Powered by Capital Market - Live

Net profit of Renaissance Global rose 27.22% to Rs 25.05 crore in the quarter ended March 2025 as against Rs 19.69 crore during the previous quarter ended March 2024. Sales declined 4.12% to Rs 514.40 crore in the quarter ended March 2025 as against Rs 536.51 crore during the previous quarter ended March 2024. For the full year,net profit rose 5.22% to Rs 76.15 crore in the year ended March 2025 as against Rs 72.37 crore during the previous year ended March 2024. Sales declined 1.24% to Rs 2080.98 crore in the year ended March 2025 as against Rs 2107.11 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales514.40536.51 -4 2080.982107.11 -1 OPM %7.427.84 -7.667.48 - PBDT28.4030.73 -8 115.36115.62 0 PBT20.0123.10 -13 85.2085.40 0 NP25.0519.69 27 76.1572.37 5 Powered by Capital Market - Live

Renaissance Global has revised the meeting of the Board of Directors which was scheduled to be held on 28 May 2025. The meeting will now be held on 30 May 2025.Powered by Capital Market - Live

Renaissance Global will hold a meeting of the Board of Directors of the Company on 28 May 2025.Powered by Capital Market - Live

Renaissance Global has decided to discontinue manufacturing operations at its plant situated in Bhavnagar, Gujarat. With a gradual shift in US consumer preferences towards lab grown diamond (LGD) jewellery, the Company has been witnessing a decline in the low value mined diamond category, which was primarily being manufactured at this plant. The Company has also been shifting focus on growing its D2C segment which is highly geared towards better quality and higher value LGD jewellery, with an added emphasis on fully customized jewellery delivered within ultra short lead times. This shift has made it possible to consolidate all of the Company's manufacturing operations in Mumbai. Importantly, the company remains confident in its ability to maintain existing sales volumes, leveraging improved efficiencies and optimal utilization of its remaining facilities. The move is expected to result in annual cost savings to the tune of Rs. 15 crore. The decision stems from a comprehensive strategic review undertaken in the second quarter of FY25, during which the company embarked on a detailed evaluation of its manufacturing footprint. As part of this review, RGL implemented robust process re-engineering and capacity rationalization initiatives aimed at aligning its operations more closely with current revenue levels and future business goals. Powered by Capital Market - Live

This financial maneuver is aimed at lowering interest expenses. As on 31 December 2024, the company's net debt stood at Rs 188 crore, lower than Rs 311 crore at the same time last year. Sumit Shah, Global CEO at Renaissance Global, remarked, We are delighted to announce a reduction of our gross debt by ₹53 Crore during Q4 FY25. We will continue our endeavor towards consistent reduction of debt to reduce our borrowing costs and achieve our eventual goal of becoming a zero net debt company. The company emphasized its ongoing focus on enhancing its financial position through operational improvements and strategic capital allocation. Renaissance Global is a global branded jewelry company that designs, manufactures, and supplies jewelry across major markets like the US, Canada, UK, and Asia. It offers a diverse portfolio of owned brands (Irasva, Jewelili, Everyday Elegance) and licensed brands (Disney, Hallmark, NFL). The company utilizes both B2B and D2C distribution models, including six online stores launched since 2020. The company's consolidated net profit declined 12.9% to Rs 24.32 crore while net sales increased 8.3% to Rs 710.15 crore in Q3 December 2024 over Q3 December 2023. Powered by Capital Market - Live

 Renaissance Global has strengthened its financial position by reducing its gross debt by around Rs 53 crore during the ongoing Q4 of FY 2025. This reduction will help the Company lower its interest expense and reflects the Company's disciplined financial strategy and robust capital management practices. The Company had reported a lower Net Debt of Rs 188 crore as on 31 December, 2024 vs. Rs 311 crore at the same time last year. Powered by Capital Market - Live

The company has subscribed to 10,000 equity shares of Renaissance Retail, with a face value of Rs 10 each, totaling Rs 1 Lakh. The company has incorporated Renaissance Retail to carry on the business of Jewellery Retail through online e-commerce jewellery websites as well as through offline jewellery stores having own retail jewellery Brands in India and/or overseas. It will design, manufacture, buy, sell, market, import, export, and distribute jewellery, ornaments, artifacts, antiques, idols, and other products made of gold, silver, platinum, brass, copper, or other metals, including those studded with natural or lab-grown diamonds, and precious, semi-precious, or non-precious stones. The company will also engage in value-added activities within the jewellery industry. Renaissance Global is a global branded jewellery player. The company designs, manufactures, and supplies branded jewellery across key high-potential markets in USA, Canada, UK & Asia. The company's consolidated net profit declined 12.9% to Rs 24.32 crore in Q3 FY25 as compared with Rs 27.93 crore in Q3 FY24. Net sales increased 8.3% YoY to Rs 710.15 crore during the quarter ended 31st December 2024. The counter fell 0.70% to settle at Rs 127.85 on Friday, 28 February 2025.Powered by Capital Market - Live