BSECompany Update3d ago · 6 Nov 2026, 02:18 pm
Press Release on results for Q2 & H1 FY 27
Renaissance Global Ltd · 532923
✦ AI Summary▲ PositiveResults
Renaissance Global Ltd reported strong growth in Q2 FY27, with revenue up 27.1% YoY and EBITDA up 19.4% YoY. The company's owned business delivered strong growth, with revenue up 33% YoY and EBITDA up 57%. The company also reported improved working capital efficiency, with a 54-day reduction in working capital cycle. Additionally, the company generated strong cash flow, with operating cash flow of ₹143 crore and free cash flow of ₹103 crore.
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
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Market Sentiment8/10
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Renaissance Global Ltd - 532923 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Ref. No.: RGL/S&L/2026/181
November 6, 2026
BSE Limited National Stock Exchange of India Ltd.
Listing Department Exchange Plaza, Plot no. C/1,
Phiroze Jeejeebhoy Towers G Block, Bandra Kurla Complex,
Dalal Street, Fort, Mumbai – 400 001 Bandra (East), Mumbai - 400 051
Scrip code: 532923 Symbol: RGL
Sub.: Press Release on results for Q2 & H1 FY27.
Dear Sir
We are enclosing herewith Press Release on results for Q2 FY27 to highlight the performance of
the Company for the Second quarter ended September 30, 2026.
We request you to kindly upload the same under the suitable section of your website.
Thanking you,
Yours faithfully,
For Renaissance Global Limited
CS Vishal Dhokar
Company Secretary & Compliance Officer
Encl.: As Above
Accelerating D2C Growth and Enhancing Profitability
H1 FY27 Growth: Revenue 25%, EBITDA 21%, PAT 92%
Mumbai, 6th November 2026: Renaissance Global Limited, a leading global jewellery manufacturer and
retailer, announced its Financial Results for the Quarter and Half Year Ended September 30, 2026.
Financial Highlights – H1 FY27
Revenue from Operations EBITDA Profit After Tax
₹ 1329 Cr ₹ 101 Cr ₹ 51 Cr
+25% YoY +21% YoY +92% YoY
Particulars (₹ Cr) Q2 FY27 Q2 FY26 YoY H1 FY27 H1 FY26 YoY
Revenue excluding bullion 639.3 531.6 20.3% 1329.2 1061.9 25.2%
Bullion sales 54.9 14.8 145.5 14.8
Revenue from operations 694.2 546.4 27.1% 1,474.7 1,076.7 37.0%
EBITDA 51.5 43.1 19.4% 101.2 84.0 20.5%
EBITDA margin, ex-bullion 8.1% 8.1% 7.6% 7.9%
Profit before tax 32.0 23.7 35.1% 61.7 33.0 86.9%
PBT margin, ex-bullion 5.0% 4.4% 4.6% 3.1%
Profit after tax 25.8 20.2 27.8% 51.5 26.8 91.9%
PAT margin, ex-bullion 4.0% 3.8% 3.8% 2.5%
EPS, ₹ 2.5 1.8 38.2% 4.9 2.4 102.8%
Key Highlights H1 FY27:
• Owned Business Delivered Strong Growth: Revenue grew 33% YoY, while EBITDA surged 57%,
reflecting improving scale and profitability
• Retail Expansion: Currently operating 4 Jean Dousset stores, with a target to expand the network
to 8 stores by FY27
• Working Capital Efficiency: Reduced the working capital cycle by 54 days year-on-year, reflecting
improved capital efficiency
• Strong Cash Flow Generation: Cash from Operations stood at ₹143 crore in H1 FY27, compared
with an outflow of ₹83 crore in H1 FY26, marking a significant ₹226 crore turnaround
• Robust Free Cash Flow: Generated H1 FY27 Free Cash Flow of ₹103 crore, after interest payments
of ₹24 crore and capital expenditure of ₹17 crore
• Record TTM Operating Cash Flow: TTM Cash from Operations reached ₹280 crore, surpassing the
previous peak of ₹229 crore recorded in FY23
• Strong TTM Free Cash Flow: TTM Free Cash Flow stood at ₹204 crore, reflecting sustained cash
generation
• Significant Debt Reduction: Net debt declined by ₹144 crore year-on-year to ₹199 crore
• Improved Leverage Position: Net Debt-to-Equity improved to 0.12x from 0.23x in the previous
year, reflecting a stronger balance sheet
Commenting on the performance, Mr. Sumit Shah – Chairman and Global CEO, Renaissance
Global Limited said:
“Our direct-to-consumer brands, With Clarity and Jean Dousset, are now the fastest-growing and most
profitable part of the group. In Q2, owned-brand revenue grew 39% and their EBITDA 67%. Jean Dousset
has four boutiques trading and will reach eight by the end of the financial year.
We are funding this growth wholly from our internal accurals. Our working-capital cycle is 53 days
shorter than a year ago, and net debt is ₹144 crore lower than last September. Registered a strong cash
generation momentum, with H1 FY27 operating cash flow of ₹143 crore and free cash flow of ₹103
crore, driving TTM cash from operations to a record ₹280 crore and free cash flow to ₹204 crore.
Revenue excluding bullion grew 20% and profit after tax 28% in the quarter. With the brands scaling,
four boutique openings ahead and a lighter balance sheet, we are well positioned for a strong holiday
quarter.”
About Renaissance Global Limited (Renaissance)
Renaissance Global Limited, (Renaissance) (BSE: 532923, NSE: RGL), is a global branded jewellery player.
Renaissance designs, manufactures, and supplies branded jewellery across key high-potential markets in USA,
Canada, UK & Asia. The product portfolio encompasses Owned Brands, Licensed Brands & Customer Brands
segments, with strong focus on overall branded Jewellery division. The Company has a growing portfolio of brands
under licensed and owned segments. It holds synergistic licensing agreements with large global brands, such as
Disney, Hallmark and starwars. Under its owned segment, it has a portfolio of brands such as Jean Dousset,
WithClarity, Irasva, Jewelili and Everyday Elegance. Over the years, Renaissance has successfully expanded its
branded product portfolio, backed by strong conceptualization, design, and manufacturing capabilities. On the
distribution side, the Company operates through both B2B and D2C models. Since 2020, Renaissance has
launched online stores through 6 D2C websites to market & supply licensed brands & owned brands.
Company Investor Relations Advisor
Renaissance Global Ltd Cygnus Partners Private Limited
Mr. Jagdish Bhanderi
Ms. Mamta Nehra
Manager-Corporate Strategy
Mamta.nehra@cygnuspartners.in
jagdish.bhanderi@renaissance
global.co
Ms. Pooja Swami
pooja.swami@cygnuspartners.in
Safe Harbor
Certain statements in this communication may be ‘forward-looking statements within the meaning of applicable laws
and regulations. These forward-looking statements involve several risks, uncertainties, and other factors that could
cause actual results to differ materially from those suggested by the forward-looking statements. Important
developments that could affect the Company’s operations include changes in the industry structure, significant
changes in the political and economic environment in India and overseas, tax laws, import duties, litigation, and
labour relations. Renaissance Global Limited will not be in any way responsible for any action taken based on such
statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent
events or circumstances.