BSECompany Update3d ago · 6 Nov 2026, 01:15 pm
Earning Presentation for the quarter ended September 30, 2026
Renaissance Global Ltd · 532923
✦ AI Summary▲ PositiveResults
Renaissance Global Ltd has released its earnings presentation for Q2 FY27, highlighting a 33% increase in revenue and a 57% increase in EBITDA. The company has also reduced its net debt by ₹144 Cr YoY. The presentation focuses on prioritizing high-growth, high-margin D2C business efficiency and shifting gears towards 2030.
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Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment8/10
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Renaissance Global Ltd - 532923 - Earning Presentation For The Quarter Ended September 30, 2026
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Ref. No.: RGL/S&L/2026/182
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.: Earnings Presentation - Q2 & H1 FY27.
Dear Sir
We are enclosing herewith Earnings Presentation - 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
Renaissance
Global Limited
Earnings Presentation | Q2 & H1FY27
Safe Harbor
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Renaissance Global Ltd (the “Company’),
solely for information purposes and do not constitute any offer, recommendation, or invitation to purchase or subscribe for any securities,
and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of
the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the
Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on the truth, accuracy,
completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not
contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this
Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects
that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance
and are subject to known and unknown risks, uncertainties, and assumptions that are difficult to predict. These risks and uncertainties
include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the
performance of the industry in India and worldwide, competition, the Company’s ability to successfully implement its strategy, the
Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or
cashflows, the Company's market preferences, and its exposure to market risks, as well as other risks. The Company's actual results, levels of
activity, performance, or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The
Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements
and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for
such third-party statements and projections.
All Maps used in the Presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any
representation of accuracy, timeliness, or completeness.
Table of Contents
01 02 03
Strategic Priorities Prioritising High-Growth, Working Capital
High-Margin D2C Business Efficiency
04 05 06
Growth Plan Q2 & H1FY27 Company Overview
Financial Snapshot
Shifting gears towards 2030
Prioritising High-Growth, Improved Working Capital Growth financed entirely
High-Margin D2C Business Efficiency through internal accruals
By FY27 target to expand Jean Focused on Optimising Working Targeting Debt Reduction to
8 180 Days ~₹100 Cr
Douseet boutiques to Capital to
What we have delivered till H1 FY27
Jean Dousset Scaling the Working Capital Cash flow from operations &
Retail Footprint Owned brands Net Debt reduction
4 Operating Stores Revenue +33%, Working capital cycle TTM Cash flow from operations: ₹ 280 Cr
EBITDA +57% reduced by 54 days TTM Free Cash Flow: ₹ 204 Cr
Net debt reduced by ₹ 144 Cr YoY
Prioritising High-
Growth, High-Margin
D2C Business
Our D2C Brand Portfolio
STRATEGIC FOCUS | Jean Dousset + WithClarity + Disney License as global growth brands
Owned Brands Licenced Brands
JEAN DOUSSET WITH CLARITY Enchanted Disney
ULTRA-PREMIUM • LAB-GROWN DIAMONDS DIGITAL-FIRST • PERSONALISATION ICONIC CHARACTERS • STORYTELLING-LED FINE JEWELLERY
Acquired in 2025 Acquired in 2023 Licensee since2018
Luxury bridal brand founded by Jean Dousset, the New York-founded online fine-jewellery brand focused Combines Disney's iconic characters and Star Wars
ABOUT THE
great-great-grandson of Louis Cartier; positioned on a transparent, guided and personalised buying storytelling through distinctive fine jewellery
BRAND
around bespoke craftsmanship and modern luxury. journey. collections.
PRODUCT Engagement rings , Necklaces, Bracelet, Wedding Lab-grown & natural diamond rings, Wedding bands, Disney Princess-inspired engagement rings, diamond
Bands - refined fine jewellery, Bespoke diamond Necklaces, Earrings and Bracelets jewellery, necklaces, pendants, earrings and
PORTFOLIO
designs character-inspired collections.
4 US stores; Expansion plan targets 8 by FY27 in Shop in Shop presence within IRASVA Boutique in Retail partnerships and direct-to-consumer channels
STORES
United States Mumbai
PRESENCE Digital + physical boutiques Digital Presence + 1 Store in New York Digital Presence
Owned brands Emerging as a High-Growth, High-Value Business
Owned-brands revenue, ₹ Cr
Q2 FY27 revenue Q2 FY27 EBITDA
₹83.2 Cr ₹12.1 Cr
+65.7% p.a. +39% from ₹60.0 cr of Q2 FY26; +67% from ₹7.2 Cr of Q2 FY26;
Margin 14.6%, from 12.1%
Share of group revenue Share of group EBITDA
13.0% 23.5%
30 92
78 From 11.3% in Q2 FY26 From 16.8% in Q2 FY26;
H1: 22.0%, from 16.9% of H1 FY26
FY22 FY23 FY24 FY25 FY26 H1FY27
Owned-brands revenue up 13x from FY22
CAGR H1 Revenue of owned brands Expected Revenue from owned brands
Owned brands leads on growth and margins
Revenue, ₹ Cr
Segment Q2 FY27 Q2 FY26 YoY H1 FY27 H1 FY26 YoY
Owned brands 83.2 60.0 38.6% 171.7 128.8 33.4%
Licensed brands 45.6 55.0 -17.1% 118.4 123.0 -3.8%
Customer brands 510.5 416.5 22.6% 1039.1 810.1 28.3%
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
Total revenue 694.2 546.4 27.1% 1474.7 1076.7 37.0%
EBITDA, ₹ Cr and margin on segment revenue
Segment Q2 FY27 Margin Q2 FY26 Margin H1 FY27 Margin H1 FY26 Margin
Owned brands 12.1 14.6% 7.2 12.1% 22.3 13.0% 14.2 11.0%
Licensed brands 6.9 15.2% 7.7 14.0% 14.8 12.5% 17.0 13.8%
Customer brands 32.4 6.4% 28.2 6.8% 64.1 6.2% 52.8 6.5%
Total EBITDA, ex-bullion 51.5 8.1% 43.1 8.1% 101.2 7.6% 84.0 7.9%
Improved Working
Capital Efficiency
Working-capital cycle 54 days shorter than a year ago
Net working-capital days, on trailing twelve-month sales Receivable days
128 → 107 -21 days
Sep-25 → Sep-26 Receivables ₹830 Cr, up only 4% on
sales up 24%
208 Inventory days -32 days
167 → 134
Inventory ₹1,043 Cr, 7 Cr lower year
Sep-25 → Sep-26
on year on sales up 24%
Payable days
33 → 33
Supplier credit remained unchanged
Sep-25 → Sep-26
What it means:
Sep-25 Mar-26 Sep-26 • ₹551 Cr of incremental annual sales achieved with ₹22 Cr lower working capital
• At last year’s 72% working capital-to-sales ratio, the same sales growth would have required
an additional ₹417 Cr of working capital
Note: Days = period-end balance ÷ trailing twelve-month sales × 365. Sep-26 balances. Payables shown as days of sales.
Highest ever cash flow from operations
Net cash from operating activities by financial year, ₹ Cr
TTM Cash from Operations : ₹280 Cr
Surpassing the previous peak of ₹229 Cr r
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