ALFA Finder| Revenue growth | Q2 +20% YoY; H1 +25% excl. bullion; own brands +39%. |
|---|---|
| Margins | H1 EBITDA margin 7.6%, down from 7.9%; mix shift expected to help. |
| Demand visibility | Own brands strong; customer-brand demand shrinking as exits proceed. |
| Management confidence | Confident but hedged; concedes deceleration and margin pressure. |
Growth
Q2 revenue +20% to ₹639 Cr; H1 EBITDA +21% but margin down to 7.6%.
Outlook
Eight boutiques by FY27-end; ₹375 Cr own-brand revenue target; net debt ~₹100 Cr by 2030; WC cycle ~180 days.
Risks
Customer-brand exits remove ~₹400 Cr revenue; growth decelerating; dollar borrowings ₹550-600 Cr expose forex losses.
Last quarter's promises, checked
Delivered
- Net debt 'meaningfully lower' YoY → ₹199 Cr, −42% (= BEAT)
- Customer exits ₹300–400 Cr revenue → ~₹400 Cr (= BEAT)
Partly delivered
- WC release ~₹250 Cr FY27 → WC days 220→180; ₹ release not disclosed (= PARTIAL)
- 7 Jean Dousset stores by FY27-end → 4 open incl. Boston (4 Nov) (= PARTIAL)
- ₹375 Cr own-brand FY27 → target reaffirmed; Q2 own brands +39% (= PARTIAL)
Missed
- FY27 PAT growth >30% → Q2 PAT +28%, flat QoQ at ₹26 Cr (= MISS)
Earnings Call Transcript filed with BSE, NSE: RGL. Summary written with AI assistance from the document.
Renaissance Global Ltd: key numbers
- Share price
- ₹153.92
- Market cap
- ₹1,654 Cr
- Revenue (annual)
- ₹2,813 Cr
- Net profit (annual)
- ₹90.09 Cr
- P/E (TTM)
- 14.2×Sector 46.9×
- Promoter holding
- 61.93%-0.02% QoQ
- FII holding
- 3.96%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Renaissance Global Ltd
All →Renaissance Global Q2 FY27 Results: Net Profit ₹25.8 Cr, Up 27.7% YoY
Renaissance Global Ltd reported revenue from operations of ₹694.2 Cr (+27.0% YoY) and net profit of ₹25.8 Cr (+27.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹25.8 Cr · +27.7% YoY
Renaissance Global Capacity Expansion
Renaissance Global opens its fourth Jean Dousset boutique on Newbury Street, Boston, strengthening US D2C jewellery presence. The company targets eight operational boutiques by FY27-end.
- operationalJean Dousset retail boutiques (D2C)
- 4 boutiques
Renaissance Global Employee Stock Options
Renaissance Global allotted 17,500 equity shares on ESOP exercise under the RGL ESOP 2021 scheme. Paid-up capital rises to Rs 21,49,30,442 after the allotment.
Renaissance Global Board Meeting Date
Renaissance Global Ltd notified BSE and NSE that its Board will meet on November 6, 2026 to consider unaudited financial results for the quarter and half year ended September 30, 2026. This is a future meeting notice, with no results yet approved.
Renaissance Global Other Announcement
Renaissance Global filed its quarterly shareholding pattern for the quarter ended September 30, 2026. This is a routine regulatory disclosure with no transaction or business event.
Renaissance Global Other Announcement
Renaissance Global Limited has appointed Cygnus Partners Private Limited as its Investor Relations Agency. This is a routine administrative appointment for advisory services.