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Renaissance Global jumps on logging 23% revenue growth in direct-to-consumer business in Q2 FY24

05 Oct 2023 Evaluate

Renaissance Global is currently trading at Rs. 104.55, up by 2.05 points or 2.00 % from its previous closing of Rs. 102.50 on the BSE.

The scrip opened at Rs. 102.15 and has touched a high and low of Rs. 105.50 and Rs. 102.15 respectively. So far 13580 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 132.25 on 19-Oct-2022 and a 52 week low of Rs. 80.05 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 107.40 and Rs. 101.70 respectively. The current market cap of the company is Rs. 1005.05 crore.

The promoters holding in the company stood at 70.83%, while Institutions and Non-Institutions held 1.88% and 27.29% respectively.

Renaissance Global’s direct-to-consumer business posted revenues of Rs 53.8 crore during Q2 FY24 as compared to Rs 43.9 crore in Q2 FY23, up by 23%. For H1FY24, the direct to customer business revenue was up by 29% to Rs 109.1 crore. 

As per the company, the Direct-to-consumer business is a high EBITDA margin business with normal margins in the range of 20-22%. With the growing share of direct-to-consumer revenues to total revenues, Renaissance is confident of its EBITDA margins showing an improving trend, going forward.

Renaissance Global is a global branded jewellery player. Renaissance designs, manufactures and supplies branded jewellery across key high-potential markets in USA, Canada, UK and key Asian markets.

Renaissance Global Share Price

107.38 -0.72 (-0.67%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Titan Co 4526.30
Kalyan Jewell.India 426.90
Rajesh Exports 125.34
Senco Gold 326.45
Thangamayil Jeweller 4205.90
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