Renaissance Global Ltd - 532923 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
With reference to our letter Ref. No.: RGL/S&L/2021/174 dated November 02, 2021; please find enclosed herewith the transcripts of earnings Conference call on Q2 & H1 FY 2022 results of the Company, held on Wednesday November 10, 2021. Q2FY22 Quarterly Result Announced for Renaissance Global Ltd.
Highlights: Revenues from operations stood at Rs. 4,771 million Direct-to-Consumer business revenues up 128% to Rs. 204 million EBITDA stood at Rs. 538 million, with margins at 11.3% PAT improves to Rs. 283 million Q2 FY22 performance overview compared with Q2 FY21 Revenues from operations stood at Rs. 4,771.0 million from Rs. 5,228.7 million On a like-to-like basis*, revenue growth stood at 6% YoY Branded Jewellery business revenues up 3% to Rs. 950.4 million Direct-to-Consumer business revenues up 128% to Rs. 203.6 million EBITDA at Rs. 538.4 million as against Rs. 442.3 million, up by 22% EBITDA Margins stood at 11.3% as against 8.3%, higher by 295 bps PAT, after discontinued operations, stood at Rs. 282.9 million as against Rs. 192.6 million, higher by 47% H1 FY22 performance overview compared with H1 FY21 Revenues from operations stood at Rs. 8,865.9 million from Rs. 7,084.3 million, higher by 25% On a like-to-like basis*, revenue growth stood at 42% YoY Branded Jewellery business revenues up 48% to Rs. 1,865.4 million Direct-to-Consumer business revenues up 209% to Rs. 453.2 million EBITDA at Rs. 951.8 million as against Rs. 330.8 million, up by 188% EBITDA Margins stood at 10.6% as against 4.6%, higher by 602 bps. PAT, after discontinued operations, stood at Rs. 520.4 million as against Rs. 12.5 million Commenting on the performance for Q2 & H1 FY22, Mr. Sumit Shah – Vice Chairman and Global CEO, Renaissance Global Limited said, “We are pleased to share that we have reported an encouraging performance in the second quarter of the fiscal, with Q2 revenues higher by 6% and PAT growth up by 24% (growth rates on a restated basis after adjusting for plain gold revenues), YoY and H1 revenues higher by 42% and PAT up by 9.5 times YoY. The growth was primarily driven by improved contribution from our high-margin branded jewellery segment, as well as robust YoY growth in our direct-to-consumer business. In the quarter, we saw strong recovery in consumption across our key global markets in North America and Europe, which further assisted performance. Our global branded business is a key strategic growth focus area for us. In order to strengthen this segment, we have recently established a Strategic Advisory Board comprising three renowned executives with diverse industry experience. This Board will be working closely with our leadership team, offering direction and guidance at key stages of our future projects, steering Renaissance towards the next phase of stronger and sustainable growth. During the quarter, we also announced the acquisition of Everyday Elegance jewellery. This transaction is in-sync with our strategy to expand our presence in the global Branded Jewellery space. Our long-term strategy is to efficiently grow our branded jewellery business across key international markets. Through our strategic licensing model, we have partnered with global iconic brands such as Hallmark and Disney. Our endeavor is to extend this model across newer brands, which will further fortify our position in the global branded jewellery industry. Within this segment, our Direct-to-Consumer business is an exciting growth prospect. In the last 15 months, we have launched six direct-to-consumer websites and are pleased to share that these channels have received excellent consumer response. We will be further augmenting our D2C portfolio in the coming months with the launch of additional websites. Overall, we are confident of our growth potential and the opportunities across our key geographies in North America, Europe, China, and other international markets.” Result PDF Renaissance Global Ltd - 532923 - Announcement under Regulation 30 (LODR)-Investor Presentation
We are enclosing herewith Press Release for Q2 & H1 FY22 Earnings and Earnings Presentation for Q2 FY22 to highlight the performance of Second quarter and half year ended September 30, 2021 Renaissance Global Ltd - 532923 - Results - Financial Results For Second Quarter And Half Year Ended September 30, 2021
This is to advise that at the Board Meeting held today, the Board has adopted the Unaudited Financial Results (Standalone and Consolidated) for the Second quarter and half year ended September 30, 2021, after review of the same by the Audit Committee. In accordance with Regulation 30 and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the copy of the same along with the Independent Auditors Review Reports on the same, for your records. The Board Meeting was commenced at 4.05 p.m. and concluded at 6.45 p.m. We are also enclosing herewith the Press Release for Q2 & H1 FY22 Earnings and Earnings Presentation for Q2 FY22 to highlight the performance of Second quarter and half year ended September 30, 2021 Renaissance Global Ltd - 532923 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, this is to inform you that the post result earning call with Analysts & Investors, on the performance of the Company for Q2 & H1 FY 2022 results of the Company will be held on Wednesday, November 10, 2021, at 2:30 pm (IST). The details of the earning call are attached herewith. Renaissance Global Ltd - 532923 - Board Meeting Intimation for Notice Of Board Meeting For Unaudited Financial Results For The Second Quarter Ended September 30, 2021
Renaissance Global Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/11/2021 ,inter alia, to consider and approve the unaudited Financial Results for the Second quarter ended September 30, 2021, in accordance with Regulation 29 read with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company has given an option to the Board members to participate in Board meeting through video conferencing facility. Renaissance Global Ltd - 532923 - Shareholding for the Period Ended September 30, 2021
Renaissance Global Ltd has submitted to BSE the Shareholding Pattern for the Period Ended September 30, 2021. For more details, kindly Click here Renaissance Global Ltd - 532923 - Statement Of Investor Complaints For The Quarter Ended September 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0000 Name of the Signatory :- G M WalavalkarDesignation :- Company Secretary and Compliance Officer Renaissance Global Ltd - 532923 - Announcement under Regulation 30 (LODR)-Investor Presentation
We are enclosing herewith Investor Presentation for the benefit of our investors. Please upload the same under suitable section of your website. Renaissance Global Ltd - 532923 - Update On Direct-To-Consumer Business
We are enclosing herewith the update on Direct-to-consumer business for the purpose of updating our investors