Renaissance Global Ltd - 532923 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sanat Hitesh Shah Renaissance Global Ltd - 532923 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Niranjan A Shah Renaissance Global Ltd - 532923 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kothari Descendents Pvt Trust Renaissance Global Ltd - 532923 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Niranjan A. Shah Renaissance Global Ltd - 532923 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sumit Niranjan Shah Renaissance Global Ltd - 532923 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
We are enclosing herewith the transcript of the Q3 & M9 FY 24 Earning Call held on February 14, 2024. Renaissance Global Ltd - 532923 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In continuation to our letter Ref. No.: RGL/S&L/2024/05 dated February 06, 2024; this is to inform you that the post result conference call on Q3 & 9M FY 2024 results of the Company was held on Wednesday, February 14, 2024 as scheduled. The Audio Recording of the said call has been made available on the Company's website at https://renaissanceglobal.com/wpcontent/ uploads/2024/02/Audio_Recording-Q3-FY24-Earnnig-Call-14.02.2024.mp3 Please refer attached file for further details. Q3FY24 Quarterly & 9MFY24 Result Announced for Renaissance Global Ltd.
Gems & Jewellery company Renaissance Global announced Q3FY24 & 9MFY24 results: Q3FY24 vs Q3FY23: Total Income stood at Rs 657.9 crore vs Rs 725.0 crore, down 9.3%. Branded Jewellery business revenues up 16.2% to Rs 272.1 crore. Direct-to-consumer business revenues up 7.5% to Rs 94.9 crore. EBITDA at Rs 53.9 crore as against Rs 50.1 crore, up 7.6%. EBITDA Margins stood at 8.2% against 6.9%, up 129 bps. PAT, after discontinued operations, stood at Rs 27.9 crore against Rs 27.8 crore. 9MFY24 vs 9MFY23: Total Income stood at Rs 1,577.4 crore from Rs 1,741.3 crore, down 9.4%. Branded Jewellery business revenues up 12.2% to Rs 513.3 crore. Direct-to-consumer business revenues up 18.4% to Rs 204.0 crore. EBITDA at Rs 122.4 crore as against Rs 130.0 crore, down by 5.9%. EBITDA Margins stood at 7.8% against 7.5%, up by 31 bps. PAT, after discontinued operations, stood at Rs 52.6 crore against Rs 67.6 crore. Commenting on the performance for Q3 & 9MFY24, Sumit Shah – Chairman and Global CEO, Renaissance Global said, “We have reported a resilient performance during the quarter marked by increased margins. Revenue growth in our strategically important Branded segment has helped us navigate through a challenging year in our key markets. Our licensing agreements with Marvel and Warner Bros. will help further augment revenue from this category. Our D2C vertical, while currently exhibiting good growth remains a key focus area for future expansion. For the 9-month period, the growth in the segment was ~18%. In Q3FY24, the revenue growth was moderate due to a focus on profitability. In the B2B segment, a significant development has been the successful launch of Wonder Fine Jewelry with one of our large retailer partners. Wonder Fine Jewelry is our umbrella brand for Disney Jewels, Marvel, and Star Wars. After signs of early success in the 2023 holiday season, we expect this to be launched with another large retailer in the coming quarters. Another noteworthy development is the widespread acceptance of Lab-Grown Diamonds (LGD) globally, particularly in engagement rings and solitaire jewellry. Currently, LGDs constitute around 50% of our D2C sales, indicating our penetration in this fast-growing segment. Our focus in the coming quarters is to fully leverage our strong partnerships with renowned brands, our robust distribution network, and our D2C capabilities to emerge from these challenging times with growth in our revenues and margins.” Result PDF Renaissance Global Ltd - 532923 - Announcement under Regulation 30 (LODR)-Investor Presentation
We are enclosing herewith press release on Q3 & M9 FY24 & Presentation on earnings for Q3 & M9 FY24 to highlight the performance of third quarter ended December 31, 2023. Renaissance Global Ltd - 532923 - Board Meeting Outcome for Outcome Of Board Meeting Held On February 12, 2024.
This is to advise that at the Board Meeting held today, the Board has adopted the Unaudited Financial Results (Standalone and Consolidated) for the Third quarter ended December 31, 2023, after review of the same by the Audit Committee at its meeting held on same day. Please refer attached file for further details.