Renaissance Global Limited (RGL) Q2 FY27 Financial Results: PAT ₹25.6 & Revenue ₹689.8 Cr

Investor Takeaways

Overall Tone: Positive based on the numbers only.

Key Financial Highlights

What Changed

Renaissance Global Limited delivered robust top-line growth of 30.1% YoY in Q1 FY27, reaching ₹689.8 crore, primarily driven by strong performance in Owned Brands. Net profit witnessed a significant surge of 288.5% YoY to ₹25.6 crore, reflecting improved operational efficiency and margin expansion. EBITDA increased by 21.7% YoY to ₹49.7 crore, supporting the profit growth trend. The company's Owned Brands EBITDA margin expanded by 140 basis points to 11.5%, indicating better cost management and pricing power. Sequential revenue growth was observed from ₹536.51 crore in Q4FY24 to ₹689.8 crore in Q1 FY27, with OPM improving from 7.84% to 7.4% (though slightly down sequentially, it remains above year-ago levels). The company successfully reduced its working capital requirements by targeting ₹250 crore reduction and aims to achieve ₹300+ crore operating cash flow for FY27. Strategic retail expansion in the U.S. market, including plans to open 7 Jean Dousset stores by FY27 end, is expected to contribute to revenue growth. The company has set a target of ₹1,000 crore D2C revenue by FY29 with at least 15% operating margin, positioning it for scalable profitability.

Peer Comparison

Renaissance Global Limited trades at a significantly lower P/E ratio compared to Titan and Asian Paints, suggesting potential undervaluation relative to peers, though its ROE and ROCE metrics are not currently available for direct comparison.

Risks & Concerns

Quarterly Trend

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About Renaissance Global Limited (RGL)

Consumer Durables · Diamond, Gems and Jewellery · Listed on NSE

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