Renaissance Global Ltd Share Price – NSE /  BSE

Diamond, Gems and Jewellery, Small Cap

This financial maneuver is aimed at lowering interest expenses. As on 31 December 2024, the company's net debt stood at Rs 188 crore, lower than Rs 311 crore at the same time last year.

Sumit Shah, Global CEO at Renaissance Global, remarked, We are delighted to announce a reduction of our gross debt by ₹53 Crore during Q4 FY25. We will continue our endeavor towards consistent reduction of debt to reduce our borrowing costs and achieve our eventual goal of becoming a zero net debt company.

The company emphasized its ongoing focus on enhancing its financial position through operational improvements and strategic capital allocation.

Renaissance Global is a global branded jewelry company that designs, manufactures, and supplies jewelry across major markets like the US, Canada, UK, and Asia. It offers a diverse portfolio of owned brands (Irasva, Jewelili, Everyday Elegance) and licensed brands (Disney, Hallmark, NFL). The company utilizes both B2B and D2C distribution models, including six online stores launched since 2020.

The company?s consolidated net profit declined 12.9% to Rs 24.32 crore while net sales increased 8.3% to Rs 710.15 crore in Q3 December 2024 over Q3 December 2023.

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 Renaissance Global has strengthened its financial position by reducing its gross debt by around Rs 53 crore during the ongoing Q4 of FY 2025. This reduction will help the Company lower its interest expense and reflects the Company's disciplined financial strategy and robust capital management practices. The Company had reported a lower Net Debt of Rs 188 crore as on 31 December, 2024 vs. Rs 311 crore at the same time last year.

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The company has subscribed to 10,000 equity shares of Renaissance Retail, with a face value of Rs 10 each, totaling Rs 1 Lakh.

The company has incorporated Renaissance Retail to carry on the business of Jewellery Retail through online e-commerce jewellery websites as well as through offline jewellery stores having own retail jewellery Brands in India and/or overseas. It will design, manufacture, buy, sell, market, import, export, and distribute jewellery, ornaments, artifacts, antiques, idols, and other products made of gold, silver, platinum, brass, copper, or other metals, including those studded with natural or lab-grown diamonds, and precious, semi-precious, or non-precious stones. The company will also engage in value-added activities within the jewellery industry.

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

The company’s consolidated net profit declined 12.9% to Rs 24.32 crore in Q3 FY25 as compared with Rs 27.93 crore in Q3 FY24. Net sales increased 8.3% YoY to Rs 710.15 crore during the quarter ended 31st December 2024.

The counter fell 0.70% to settle at Rs 127.85 on Friday, 28 February 2025.

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 Renaissance Global has strengthened its financial position by reducing its gross debt by around Rs 53 crore during the ongoing Q4 of FY 2025. This reduction will help the Company lower its interest expense and reflects the Company's disciplined financial strategy and robust capital management practices. The Company had reported a lower Net Debt of Rs 188 crore as on 31 December, 2024 vs. Rs 311 crore at the same time last year.

Powered by Capital Market - Live News

The company has subscribed to 10,000 equity shares of Renaissance Retail, with a face value of Rs 10 each, totaling Rs 1 Lakh.

The company has incorporated Renaissance Retail to carry on the business of Jewellery Retail through online e-commerce jewellery websites as well as through offline jewellery stores having own retail jewellery Brands in India and/or overseas. It will design, manufacture, buy, sell, market, import, export, and distribute jewellery, ornaments, artifacts, antiques, idols, and other products made of gold, silver, platinum, brass, copper, or other metals, including those studded with natural or lab-grown diamonds, and precious, semi-precious, or non-precious stones. The company will also engage in value-added activities within the jewellery industry.

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

The company’s consolidated net profit declined 12.9% to Rs 24.32 crore in Q3 FY25 as compared with Rs 27.93 crore in Q3 FY24. Net sales increased 8.3% YoY to Rs 710.15 crore during the quarter ended 31st December 2024.

The counter fell 0.70% to settle at Rs 127.85 on Friday, 28 February 2025.

Powered by Capital Market - Live News

Net profit of Renaissance Global declined 12.93% to Rs 24.32 crore in the quarter ended December 2024 as against Rs 27.93 crore during the previous quarter ended December 2023. Sales rose 8.34% to Rs 710.15 crore in the quarter ended December 2024 as against Rs 655.48 crore during the previous quarter ended December 2023.

Powered by Capital Market - Live News

This financial maneuver is aimed at lowering interest expenses. As on 31 December 2024, the company's net debt stood at Rs 188 crore, lower than Rs 311 crore at the same time last year.

Sumit Shah, Global CEO at Renaissance Global, remarked, We are delighted to announce a reduction of our gross debt by ₹53 Crore during Q4 FY25. We will continue our endeavor towards consistent reduction of debt to reduce our borrowing costs and achieve our eventual goal of becoming a zero net debt company.

The company emphasized its ongoing focus on enhancing its financial position through operational improvements and strategic capital allocation.

Renaissance Global is a global branded jewelry company that designs, manufactures, and supplies jewelry across major markets like the US, Canada, UK, and Asia. It offers a diverse portfolio of owned brands (Irasva, Jewelili, Everyday Elegance) and licensed brands (Disney, Hallmark, NFL). The company utilizes both B2B and D2C distribution models, including six online stores launched since 2020.

The company?s consolidated net profit declined 12.9% to Rs 24.32 crore while net sales increased 8.3% to Rs 710.15 crore in Q3 December 2024 over Q3 December 2023.

Powered by Capital Market - Live News

 Renaissance Global has strengthened its financial position by reducing its gross debt by around Rs 53 crore during the ongoing Q4 of FY 2025. This reduction will help the Company lower its interest expense and reflects the Company's disciplined financial strategy and robust capital management practices. The Company had reported a lower Net Debt of Rs 188 crore as on 31 December, 2024 vs. Rs 311 crore at the same time last year.

Powered by Capital Market - Live News

The company has subscribed to 10,000 equity shares of Renaissance Retail, with a face value of Rs 10 each, totaling Rs 1 Lakh.

The company has incorporated Renaissance Retail to carry on the business of Jewellery Retail through online e-commerce jewellery websites as well as through offline jewellery stores having own retail jewellery Brands in India and/or overseas. It will design, manufacture, buy, sell, market, import, export, and distribute jewellery, ornaments, artifacts, antiques, idols, and other products made of gold, silver, platinum, brass, copper, or other metals, including those studded with natural or lab-grown diamonds, and precious, semi-precious, or non-precious stones. The company will also engage in value-added activities within the jewellery industry.

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

The company’s consolidated net profit declined 12.9% to Rs 24.32 crore in Q3 FY25 as compared with Rs 27.93 crore in Q3 FY24. Net sales increased 8.3% YoY to Rs 710.15 crore during the quarter ended 31st December 2024.

The counter fell 0.70% to settle at Rs 127.85 on Friday, 28 February 2025.

Powered by Capital Market - Live News

 Renaissance Global has strengthened its financial position by reducing its gross debt by around Rs 53 crore during the ongoing Q4 of FY 2025. This reduction will help the Company lower its interest expense and reflects the Company's disciplined financial strategy and robust capital management practices. The Company had reported a lower Net Debt of Rs 188 crore as on 31 December, 2024 vs. Rs 311 crore at the same time last year.

Powered by Capital Market - Live News

The company has subscribed to 10,000 equity shares of Renaissance Retail, with a face value of Rs 10 each, totaling Rs 1 Lakh.

The company has incorporated Renaissance Retail to carry on the business of Jewellery Retail through online e-commerce jewellery websites as well as through offline jewellery stores having own retail jewellery Brands in India and/or overseas. It will design, manufacture, buy, sell, market, import, export, and distribute jewellery, ornaments, artifacts, antiques, idols, and other products made of gold, silver, platinum, brass, copper, or other metals, including those studded with natural or lab-grown diamonds, and precious, semi-precious, or non-precious stones. The company will also engage in value-added activities within the jewellery industry.

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

The company’s consolidated net profit declined 12.9% to Rs 24.32 crore in Q3 FY25 as compared with Rs 27.93 crore in Q3 FY24. Net sales increased 8.3% YoY to Rs 710.15 crore during the quarter ended 31st December 2024.

The counter fell 0.70% to settle at Rs 127.85 on Friday, 28 February 2025.

Powered by Capital Market - Live News

Net profit of Renaissance Global declined 12.93% to Rs 24.32 crore in the quarter ended December 2024 as against Rs 27.93 crore during the previous quarter ended December 2023. Sales rose 8.34% to Rs 710.15 crore in the quarter ended December 2024 as against Rs 655.48 crore during the previous quarter ended December 2023.

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