RGL
Renaissance Global reported a strong top-line growth of 37% YoY in Q1 FY23, driven by the Branded Jewellery segment which grew 36%. The Direct-to-Consumer (D2C) business showed robust expansion with a 63% increase. However, EBITDA margins declined due to inflationary pressures on raw materials. Management expressed cautious optimism about near-term challenges but remained positive on long-term growth opportunities.
Scale of reported figures
Key financials
| Total Income | ₹575 crore | YoY |
| Branded Jewellery Revenues | ₹124 crore | YoY |
| Direct-to-Consumer (D2C) Revenues | ₹40.7 crore | YoY |
| EBITDA | ₹42 crore | YoY |
| PAT | ₹24.2 crore | YoY |
Segment commentary
Branded Jewellery
Strong growth of 36% YoY, supported by steady retail consumption and expansion in D2C channels.
Direct-to-Consumer (D2C)
Revenue up 63% YoY with notable increase in repeat customer wins. Margins are high at 20-22%, contributing to improving EBITDA trends.
Guidance & outlook
- Anticipate muted global consumption for discretionary products due to inflation but remain optimistic on long-term growth in international markets.
- Expect challenges related to raw material inflation to be transitory.
Key takeaways
- Strong top-line growth driven by Branded Jewellery and D2C segments despite margin pressures.
- High EBITDA margins from the D2C business are expected to improve overall profitability moving forward.
- Management cautious on near-term challenges but optimistic about long-term international growth opportunities.
Risks flagged
- Inflationary pressures on raw materials affecting margins.
- Muted global consumption for discretionary products due to inflation.
In their words
“Our core branded jewellery business marked strong growth in revenues to the tune of 36% YoY in Q1 FY23, supported by steady retail consumption.”— Sumit Shah





Educational analysis only. Not investment advice. Consult a
SEBI-registered advisor before investing. Source: https://nsearchives.nseindia.com/corporate/RGL_08082022200818_RGLPressReleaseQ1FY23NSESIGNED.pdf
Full transcript (4,263 words)
Ref. No.: RGL/S&L/2022/162
August 8, 2022
Bombay Stock Exchange Limited National Stock Exchange of India Ltd.
Listing Department Exchange Plaza, Plot no. C/1,
Phiroze Jeejeebhoy Towers G Block, Bandra Kurla Complex,
Dalal Street, Fort, Bandra (East),
Mumbai – 400 001 Mumbai - 400 051
Sub.: Press Release and earnings presentation for Q1 FY 23.
Dear Sir
We are enclosing herewith Press Release for Q1 FY23 Earnings and Earnings Presentation for Q1
FY23 to highlight the performance of First quarter ended June 30, 2022
We request you to upload the same under the suitable section of your website.
Thanking you,
Yours faithfully,
For Renaissance Global Limited
CS Vishal Dhokar
Company Secretary & Compliance Officer
Encl.: As Above
PRESS RELEASE
Renaissance Global announces Q1 FY23 Results
Q1 FY23
Total Income stood at Rs. 575 crore higher by 37% YoY
Direct-to-Consumer business revenues up 63% to Rs. 41 crore
EBITDA stood at Rs. 42 crore, with margins at 7.3%
PAT improves to Rs. 24.2 crore
Mumbai, August 08, 2022: Renaissance Global Limited, a branded and differentiated jewellery
products Company, has announced its financial results for the quarter year ended June 30, 2022.
Q1 FY23 performance overview compared with Q1 FY22
Total Income stood at Rs. 575.4 crore from Rs. 419.6 crore up by 37%
o Branded Jewellery business revenues up 36% to Rs. 124.1 crore
o Direct-to-Consumer business revenues up 63% to Rs. 40.7 crore
EBITDA at Rs. 42.0 crore as against Rs. 41.3 crore, up by 2%
o EBITDA Margins stood at 7.3% as against 9.9%, lower by 276 bps
PAT, after discontinued operations, stood at Rs. 24.2 crore as against Rs. 23.7 crore, higher
by 2%
Commenting on the performance for Q1 FY23, Mr. Sumit Shah – Chairman and Global CEO,
Renaissance Global Limited said,
“We have delivered a healthy top-line performance during the quarter despite a challenging macro-
environment in our key global markets. Our total income growth for Q1FY23 came in at 37% YoY.
While the demand environment remained steady, we witnessed some non-linearities with regards to
increased inflationary pressures in key raw materials. These had a bearing on our margin performance
during the quarter. Although we do remain cautious of these challenges in this fiscal, we expect them
to be largely transitory in nature.
Our core branded jewellery business marked strong growth in revenues to the tune of 36% YoY in Q1
FY23, supported by steady retail consumption. Within this segment, our direct-to-consumer (D2C)
business delivered 63% revenue growth. It also continues to witness a notable increase in repeat
customer wins. Overall, this vertical is a key growth lever for us and we look forward to strengthening
this segment, going forward.
Looking ahead, given the intensifying inflation trend, we anticipate global consumption for
discretionary products to be muted in the near future. However, on a longer-term basis, we are
optimistic about our growth prospects and potential in our international markets such as US, Europe
and UK. There are several growth opportunities in the international branded jewellery market, and we
believe, we are well-positioned to tap upon these given our partnerships with well-known brands, our
significant experience in product conceptualization, our design skills, and a solid distribution network.
Overall, we look forward to delivering healthy and sustainable growth, going ahead”
Key Developments –
Direct to Consumer (D2C) Business Update:
During Q1 FY23, the direct-to-consumer business posted revenues of Rs. 40.7 crore
compared to Rs. 25.0 crore in Q1 FY22, up by 62.9% YoY
Based on our estimates of a quarter’s contribution to annual sales, our annual revenue run
rate is at Rs. 203.6 crore in Q1 FY23 vs. actual FY22 revenues of Rs.123.8 crore
The D2C business is a high EBITDA margin business with 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
In the past quarters, the Company has launched six direct-to-consumer websites, as below,
o Enchanted Disney Fine Jewelry – https://www.enchantedfinejewelry.com/ &
https://enchantedfinejewelry.co.uk/
o Lab Grown Diamonds jewellery website - https://diamondsmadeforyou.com
o Jewelili – https://www.jewelili.com
o Star Wars Fine Jewelry - https://starwarsfinejewelry.com
o Hallmark Diamonds - https://www.hallmarkdiamondscollection.com
o IRASVA - https://www.irasva.com/
– ENDS –
About Renaissance Global Limited (Renaissance)
Renaissance Global Limited, (Renaissance) (BSE: 532923, NSE: RGL), is a global branded jewellery
player. Renaissance designs, manufactures, and supplies branded jewellery across key high-potential
markets in USA, Canada, UK & key Asian markets. The product portfolio encompasses Branded
Jewellery, Customer Brands & Plain Gold Jewellery segments, with strong focus on Branded Jewellery
division.
The Company has a growing portfolio of brands under licensed and owned segments. It holds
synergistic licensing agreements with large global brands, such as Disney, Hallmark, and NFL. Under
its owned segment, it has a portfolio of brands such as Irasva, Jewelili and Made For You. Over the
years, Renaissance has successfully expanded its branded product portfolio, backed by strong
conceptualization, design, and manufacturing capabilities. On the distribution side, the Company
operates through both B2B and D2C models. Since 2020, Renaissance has launched online stores
through 6 D2C websites to market & supply licensed brands & owned brands.
For further information on the Company, please visit www.renaissanceglobal.com
Snehkumar Purohit Anoop Poojari / Jenny Rose
Renaissance Global Limited CDR India
Tel: +91 96534 84380 Tel: +91 98330 90434 / +91 86899 72124
Email: Snehkumar.purohit@renaissanceglobal.com Email: anoop@cdr-india.com /
jenny@cdr-india.com
DISCLAIMER:
This press release and the following discussion may contain “forward looking statements” by Renaissance Global Limited
(Renaissance or the Company) that are not historical in nature. These forward-looking statements, which may include
statements relating to future results of operations, financial condition, business prospects, plans and objectives, are based on
the current beliefs, assumptions, expectations, estimates, and projections of the management of Renaissance about the
business, industry and markets in which Renaissance operates. These statements are not guarantees of future performance,
and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond Renaissance’s
control and difficult to predict, that could cause actual results, performance or achievements to differ materially from those in
the forward-looking statements. Such statements are not, and should not be construed, as a representation as to future
performance or achievements of Renaissance. In particular, such statements should not be regarded as a projection of future
performance of Renaissance. It should be noted that the actual performance or achievements of Renaissance may vary
significantly from such statements.
Disclaimer
This presentation and the following discussion may contain “forward looking
statements” by Renaissance Global Limited (“Renaissance” or the Company) that
are not historical in nature. These forward-looking statements, which may include
statements relating to future results of operations, financial condition, business
prospects, plans and objectives, are based on the current beliefs, assumptions,
expectations, estimates, and projections of the management of Renaissance
about the business, industry and markets in which Renaissance operates.
These statements are not guarantees of future performance, and are subject to
known and unknown risks, uncertainties, and other factors, some of which are
beyond Renaissance’s control and difficult to predict, that could cause actual
results, performance or achievements to differ materially from those in the
forward-looking statements. Such statements are not, and should not be
construed, as a representation as to future performance or achievements of
Renaissance.
Such statements should not be regarded as a projection of future performance of
Renaissance. It should be noted that the actual performance or achievements of
Renaissance may vary significantly from such statements.
2
Content
Q1 FY23 Company
Annexure
Results Overview Overview
4 15 28
3
Q1 FY23 Financial Summary
Total Income (Rs. Crore) EBITDA (Rs. Crore)
EBITDA
9.9% 7.3%
Margin (%)
37%
2%
575
420
41 42
Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23
PAT (Rs. Crore) EPS[1] (Rs.)
PAT
5.7% 4.2%
Margin (%)
2.52 2.57
2% 2%
23.8 24.2
Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23
[1] After the end of quarter under review, the Company has sub-divided the exiting 1 (one) equity share of face value of ` 10/-each fully paid-up into 5 (five) equity shares of face value of ` 2/-each fully
paid-up with effect from July 20, 2022 (Record Date). The Earning Per Share (EPS) number of the current quarter and all comparative periods presented above have been restated to give effect of such
5
sub-division of equity shares.
Management Message
Commenting on the performance for Q1 FY23, Mr. Sumit Shah –
Chairman and Global CEO, Renaissance Global Limited said,
“We have delivered a healthy top-line performance during the quarter despite a challenging
macro-environment in our key global markets. Our total income growth for Q1FY23 came in at
37% YoY. While the demand environment remained steady, we witnessed some non-linearities
with regards to increased inflationary pressures in key raw materials. These had a bearing on
our margin performance during the quarter. Although we do remain cautious of these
challenges in this fiscal, we expect them to be largely transitory in nature.
Our core branded jewellery business marked strong growth in revenues to the tune of 36% YoY
in Q1 FY23, supported by steady retail consumption. Within this segment, our direct-to-
consumer (D2C) business delivered 63% revenue growth. It also continues to witness a notable
increase in repeat customer wins. Overall, this vertical is a key growth lever for us and we look
forward to strengthening this segment, going forward.
Looking ahead, given the intensifying inflation trend, we anticipate global consumption for
discretionary products to be muted in the near future. However, on a longer-term basis, we are
optimistic about our growth prospects and potential in our international markets such as US,
Europe and UK. There are several growth opportunities in the international branded jewellery
market, and we believe, we are well-positioned to tap upon these given our partnerships with
well-known brands, our significant experience in product conceptualization, our design skills,
and a solid distribution network. Overall, we look forward to delivering healthy and sustainable
growth, going ahead”
6
Growing Direct to Consumer (D2C) Business
During Q1 FY23, the direct-to-consumer business posted revenues of Rs. 40.7 crore compared to Rs. 25.0 crore in Q1 FY22, up by 62.9%
YoY
Based on our estimates of a quarter’s contribution to annual sales, our annual revenue run rate is at Rs. 203.6 crore in Q1 FY23 vs. actual
FY22 revenues of Rs.123.8 crore
D2C business is a high EBITDA margin business with margins in the range of 20-22%
With the growing share of D2C revenues to total revenues Renaissance believe EBITDA margins will show an improving trend
The business enjoys a strong return profile with ROEs in the range of 60-65%
The contribution from repeat customers continues to be on an improving trend, showcasing higher costumer stickiness and brand trust
Quarterly D2C Sales Annual D2C Sales Trend Repeat Customers as a
Trend (Rs. Cr.) % of overall
(Rs. Cr.) customer traffic*
2 Year CAGR: 77% 204 16%
41 124
8%
25
65
Q1 FY21 FY23 FY21 FY21 FY23* FY21 FY22
* Annual Revenue Run Rate * Repeat Customer (%) for the website enchantedfinejewelry.com
Kindly click on the logos above to visit Renaissance’s D2C websites 7
Q1 FY23 Operational Summary
Revenue Break-up Q1 Q1
Revenue Mix (%)
Shift %
(₹ Cr.) FY23 FY22 Plain Gold Customer Brands Branded Jewellery
Branded Jewellery 124.1 91.5 35.6% 22% 22% 23%
- B2B 83.4 66.5 25.3%
- D2C 40.7 25.0 63.1%
68% 71% 70%
Customer brands 392.0 290.7 34.9%
Plain Gold 57.6 27.3 111.1% 10% 7% 7%
Total Revenues 573.8 409.5 40.1%
Q1 FY23 Q1 FY22 FY22
EBITDA Break-Up Q1 FY23 Q1 FY22 Shift YoY Q4FY22 Shift QoQ
EBITDA (₹ Cr) EBITDA (%) EBITDA (₹ Cr) EBITDA (%) EBITDA (₹) EBITDA (₹ Cr) EBITDA (%) EBITDA (₹)
Branded 16.2 13.1% 13.8 15.0% 17.8% 16.2 13.6% -0.1%
- B2B 10.1 12.1% 9.2 13.9% 8.9% 10.8 12.0% -7.0%
- D2C 6.1 15.1% 4.5 18.1% 36.0% 5.4 18.3% 13.9%
Customer brands 22.8 5.8% 26.0 8.9% -12.3% 19.8 5.34% 15.2%
Plain Gold 3.0 5.2% 1.5 5.6% 94.5% 0.8 2.05% 273.9%
Total EBITDA 42.0 7.3% 41.3 10.1% 1.7% 36.8 7.0% 14.1%
8
Q1 FY23: Financial & Operational Discussions (Y-o-Y)
Revenue
Total income stood at Rs. 575.4 crore from Rs. 419.6 crore, higher by 37%
Branded Jewelry business revenues up 36% YoY to Rs. 124.1 crore
D2C business revenues grew by 63% to Rs. 40.7 crore
Revenue share of studded jewellery stood at 90%, with Branded jewellery business contributing 24% of the total studded jewelry
revenues
EBITDA
EBITDAcame in at Rs. 42.0 crore as against Rs. 41.3 crore, up by 1.6%
EBITDA Margins stood at 7.3% as against 9.9%, lower by 276 bps. Non-linearities with regards to increased inflationary pressures in
key raw materials had a bearing on our margin performance during the quarter
Branded business reported 13.1% margins, recording a decrease of 198 bps YoY
D2C business registered 15.1% margins, lower by 300 bps YoY
PAT
PAT stood at Rs. 24.2 crore from Rs. 23.7 crore, higher by 1.8% YoY
9
Robust Free Cash Flow Generation
Free Cash Flow Generation (Rs. Cr.)
87
194
113
66
Strong FCF generation
Branded Jewellery - a low capital- -351
intensive business
FY19 FY20 FY21 FY22 TTM June 22
Operating leverage & minimal capex
spends to further improve FCF
generation, going ahead Cash, Cash Equivalents & Current Investments (Rs. Cr.)
282
Cash balances to be strategically 245
utilized to create shareholder value 209
152
57
FY19 FY20 FY21 FY22 As on June 22
10
Strong Balance Sheet
Leverage
Net Debt (Rs. Cr.) Equity (Rs. Cr.) Net debt/Equity (X)
0.76
0.52
Highly disciplined balance sheet
0.34
0.29 0.30
approach 665
699
843 924 929
503
Increase in capital deployment due to 364 242 280 318
higher business YoY reflecting in
FY19 FY20 FY21 FY22 TTM June 22
higher equity & debt.
Working Capital
Net Debt to Equity ratio as of
Payable (Rs. Cr.) Receivable (Rs. Cr.) Inventory (Rs. Cr.) NWC (Days)
June 2022 continues to be at
250
0.34 vs 0.30 in March 2022
194 189 174
179 200
Strict control over working capital 157
154
reflected in NWC days falling from 150
214* to 174 days 904
1,016 818 845 987 940 100
373 405 380 380 447 542
50
-293 -260 -250 -323
-147 -145
Total NWC (₹ Cr) 1,096 1,076 1,080 1,106 1,137 1,123 -
FY19 FY20 FY21 TTM June 21 FY22 TTM June 22
* Net WorkingCycledaysis not comparabletoprevious periods duetorecent changeinrevenuerecognitionpolicyinthePlainGoldDivisionduetowhich, Renaissanceis now
recognizingonlymakingchargesasrevenueforthisgolddivision.ThiswillmeaningfullyreducethereportedrevenuesofthecompanyleadingtoahigherNWCdaysnumber.Onalik1e1
tolikebasisrevenuerecognitiontheNWCcyclehasimprovedfrom214daysasonJune21to174daysinJune22.
Healthy Return Ratios
ROE ROE (Adjusted for Cash & Current Investments)
18.9%
17.6% 17.1% 16.6%
8.8%
Q1 FY23 Return on Equity continues to be 12.9% 13.5% 12.0% 12.1%
at 12.1% vs 12.0% for FY22. It is as high
6.0%
as 16.6% without considering cash &
FY19 FY20 FY21 FY22 TTM June 22
current investments.
Branded business enjoys ROEs in the
range of 22-25%. D2C business enjoys Return on Capital Employed (%)
even higher ROEs
As contribution from branded business 13.2% 13.2%
10.8%
increases, margin and return ratio profile is 9.9%
expected to sustainably improve, going 6.7%
forward.
FY19 FY20 FY21 FY22 TTM June 22
12
Consolidated Profit & Loss Statement
Y-o-Y Y-o-Y
Particulars (Rs. Crore) Q1 FY23 Q1 FY22 FY22 FY21
Change (%) Change (%)
Revenues from Operations 573.8 409.5 40.1% 2,189.8 2,031.2 7.8%
Other Income 1.6 10.1 -83.8% 18.9 16.1 17.4%
Total Income 575.4 419.6 37.1% 2,208.7 2,047.4 7.9%
COGS 432.8 282.9 53.0% 1,610.3 1,658.5 -2.9%
Gross Profit 142.6 136.7 4.3% 598.5 388.9 53.9%
Gross Margin (%) 24.8% 32.6% -779 bps 27.1% 19.0% 810 bps
Employee Expenses 27.5 26.0 5.9% 100.7 69.86 44.1%
Advertisement & Sales Promotion Expenses 14.3 8.6 66.9% 79.5 49.8 59.6%
Other Expenses 58.7 60.7 -3.3% 217.7 153.6 41.7%
EBITDA 42.0 41.3 1.6% 200.5 115.6 73.5%
EBITDA Margin (%) 7.3% 9.9% -255 bps 9.1% 5.6% 343 bps
Depreciation and Amortization 2.8 4.8 -41.3% 17.9 31.4 -42.8%
Amortization of Right of use assets 5.0 2.8 79.7% 17.1 10.7 59.9%
Finance Costs 6.8 5.2 31.6% 24.4 25.0 -2.5%
Interest on Leases 1.5 0.6 168.4% 4.6 1.7 165.9%
PBT 25.8 28.0 -7.9% 136.5 59.2 130.4%
Tax expense 1.6 4.2 -62.8% 30.0 12.98 131.3%
PAT before discontinued operations 24.2 23.8 1.8% 106.5 46.3 130.1%
PAT Margin (%) 4.2% 5.7% -146 bps 4.8% 2.3% 256 bps
Profit/(Loss) on discontinued Operations 0.0 -0.1 - -4.0
PAT after discontinued operations 24.2 23.7 2.0% 106.5 42.3 151.8%
EPS[1] (Rs.)
2.57 2.52 11.28 3.58
[1] After the end of quarter under review, the Company has sub-divided the exiting 1 (one) equity share of face value of ` 10/-each fully paid-up into 5 (five) equity shares of face value of ` 2/-each fully
paid-up with effect from July 20, 2022 (Record Date). The Earning Per Share (EPS) number of the current quarter and all comparative periods presented above have been restated to give effect of such
13
sub-division of equity shares.
Consolidated Balance Sheet
Particulars (Rs. Crore) June 2022 June 2021 Particulars (Rs. Crore) June 2022 June 2021
Shareholder's Funds 929.1 860.5 Non-Current Assets
Equity Share Capital 18.9 18.7
Fixed Assets – Tangible & Intangible [2] 224.2 76.1
Reserves & Surplus 910.1 841.6
CWIP & Intangibles under development 19.3 0.7
Minority Interest 0.2 0.2 Other Non Current Assets 30.7 18.9
Deferred Tax Assets (Net) 29.9 29.8
Non-Current Liabilities
Borrowings 50.9 21.9
Other Financial Liabilities 0.6 69.1
Current Assets
Long Term Provisions 1.6 2.5
Current Investments 107.56 166.1
Other Non-Current Liabilities [1] 136.5 15.1
Inventories 903.8 986.5
Trade Receivables 541.8 380.2
Current Liabilities
Cash & Bank Balances 101.0 90.2
Income Tax Liabilities (net) - -
Cash in Short Term Investments 0.4 0.0
Short Term Borrowings 476.1 452.0
Short Term Loans & Advances 2.3 2.2
Trade Payables 322.8 260.1
Other Financial Liabilities 69.7 62.7 Other Current Assets 57.7 36.8
Other Current Liabilities 29.0 42.1
Short Term Provisions 2.2 1.7 Asset Classified for Sale - 0.4
Total Equity & Liabilities 2,018.5 1,787.7 Total Assets 2,018.5 1,787.7
1. Lease liability reclassified as Other Non-Current Liabilities from Other Financial Liabilities.
14
2. Fixed Assets include Right of Use Asset of ₹140.7cr as on June 2022 and ₹23.9cr as on June 2021.
Corporate Snapshot
Global Jewellery Company focused on
4 6 560 cr
designing, manufacturing and distribution of
branded jewellery
Licensing Direct-to- Annualized
agreements with Consumer Branded jewellery
global brands websites revenues (Rs.)
Strong presence in global markets of North based on Q1 FY23
America, Europe & Asia
13% 0.34
Licensing agreements with large globally-
recognized brands
Branded jewellery Net debt to equity
EBITDA margins in as on June 30,
Q1 FY23 2022
Product portfolio across branded jewellery,
customer brands & plain gold jewellery
1166
Building a Global Branded Jewellery Business
Growing revenue contribution
from Branded Jewellery
Association with globally-recognized brands segment
23%
Increased presence in high-potential key global
18%
markets
Renaissance’s
Branded 13%
Jewellery Better pricing on the back of branded products
10%
Segment:
Key Attributes
Low capital-intensive business segment
2%
Higher margins & superior return ratios
FY18 FY19 FY20 FY21 FY22
Endeavour to achieve ~50% sales from Branded Jewellery segment over the next 3-4
years
20
Branded Jewellery Business Model
Brands
Design &
Conceptualisation State-of-the-Art
Manufacturing
& Product Manufacturing
Development Facilities
Business-to-
Distribution Direct-to-
Business
Consumer (D2C)
(B2B)
18
‘Win-Win’ Partnership with Global Iconic Brands
Renaissance Global Global Brands
PUSH STRATEGY PULL STRATEGY
Conceptualisation & design Licensing agreements Brand development
Manufacturing IP rights of brands
Long-term license contracts
Product marketing Marketing
Specific products license
Distribution Brand management
exclusivity
Strategic & mutually-synergistic partnerships with internationally-recognized brands
19
Growing Portfolio of Brands
Licensed Brands
Partnership with Hallmark since 2015
Licensing arrangement with Disney since 2016 with the
launch of Enchanted Disney Fine jewellery
Success of brand unlocked more licensing
opportunities
Launched Disney Jewels in October 2019 & Disney
Treasures in February 2020
Licensing agreement with Lucasfilm with the launch of Star
Wars collection in November 2020
Licensing agreement with NFL Properties LLC in January
2022 with the launch of NFL-inspired unique jewellery in
USA
Building a strong portfolio of licensed and owned brands
20
Growing Portfolio of Brands
Owned Brands
Launched first India-focused retail brand IRASVA in 2019
Operates 3 IRASVA stores in India
Jewelili, a play on affordable fine jewellery collection
launched in February 2020
Distributed through Amazon platform in addition to its
own website
Made for You - Lab-grown diamond jewellery launched in
November 2020
Focused on North American markets
Building a strong portfolio of licensed and owned brands
21
Establishing High-Potential D2C Division
Launch Timeline
June February November November February May
2019 2020 2020 2020 2021 2021
Successfully developed
and launched 6 online
stores in a span of 27
months
Segment enjoys higher
margins and healthy
working capital cycle
KINDLY CLICK ON THE LOGOS TO VISIT RENAISSANCE’S D2C WEBSITES
D2C business expected to be a major growth driver
22
Growth Drivers
Growing high-margin
branded jewellery
segment
Extending licensing
model to newer brands
Increasing use of lab-grown
diamonds to prioritize focus on
sustainability
Widening Omni-channel
distribution network
Inorganic growth
opportunities
23
Conclusion
Play on high-potential global branded
jewellery industry
‘Win-Win’ partnership with global iconic brands
Footprint in huge developed & developing
global markets for branded jewellery
Increasing scale to drive operating
leverage across distribution
channels
High margin & low-capital intensive branded
jewellery model to support healthy free cash
generation
Prudent capital allocation with focus on
creating sustainable shareholder value
24
ESG Initiatives
ENVIRONMENT SOCIAL
To achieve safety, health Renaissance’s CSR POLICY
and environmental covers projects through NGOs
excellence in all aspects of under:
business activities
Medical, Health Care and
During the quarter Social Welfare
Q1FY23, Renaissance
Educational
Global Ltd. has been
awarded the ISO Humanitarian
14001:2015 standard Environmental, Animal
certificate Welfare, Cultural and
Religious
For FY2021-22, Renaissance
spent Rs.1.22 crore towards
CSR & other social activities
GOVERNANCE
To achieve the highest levels of transparency, accountability and
equity in all spheres of operations
Company has adopted various codes and policies to carry out
business in an ethical manner
Renaissance is a member of the Responsible Jewellery Council
(RJC), a non-profit standard setting and certification global
organisation
Being a member, Company is committed to and is independently audited
against the RJC Code of Practices, an international standard on
responsible practices for the jewelleryindustry 26
Corporate Social Responsibility
ENVIRONMENTAL,
MEDICAL, HEALTH CARE AND
EDUCATIONAL HUMANITARIAN ANIMAL WELFARE,
SOCIAL WELFARE
CULTURAL & RELIGIOUS
Partnered with the Under the Each One Teach One Initiative (EOTO), Donated during natural Actively contributes to
Bhaktivedanta Hospital by Renaissance adopted the Kamalaben Jogani High disasters like floods, Shree Patan Panjrapole
establishing a mammography School at Bhopoli in Palghar district of Maharashtra famines, earthquakes, in Patan, Gujarat which
unit, providing five Dialysis
through the Sarnast works to enrich the life
Machines and a ‘Mobile Clinic Employees visit regularly and teach students various
Mahajan trust of handicapped and
for Cancer Detection’ non-academic activities like football, self-defence,
weak animals
Tai-chi Yoga, chess, drawing and craft Donated to the
In FY 2021-22, a donation
Maharashtra Drought
of Rs. 90 Lakh was made Employees have coached over 250 students
relief fund, Nepal
towards this initiative over a period of 4 years
Earthquake Relief and
Contributed towards building Work with lsha Foundation to provide education Uttarakhand Flood Relief
Shrimad Rajchandra Hospital facilities to the underprivileged children, helped build
in Dharampur, Gujarat under a classroom for students and donated a school bus
the Shrimad Rajchandra to the foundation
Mission
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Market Snapshot
Shareholding Pattern*
Promoter & Promoter Group 70.6%
Foreign Institutions (FPI, FII &
2.5%
NRI)
Individual - >1% 3.8%
Others 23.1%
*Holding as on 30thJune 2022
As on 30-June-2022
Key Market Statistics
(Adjusted for Split)
BSE/NSE Ticker 532923/RGL
CMP (Rs) 115.8
Market Cap (Rs Crore) 1,099.20
Number of outstanding shares (Crore) 9.44
Face Value 2.00
52-week High / Low (Rs) 218.0/107.3
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Conference Call Details
Q1 FY2023 Earnings Conference Call
Time • 02:00 p.m. IST on Wednesday, August 10, 2022
To enable participants to connect to the conference call
Pre-registration
without having to wait for an operator, please register at the
below mentioned link:
Primary dial-in number • + 91 22 6280 1141 / 7115 8042
• Hong Kong: 800 964 448
International Toll-Free
• Singapore: 800 101 2045
Number
• UK: 0 808 101 1573
• USA: 1 866 746 2133
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About Us
Renaissance Global Limited (Renaissance) is a global branded jewellery player.
Renaissance designs, manufactures and supplies branded jewellery across key high-
potential markets in USA, Canada, UK & key Asian markets. The product portfolio
encompasses Branded Jewellery, Customer Brands & Plain Gold Jewellery segments,
with strong focus on Branded Jewellery division.
The Company has a growing portfolio of brands under licensed and owned segments. It
holds synergistic licensing agreements with large global brands, such as Disney,
Hallmark, and NFL. Under its owned segment, it has a portfolio of brands such as Irasva,
Jewelili and Made For You. Over the years, Renaissance has successfully expanded its
branded product portfolio, backed by strong conceptualization, design, and
manufacturing capabilities. On the distribution side, the Company operates through both
B2B and D2C models. Since 2020, Renaissance has launched online stores through 6
D2C websites to market & supply licensed brands & owned brands.
For further information, please contact:
Snehkumar Purohit Anoop Poojari / Jenny Rose
Renaissance Global Limited CDR India
Tel: +91 96534 84380 Tel: +91 98330 90434 / 86899 72124
Email: Email:
Snehkumar.purohit@renaissanceglobal.com anoop@cdr-india.com / jenny@cdr-india.com
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