Renaissance Global Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Renaissance Global Ltd filed with BSE on 04 Jun 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Renaissance Global reported FY26 revenue growth of 29% year-over-year to INR2,572 crores, with EBITDA up 22% to INR204 crores and adjusted PAT up 36% to INR100 crores. Management highlighted continued expansion of the Jean Dousset luxury jewelry brand in the US, debt reduction of approximately INR123 crores during Q4, and improvements in working capital metrics including debtor and inventory days. The company discussed plans to open four additional Jean Dousset stores and grow its US direct-to-consumer business in FY27.
Numbers mentioned
Revenue: INR2,572 crores (FY26)
p. 3
“our revenue grew by 29% year-over-year to INR2,572 crores”
Sumit Shah, page 3 of the filed PDF · View the filing
EBITDA: INR204 crores (FY26)
p. 3
“EBITDA increased by 22% to INR204 crores”
Sumit Shah, page 3 of the filed PDF · View the filing
Profit after tax before exceptional items: INR100 crores (FY26)
p. 3
“Profit after tax before exceptional items grew by 36% to INR100 crores”
Sumit Shah, page 3 of the filed PDF · View the filing
Annual cost savings: INR40 crores (FY26)
p. 3
“we achieved approximately INR40 crores in annual cost savings”
Sumit Shah, page 3 of the filed PDF · View the filing
Gross debt reduction: INR123 crores (Q4 FY26)
p. 3
“we reduced our gross debt by approximately INR123 crores through improved working capital management”
Sumit Shah, page 3 of the filed PDF · View the filing
Revenue before bullion sales: INR686 crores (Q4 FY26)
p. 5
“our revenue before bullion sales grew by 33% year-on-year to INR686 crores”
Darshil Shah, page 5 of the filed PDF · View the filing
EBITDA: INR57 crores (Q4 FY26)
p. 5
“EBITDA growing by 40% to INR57 crores”
Darshil Shah, page 5 of the filed PDF · View the filing
PBT before exceptional items: INR36.5 crores (Q4 FY26)
p. 5
“PBT before exceptional items grew sharply by 83% in Q4 to reach INR36.5 crores”
Darshil Shah, page 5 of the filed PDF · View the filing
PBT before exceptional items: INR124 crores (FY26)
p. 5
“PBT before exceptional items grew 45% for the full year to reach INR124 crores”
Darshil Shah, page 5 of the filed PDF · View the filing
US D2C revenue: INR275 crores (FY26)
p. 5
“Our U.S. D2C revenues grew by a strong 44% to reach INR275 crores for the full year”
Darshil Shah, page 5 of the filed PDF · View the filing
US D2C EBITDA margin: 12.6% (FY26)
p. 5
“reaching a very impressive 12.6% for FY26 versus 11.3% for FY25”
Darshil Shah, page 5 of the filed PDF · View the filing
Debtor days: 109 days (FY26)
p. 5
“Debtor days reduced from 124 days to 109 days”
Darshil Shah, page 5 of the filed PDF · View the filing
Inventory days: 122 days (FY26)
p. 5
“inventory days came down significantly from 169 days to 122 days”
Darshil Shah, page 5 of the filed PDF · View the filing
Net debt: INR200 crores (current)
p. 6
“Currently, the company's net debt is around INR 200 crores and capital is INR 1,550 crores”
Sumit Shah, page 6 of the filed PDF · View the filing
Jean Dousset store annual sales: INR30 crores to INR35 crores
p. 4
“Each existing Jean Dousset store generates between INR30 crores and INR35 crores in annual sales depending on the location”
Sumit Shah, page 4 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
US direct-to-consumer revenue — INR375 crores · FY27
stated conditionally by Sumit Shah
p. 4
“we expect our U.S. directto-consumer revenues to organically grow between 35% to 40% this year to INR375 crores by end of FY '27”
Sumit Shah, page 4 of the filed PDF · View the filing
Profitability growth — 20% to 30% · coming year
stated firmly by Sumit Shah
p. 4
“We expect strong growth in profitability in the coming year in the range of 20% to 30%, supported by our increasing contribution from our direct-to-consumer segment and improving efficiencies”
Sumit Shah, page 4 of the filed PDF · View the filing
Direct-to-consumer brand revenue — INR1,000 crores · FY29
stated as an aspiration by Sumit Shah
p. 4
“Our ambition is to build a INR1,000 crores direct-to-consumer brand by FY29, supported by continued expansion of Jean Dousset and growth across our various other brands”
Sumit Shah, page 4 of the filed PDF · View the filing
Jean Dousset store expansion — 4 additional stores · FY27
stated firmly by Sumit Shah
p. 4
“we are now preparing for the next phase of retail expansion with plans to open 4 additional stores across key metropolitan luxury markets in the U.S.”
Sumit Shah, page 4 of the filed PDF · View the filing
Net debt position — zero net debt · next 12 to 24 months
stated conditionally by Sumit Shah
p. 8
“the current priority is to continue to grow the company and become zero net debt, which we expect in the next 12 to 24 months, we will get there”
Sumit Shah, page 8 of the filed PDF · View the filing
Profitability growth — 25% to 30% each year · next 2 to 3 years
stated as an aspiration by Sumit Shah
p. 8
“Our goal is to increase profitability by 25% to 30% each year for the next 2 to 3 years”
Sumit Shah, page 8 of the filed PDF · View the filing
Dividend distribution
stated conditionally by Sumit Shah
p. 7
“once we get to a zero net debt position, we would commence a dividend distribution for the shareholders”
Sumit Shah, page 7 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management stated net debt is around INR200 crores with no specific zero-debt target since debt is already low.
Answered by Sumit Shah
Asked by Ashish: When will Renaissance Global become debt-free and what is the current debt on the books?
p. 6
“Currently, the company's net debt is around INR 200 crores and capital is INR 1,550 crores. So our net debtto-equity is 0.15% to 0.2%.”
Sumit Shah, page 6 of the filed PDF · View the filing
Management expects strong business growth driven by the D2C business, with profit growth of 20-30%.
Answered by Sumit Shah
Asked by Ashish: How will growth be in the US and European markets over the next one or two years?
p. 6
“We expect very strong business growth this year because our D2C business is quite strong. We expect profit growth in the range of 20% to 30% this year.”
Sumit Shah, page 6 of the filed PDF · View the filing
Management said no dividend this year as priority is growth investment and debt repayment, with dividends to follow once net debt reaches zero.
Answered by Sumit Shah
Asked by Sameer Vaid: Are dividends planned for shareholders given the current profits?
p. 7
“for the current year, we've decided not to distribute a dividend because I think the current priority is investing in the growth of the business.”
Sumit Shah, page 7 of the filed PDF · View the filing
Management said existing stores contribute meaningfully to profits and plans are to open four more stores in the current year, reaching six locations by end of FY27.
Answered by Sumit Shah
Asked by Divyansh Thakur: How is the Jean Dousset expansion progressing and what is the outlook for that market?
p. 8
“the plan really is to open 4 stores in the current year in 4 major metropolitan areas. So at the end of FY27, we should be at 6 locations.”
Sumit Shah, page 8 of the filed PDF · View the filing
Management explained input costs in USD act as a natural hedge, with forward contracts used for INR exposure.
Answered by Darshil Shah
Asked by Divyansh Thakur: How does the company hedge currency exposure given revenue is mostly from outside India?
p. 9
“we take forward contracts with banks to the extent of our INR exposure. So at any given point of time, we are more or less completely hedged as far as exposure to currency markets is concerned.”
Darshil Shah, page 9 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.