Renaissance Global soars after D2C biz Q1 revenue jumps 63% YoY

4 Jul 2022 , 12:38 PM

The D2C business had recorded revenues of Rs 25 crore in Q1 FY22. Based on our estimates of a quarters 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 company said in a statement. It further stated that the direct-to-consumer 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, the company is confident of its EBITDA margins showing an improving trend, going forward. 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 companys consolidated net profit rose 39.33% to Rs 21.15 crore despite a 9.20% decline in sales to Rs 529.28 crore in Q4 FY22 over Q4 FY21. Powered by Capital Market – Live News