Renaissance Global Limited · NSE:RGL
Renaissance Global — Q2 FY27 Earnings Presentation
37 slides from Renaissance Global's earnings presentation, Nov 6, 2026
Slide 1: Exchange cover letter for earnings presentation
Ref. No.: RGL/S&L/2026/182 November 6, 2026 BSE 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, Mumbai – 400 001 Bandra (East), Mumbai - 400 051 Scrip code: 532923 Symbol: RGL
Slide 2: Renaissance Global Limited Earnings Presentation Q2 & H1FY27
Renaissance Global Limited Earnings Presentation | Q2 & H1FY27
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Renaissance Global Ltd (the “Company’), solely for information purposes and do not constitute any offer, recommendation, or invitation to purchase or subscribe for any securities, and shall no
Slide 4: Table of Contents
Table of Contents 01 02 03 Strategic Priorities Prioritising High-Growth, Working Capital High-Margin D2C Business Efficiency 04 05 06 Growth Plan Q2 & H1FY27 Company Overview Financial Snapshot 3
Slide 5: Shifting gears towards 2030
Shifting gears towards 2030 Prioritising High-Growth, Improved Working Capital Growth financed entirely High-Margin D2C Business Efficiency through internal accruals By FY27 target to expand Jean Focused on Optimising Working Targeting Debt Reduction to Douseet boutiques to 8 Capital to 180 Days ~₹
Slide 6: What we have delivered till H1 FY27
What we have delivered till H1 FY27 Jean Dousset Scaling the Working Capital Cash flow from operations & Retail Footprint Owned brands Net Debt reduction 4 Operating Stores Revenue +33%, Working capital cycle TTM Cash flow from operations: ₹ 280 Cr EBITDA +57% reduced by 54 days TTM Free Cash Flow:
Slide 7: Prioritising High-Growth, High-Margin D2C Business
Prioritising High- Growth, High-Margin D2C Business
Slide 8: Our D2C Brand Portfolio
Our D2C Brand Portfolio STRATEGIC FOCUS | Jean Dousset + WithClarity + Disney License as global growth brands Owned Brands Licenced Brands JEAN DOUSSET WITH CLARITY Enchanted Disney ULTRA-PREMIUM • LAB-GROWN DIAMONDS DIGITAL-FIRST • PERSONALISATION ICONIC CHARACTERS • STORYTELLING-LED FINE JEWELLERY
Slide 9: Owned brands emerging as a high-growth, high-value business
Owned brands Emerging as a High-Growth, High-Value Business Owned-brands revenue, ₹ Cr Q2 FY27 revenue Q2 FY27 EBITDA 375 ₹83.2 Cr ₹12.1 Cr +65.7% p.a. 288 +39% from ₹60.0 cr of Q2 FY26; +67% from ₹7.2 Cr of Q2 FY26; Margin 14.6%, from 12.1% 213 187 151 Share of group revenue Share of group EBITDA 1
Slide 10: Owned brands leads on growth and margins
Owned brands leads on growth and margins Revenue, ₹ Cr Segment Q2 FY27 Q2 FY26 YoY H1 FY27 H1 FY26 YoY Owned brands 83.2 60.0 38.6% 171.7 128.8 33.4% Licensed brands 45.6 55.0 -17.1% 118.4 123.0 -3.8% Customer brands 510.5 416.5 22.6% 1039.1 810.1 28.3% Revenue excluding bullion 639.3 531.6 20.3% 13
Slide 11: Improved Working Capital Efficiency
Improved Working Capital Efficiency
Slide 12: Working-capital cycle 54 days shorter than a year ago
Working-capital cycle 54 days shorter than a year ago Net working-capital days, on trailing twelve-month sales Receivable days -21 days Sep-25 → Sep-26 128 → 107 Receivables ₹830 Cr, up only 4% on sales up 24% 262 233 208 Inventory days -32 days Sep-25 → Sep-26 167 → 134 Inventory ₹1,043 Cr, 7 Cr lo
Slide 13: Highest ever cash flow from operations
Highest ever cash flow from operations Net cash from operating activities by financial year, ₹ Cr 280 TTM Cash from Operations : ₹280 Cr Surpassing the previous peak of ₹229 Cr recorded in FY23, 229 202 TTM Free cash flow : ₹204 Cr After ₹51 Cr of interest and ₹25 Cr of capex; 117 86 54 H1 FY27 Cash
Slide 14: Lowest ever net debt
Lowest ever net debt Net debt, ₹ Cr 343 317 322 328 Net debt, year on year 251 267 ₹144 Cr 199 − 42% YoY Three-year view ₹317 Cr → ₹199 Cr Gross debt of ₹582 Cr of which 91% is short-term trade finance Sep-23 Mar-24 Sep-24 Mar-25 Sep-25 Mar-26 Sep-26 Net Debt to Equity 0.29x 0.28x 0.27x 0.18x 0.24x
Slide 15: Cash and investments up ₹160 Cr
Cash and investments up ₹160 Cr Cash and investments, year on year Cash, bank balances and investments at reporting dates, ₹ Cr 383 ₹160 Cr +72% YoY 265 244 223 223 Of which investments ₹275 Cr versus ₹129 Cr a year ago Cash & balance cover of gross debt Sep-24 Mar-25 Sep-25 Mar-26 Sep-26 66% Invest
Slide 16: Growth financed entirely through internal accruals
Growth financed Entirely through Internal Accruals
Slide 17: Jean Dousset | Expanding Its US Boutique Footprint
Jean Dousset | Expanding Its US Boutique Footprint Los Angeles Westfield Valley Fair Soho, New York Boston, Newbury Street Drivers of Boutique LOCATION FOOTFALL TICKET SIZE OMNICHANNEL PAYBACK Performance Premium sites in key markets Target luxury customer Highest in luxury lab grown Digital-to-stor
Slide 18: Each boutique pays back its capital in about a year
Each boutique pays back its capital in about a year Capital employed per boutique, US$ Fit-out and fixtures ~0.5M implied by ~US$50k p.a. store depreciation over a 10-year life Boutique inventory ~0.4M 55 days of sales — bespoke pieces are made to order, display stock is curated Capital per boutique
Slide 19: Four boutiques trading, eight by the end of FY27
Four boutiques trading, eight by the end of FY27 4 Boutiques open 4 Boutiques opening in the next five months 8 Boutiques FY27 by end of Boutique Location Status Los Angeles West Hollywood, CA Open New York SoHo, Mercer Street Open San Francisco Bay Area Westfield Valley Fair, Santa Clara Open Bosto
Slide 20: Licensed & Customer Brands
Licensed & Customer Brands LICENSED BRANDS CUSTOMER BRANDS Turns globally recognised entertainment and lifestyle franchises into Creates jewellery tailored to each customer’s brand identity, target differentiated jewellery collections consumer, price point and merchandising requirements Current Stra
Slide 21: Disney – Licensed Business
Disney – Licensed Business Disney Princess Disney Villain Disney Jewels Star Wars Disney Princess Characters, Frozen and Disney Villain Character-Inspired Diamond Explore diamond and gemstone fine Fine jewellery that transforms the spirit of a Disney Fairies and Gemstone Jewellery jewellery inspired
Slide 22: Q2 & H1FY27 Financial Snapshot
Q2 & H1FY27 Financial Snapshot
Slide 23: Management Commentary about the Result
Management Commentary about the Result Commenting on the performance, Mr. Sumit Shah – Chairman and Global CEO, Renaissance Global Limited said: “Our direct-to-consumer brands, With Clarity and Jean Dousset, are now the fastest-growing and most profitable part of the group. In Q2, owned-brand revenu
Slide 24: Brands growing faster, balance sheet getting lighter
Brands growing faster, balance sheet getting lighter Revenue, excluding bullion EBITDA Profit after tax ₹639 Cr ₹51 Cr ₹26 Cr Up 20% YoY; total revenue ₹696 cr, up 27% Up 19% YoY; margin 8.1% of revenue excluding bullion, Up 28% YoY; profit before tax ₹32 cr, up 35% Cash and investments Working-capi
Slide 25: Q2 and H1 FY27: Highlights
Q2 and H1 FY27: Highlights Revenue, ex-bullion EBITDA Profit before tax Profit after tax ₹639 cr ₹51 cr ₹32 cr ₹26 cr +20% year on year +19%; Margin 8.1% +35% from ₹23.7 cr +28% from ₹20.2 cr ₹ crore Q2 FY27 Q2 FY26 YoY H1 FY27 H1 FY26 YoY Revenue excluding bullion 639.3 531.6 20% 1329.2 1061.9 25%
Slide 26: Q2 & H1FY27 Performance Highlights
Q2 & H1FY27 Performance Highlights In Crs Revenue from Operations (excluding bullion) EBITDA & EBITDA Margin % 8.1% 8.1% 7.9% 7.6% +25% +21% 1,329.2 1,061.9 101.2 +20% +19% 84.0 639.3 51.5 531.6 43.1 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 PBT & PBT Margin % EPS (₹) 4.4% 5.0%
Slide 27: Q2 FY27 Segmental Revenue
Q2 FY27 Segmental Revenue In Crs Owned Brands Customer Brands Licensed Brands Revenue Revenue Revenue +39% +23% -17% 55.0 83.2 510.5 416.5 45.6 60.0 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 EBITDA EBITDA EBITDA 12.1% 14.6% 6.8% 6.4% 14.0% 15.2% +67% +15% -10% 12.1 32.4 7.7 28.2 6.9 7.2 Q2 FY2
Slide 28: Q2 & H1FY27 Consolidated Profit & Loss Statement
Q2 & H1FY27 Consolidated Profit & Loss Statement Profit & Loss Statement (₹ Cr) Q2 FY27 Q2 FY26 Y-o-Y Q1 FY27 Q-o-Q H1 FY27 H1 FY26 Y-o-Y Revenue from Operations 694.2 546.4 27.1% 780.4 -11.0% 1474.7 1076.7 37.0% Other Income 1.6 2.5 8.8 10.3 7.1 Total Income 695.8 548.9 26.8% 789.2 -11.8% 1485.0 10
Slide 29: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs. in Cr) H1FY27 H1FY26 Particulars (Rs. in Cr) H1 FY27 H1FY26 ASSETS EQUITY AND LIABILITIES Non-Current Assets Shareholder's Funds 1,612.8 1,478.2 Equity Share Capital 21.5 21.5 Property, plant and equipment 319.2 301.3 Reserves & Surplus 1,556.2 1,423.1 Cap
Slide 30: Company Overview
Company Overview
Slide 31: Company At a Glance
Company At a Glance Building a Global Jewellery Platform Through Brands, Innovation and D2C Growth 01 02 Export-Led Global Established Legacy Presence 31 years of rich legacy Exports contributed 82% in the jewellery industry of the Company’s total turnover, with presence in USA, UK, UAE and India 03
Slide 32: Our Journey So Far
Our Journey So Far First Acquisition: Licensed Brands Begin: Jean Dousset: Acquires Mayur Gem and Acquires Jay Gems Inc., USA Makes a strategic Jewellery Export Pvt. Ltd. and becomes a Disney investment in Jean Dousset licensee. Jewelry LLC, a renowned luxury D2C brand. 1995 2007 2018 2022 2025 2026
Slide 33: One Integrated Platform. Two Distinct Business Models.
One Integrated Platform. Two Distinct Business Models. Leveraging integrated design, manufacturing and global distribution capabilities to serve leading brands, retailers and consumers Consumer & Retailer Design & Product Sourcing & Quality Assurance Distribution & 1 2 3 4 5 Insights Development Man
Slide 34: Brand Portfolio
Brand Portfolio OWNED BRANDS LICENSED BRAND CUSTOMER BRANDS | OEM & PRIVATE LABEL D2C B2B & D2C JEAN DOUSSET WITH CLARITY NEW YORK Primary licensed-brand focus under the House of Disney Global Retail & Jewellery Partners US-based US-based Online and Shop in Shop Within IRASAVA OEM MANUFACTURING Luxu
Slide 35: Global Footprint
Global Footprint LONDON | UK Verigold Jewellery UK Ltd – Sales Office NEW YORK | USA Renaissance Jewelry NY Inc. – Sales Office Jay Gems Inc. - Sales Office Renaissance Global Brands Inc. – Sales Office MUMBAI | INDIA Renaissance Global Ltd. – Manufacturing Facility DUBAI | UAE Verigold Jewellery FZ
Slide 36: Board of Directors
Board of Directors Niranjan A. Shah Sumit N. Shah Darshil A. Shah Manta Emeritus Chairman Nehra Chairman and Global CEO Managing Director XXXXXXXXXXXX t is a long Emeritus withestablished over 43 years factofthat a reader in experience willthe beGems After obtaining a degree in Finance from the US,
Slide 37: Thank You
COMPANY : Renaissance Global Ltd CIN: L36911MH1989PLC054498 Mr. Vishal Dhokar Company Secretary E-mail: investors@renaissanceglobal.com Website: www.renaissanceglobal.com INVESTOR RELATIONS ADVISORS : Cygnus Partners Private Limited Ms. Mamta Nehra Mamta.nehra@cygnuspartners.in Ms. Pooja Swami pooja