2025-04-08 19:05:03
Latest Post
Godrej Properties delivers its highest ever quarterly and full year bookings
Poonawalla Fincorp Launches Shopkeeper Loan Business
Revolt Motors Expands to 200 Dealerships, Targets 400 by FY26
Sobha Ltd - Real Estate Operational Update - Q4 FY 2024-25
Lemon Tree Hotels signs a new property in DarjeelingStock Report
Renaissance Global Limited - Q2 FY22 Direct-to-Consumer Business Update
Posted On : 2021-10-06 12:57:38( TIMEZONE : IST )
Renaissance Global Limited currently runs six direct-to-consumer websites which have been launched over the last six quarters. Please find below a link to each of our six websites:
- https://www.enchantedfinejewelry.com/
- https://enchantedfinejewelry.co.uk/
- https://starwarsfinejewelry.com/
- https://www.hallmarkdiamondscollection.com/
- https://www.jewelili.com/
- https://diamondsmadeforyou.com/
During Q2 FY22, our direct-to-consumer business posted revenues of ₹ 20.4 crores compared to ₹ 8.9 crores in Q2 FY21, showing a growth of 129%. Q2 FY22 revenue was lower than Q1 FY22 as Mother's Day Holiday fell during Q1 FY22 and there were no major sales opportunities in Q2 FY22. Based on our estimates of a quarter's contribution to annual sales, our annual revenue run rate is at ₹ 122.5 crores in H1 FY22 vs. actual FY21 revenues of ₹ 64.9 crores.
The Direct-to-consumer business is a high EBITDA margin business with margins in the range of 20-22%. With the growing share of our direct-to-consumer revenues to total revenues we believe our EBITDA margins will show an improving trend. We further plan to strengthen our direct-to-consumer business with the launch of websites for Disney Jewels in FY22.
Shares of Renaissance Global Limited was last trading in BSE at Rs. 790.70 as compared to the previous close of Rs. 792.95 .The total number of shares traded during the day was 12167 in over 689 trades.
The stock hit an intraday high of Rs. 806.00 and intraday low of 790.00.The net turnover during the day was Rs. 9685278.00.
Shares of Renaissance Global Limited was last trading in NSE at Rs. 791.80 as compared to the previous close of Rs. 797.30. The total number of shares traded during the day was 33578 in over 1258 trades.
The stock hit an intraday high of Rs. 804.90 and intraday low of 788.95. The total traded value during the day was Rs. 26763922.20.
