Renaissance Global Limited (Renaissance) a global branded jewellery player, has announced the quarterly update on its direct-to-consumer (D2C) business for the quarter and year ended March 31, 2022.
During Q4 FY22, the business posted revenues of Rs. 29.5 crore compared to Rs. 22.6 crore in Q4 FY21, up by 31% YoY. For the fiscal year FY22, the direct-to-consumer business reported revenues of Rs. 123.8 crore compared to Rs. 64.9 crore in FY21, up by 91% YoY.
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, Renaissance is confident of its EBITDA margins showing an improving trend, going forward.
Shares of Renaissance Global Limited was last trading in BSE at Rs. 795.25 as compared to the previous close of Rs. 824.25. The total number of shares traded during the day was 18882 in over 1701 trades.
The stock hit an intraday high of Rs. 830.05 and intraday low of 790.00. The net turnover during the day was Rs. 15374684.00.