Renaissance Global announces quarterly update for Q2FY23

Renaissance Global Limited (Renaissance) a global branded jewellery player, has announced the quarterly update on its direct-to-consumer (D2C) business for the quarter ended September 30, 2022.

During Q2 FY23, our direct-to-consumer business posted revenues of ₹43.9 crores compared to ₹20.4 crores in Q2 FY22, registering a growth of 115%. For H1FY23, the direct to consumer business revenue was up by 86% to ₹84.6 as compared to ₹45.4 Crores in H1FY22. Based on our estimates of a quarter's contribution to annual sales, our annual revenue run rate is at ₹210.0 crores in H1 FY23 vs. actual FY22 revenues of ₹123.8 crores.

Source : Equity Bulls

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RenaissanceGlobal Jewellery QuarterlyUpdate DTC BusinessUpdate Q2FY23