Renaissance Global reports ~₹53 Crore Debt Reduction, on track to becoming Zero Net Debt

Renaissance Global Limited, a leading global player in branded fine jewelry manufacturing, has strengthened its financial position by reducing its gross debt by around ₹53 crores during the ongoing Q4 of FY 2025. This reduction will help the Company lower its interest expense and reflects the Company's disciplined financial strategy and robust capital management practices.

The Company had reported a lower Net Debt of Rs 188 crore as on 31 December, 2024 vs. Rs 311 crore at the same time last year.

Sumit Shah, Global CEO at Renaissance Global, remarked, "We are delighted to announce a reduction of our gross debt by ₹53 Crore during Q4 FY25. We will continue our endeavor towards consistent reduction of debt to reduce our borrowing costs and achieve our eventual goal of becoming a zero net debt company."

Looking ahead, Renaissance Global remains focused on further enhancing its financial position through ongoing operational improvements and strategic capital allocation. The company is committed to maintaining rigorous financial discipline and continuing to optimize its cost structure, ensuring it remains well-equipped to navigate evolving market conditions.

Source : Equity Bulls

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