Renaissance Global reduces its Debt by ~₹93 Crore During Q4 FY25, strengthens Financial Flexibility

Renaissance Global Limited, a leading global player in branded fine jewelry, has paid down its debt by approximately ₹93 crores during Q4 FY25. This deleveraging underscores the company's commitment to reducing its debt & reducing its financing costs over the long term.

During Q4 FY25, Renaissance Global acquired a strategic stake in Jean Dousset LLC, a U.S.-based luxury jewelry brand known for its design innovation and direct-to-consumer positioning. As part of the transaction, debt of approximately ₹6 crores was added to the company's consolidated financials. Consequently, while the headline gross debt reduction for the quarter stands at approximately ₹93 crores, the net effective debt reduction is around ₹88 crores after accounting for the debt assumed through the Jean Dousset acquisition.

Sumit Shah, Global CEO at Renaissance Global, remarked, "Reducing our debt by ₹93 crore reflects the outcome of prudent capital management and our strategic commitment to fiscal discipline. Over the past year, we have consciously focused on streamlining operations, optimizing working capital, and reinvesting cash flows with intent and responsibility. This enhanced financial flexibility equips us to pursue highpotential growth initiatives in our key markets while continuing to invest in innovation, digital transformation, and brand building."

Looking ahead, Renaissance Global remains steadfast in its mission to grow responsibly. The management's capital allocation strategy is rooted in balancing growth with financial prudence.

Source : Equity Bulls

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