Renaissance Global Ltd Q4 revenue jumps 124 percent to Rs 66 crore

By

Maverick Martins

Published
Apr 3, 2023

Renaissance Global Limited, a global branded jewellery player witnessed a 124 percent jump in revenue from its direct-to-consumer (D2C) business to Rs 66 crore ($8 million) for the quarter ended March 31, as against a revenue of Rs 30 crore in the year-ago period.

For the financial year 2023, business revenue was up by 93 percent to Rs 239 crore as compared to Rs 124 crores, the company said in its quarterly update.

“The annual revenue for FY23 has improved to Rs 239 crore from Rs 225 crore reported annual run rate in Q3 & 9M FY23, further improving our 2-year D2C revenue CAGR to 92 percent,” it added.

Renaissance Global Limited designs, manufactures, and supplies branded jewellery. It has licensing agreements with large global brands, such as Disney, Hallmark, NFL apart from its own brands like Irasva, and Jewelili.

Renaissance sells its products through its dedicate online stores across the globe.