Renaissance Global (RGL) reports impressive Q3 financial performance with net profit surging 36% to ₹33.20 crore. The jewellery company highlighted significant strategic shifts, including a strong move towards direct-to-consumer (D2C) and branded segments. D2C revenue grew 37.5% year-on-year, reaching ₹91 crore, demonstrating robust consumer engagement. Total income also jumped 35.6% to ₹965.28 crore, reflecting the company's effective transformation strategy. CEO Sumit Shah emphasized the company's evolution from a low-margin B2B exporter to a consumer-centric luxury platform. Notably, owned brand revenue has expanded sevenfold in three years, with improving margins and capital efficiency. The company's cost reduction program targeting ₹40-50 crore annual savings is already showing positive results.
Post from MarketNews_en
Log in to interact with content.