Renaissance Global Limited
Renaissance Global Ltd (RGL) was incorporated in 1989 as Mayur Gems & Jewellery Exports Pvt Ltd. It is engaged in designing and manufacturing of jewellery in gold, silver, platinum, studded with polished diamonds, semi-precious and precious stones. It has manufacturing offices in Mumbai and Gujarat with subsidiaries in the US, UK, Middle East and Mainland China.
What Renaissance files
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Renaissance Global posted robust Q1 FY27 results: Revenue up 30.1% to ₹689.8 Cr and PAT surged 288.5% to ₹25.6 Cr. D2C brands drove growth, with Jean Dousset expanding to 7 stores by FY27-end. Company eyes ₹1,000 Cr D2C revenue by FY29.
Two promoter group members, Bhupen C. Shah and Pinky D. Shah, have withdrawn their reclassification request and will remain part of the Promoter Group. The Board accepted this. The company continues to pursue Amit C. Shah's reclassification to public.
RGL is restructuring internally to simplify its global corporate footprint and optimize holding structures. This move will make its US subsidiary, RFMI, a wholly-owned unit of another US subsidiary, RGBI, which will then be wholly-owned by RRL India.
Renaissance Global launched its 3rd Jean Dousset store in San Francisco, boosting its D2C network. Four more stores are planned, aiming for seven total. Each new store could yield ₹20-25 Cr revenue, supporting a target of ₹1,000 Cr D2C business.
Renaissance Global (RGL) states the precious metals import duty hike from ~6% to ~15% won't materially impact business. Its SEZ manufacturing is duty-exempt, and domestic sales are negligible (<1% of revenue).