Renaissance Global Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Renaissance Global's Q2 FY26 earnings call highlights strong operational delivery. Revenues grew nearly 40% YoY, though Q2 sales included 70-80 Cr bullion sales to UAE impacting gross margins. Excluding this, adjusted EBITDA margin was ~9%. Direct-to-consumer (D2C) business surged 43% YoY, with US D2C up 60%, targeting 305 Cr FY26 revenue. PBT rose 69% to 23.7 Cr; PAT increased 80% to 20 Cr. Cost savings are on track for 40 Cr+ annually, accelerating to 60 Cr. A new Jean Dousset store opened in NYC, with more planned. Management is confident in D2C-led growth, efficiency focus, and debt reduction. The outlook is positive.