Gems & Jewellery company Renaissance Global announced Q2FY25 results Q2FY25 Financial Highlights: Total Income from continuing operations stood at Rs 391.6 crore vs Rs 379.8 crore. Licensed Brands (B2B + D2C) Jewellery business revenues grew by 2.5% to Rs 56.7 crore. Our Brands (Direct-to-Consumer) business revenues up 7.3% to Rs 41.9 crore. Adjusted EBITDA from continuing operations stood at Rs 40.4 crore as against Rs 28.4 crore, up by 42%. Adjusted EBITDA Margins stood at 10.3% as against 7.5%, up by 284 bps. Adjusted PAT up by 50% to Rs 15.7 crore as against Rs 10.5 crore. H1FY25 Financial Highlights: Total Income from continuing operations stood at Rs 763.6 crore vs Rs.782.8 crore. Licensed Brand Jewellery business revenues up 15.4% to Rs 145 crore. Our Brands (Direct-to-Consumer) business revenues up 18.5% to Rs 91.9 crore. Adjusted EBITDA at Rs 79.4 crore as against Rs 60.3 crore, up by 31.8%. Adjusted EBITDA Margins stood at 10.4% as against 7.7%, up by 271 bps. Adjusted PAT stood at Rs 31.4 crore as against Rs 24.7 crore, up by 27.1%. Sumit Shah, Chairman and Global CEO, Renaissance Global, said: "We are pleased to report a stable performance during the quarter with revenues and adjusted EBIDTA growing over Q2FY24 by 3.1% and 42.2% respectively from continuing operations. Our efforts towards improving margins have led to our adjusted EBITDA margin reaching 10.3% in Q2FY25. This has been made possible through a combination of increased gross margins and strategically re-aligning our cost structure based on current capacity needs. In keeping with our focus on Branded jewellery, we recently tested the Enchanted Star collection with a major retail partner in the US. This collection is an extension of our largest and most successful Enchanted Disney Fine Jewelry brand into the lab grown diamond space. This collection features marquee engagement ring designs and trendy fashion jewelry pieces and I am pleased to share that initial signs of this test are very promising. We believe this collection has the potential to add meaningful revenues to the Licensed brands business in the coming quarters. Additionally, we announced the launch of Renaei, our new fashion jewellery D2C brand, set to debut on Amazon in the United States. Positioned strategically within the high-growth fashion jewelry segment, Renaei will cater to Millennial and Gen Z consumers. I am also pleased to announce that we are undertaking a fresh issue of shares on a preferential basis with a target of raising around ?168 crore, which will help strengthen the balance sheet and enable the Company to undertake strategic acquisitions and invest in modernizing our manufacturing infrastructure. We look forward to seeing the benefits of the above steps in stronger financial results in the coming quarters.” Result PDF