Highlights: Revenues from operations stood at Rs. 4,771 million Direct-to-Consumer business revenues up 128% to Rs. 204 million EBITDA stood at Rs. 538 million, with margins at 11.3% PAT improves to Rs. 283 million Q2 FY22 performance overview compared with Q2 FY21 Revenues from operations stood at Rs. 4,771.0 million from Rs. 5,228.7 million On a like-to-like basis*, revenue growth stood at 6% YoY Branded Jewellery business revenues up 3% to Rs. 950.4 million Direct-to-Consumer business revenues up 128% to Rs. 203.6 million EBITDA at Rs. 538.4 million as against Rs. 442.3 million, up by 22% EBITDA Margins stood at 11.3% as against 8.3%, higher by 295 bps PAT, after discontinued operations, stood at Rs. 282.9 million as against Rs. 192.6 million, higher by 47% H1 FY22 performance overview compared with H1 FY21 Revenues from operations stood at Rs. 8,865.9 million from Rs. 7,084.3 million, higher by 25% On a like-to-like basis*, revenue growth stood at 42% YoY Branded Jewellery business revenues up 48% to Rs. 1,865.4 million Direct-to-Consumer business revenues up 209% to Rs. 453.2 million EBITDA at Rs. 951.8 million as against Rs. 330.8 million, up by 188% EBITDA Margins stood at 10.6% as against 4.6%, higher by 602 bps. PAT, after discontinued operations, stood at Rs. 520.4 million as against Rs. 12.5 million Commenting on the performance for Q2 & H1 FY22, Mr. Sumit Shah – Vice Chairman and Global CEO, Renaissance Global Limited said, “We are pleased to share that we have reported an encouraging performance in the second quarter of the fiscal, with Q2 revenues higher by 6% and PAT growth up by 24% (growth rates on a restated basis after adjusting for plain gold revenues), YoY and H1 revenues higher by 42% and PAT up by 9.5 times YoY. The growth was primarily driven by improved contribution from our high-margin branded jewellery segment, as well as robust YoY growth in our direct-to-consumer business. In the quarter, we saw strong recovery in consumption across our key global markets in North America and Europe, which further assisted performance. Our global branded business is a key strategic growth focus area for us. In order to strengthen this segment, we have recently established a Strategic Advisory Board comprising three renowned executives with diverse industry experience. This Board will be working closely with our leadership team, offering direction and guidance at key stages of our future projects, steering Renaissance towards the next phase of stronger and sustainable growth. During the quarter, we also announced the acquisition of Everyday Elegance jewellery. This transaction is in-sync with our strategy to expand our presence in the global Branded Jewellery space. Our long-term strategy is to efficiently grow our branded jewellery business across key international markets. Through our strategic licensing model, we have partnered with global iconic brands such as Hallmark and Disney. Our endeavor is to extend this model across newer brands, which will further fortify our position in the global branded jewellery industry. Within this segment, our Direct-to-Consumer business is an exciting growth prospect. In the last 15 months, we have launched six direct-to-consumer websites and are pleased to share that these channels have received excellent consumer response. We will be further augmenting our D2C portfolio in the coming months with the launch of additional websites. Overall, we are confident of our growth potential and the opportunities across our key geographies in North America, Europe, China, and other international markets.” Result PDF