Gems & Jewellery company Renaissance Global announced Q1FY27 results Consolidated Financial Highlights: Revenue from Operations: The company reported revenue of Rs 78,044.67 lakh in Q1FY27, representing a growth of 47.17% YoY from Rs 53,031.85 lakh in Q1FY26 and a marginal growth of 0.91% QoQ from Rs 77,340.70 lakh in Q4FY26. Total Income: Total income for Q1FY27 stood at Rs 78,921.63 lakh, up 47.54% YoY compared to Rs 53,492.68 lakh in Q1FY26 and up 2.15% QoQ from Rs 77,261.12 lakh in Q4FY26. Net Profit: The company posted a net profit of Rs 2,564.50 lakh for Q1FY27, reflecting a significant YoY growth of 288.76% from Rs 659.67 lakh in Q1FY26. However, on a QoQ basis, the net profit declined by 15.15% from Rs 3,022.22 lakh in Q4FY26. Total Comprehensive Income: Total comprehensive income for Q1FY27 was Rs 6,180.03 lakh, compared to Rs 2,025.12 lakh in Q1FY26 and Rs 1,269.71 lakh in Q4FY26. Full Year FY26 Performance: For the full financial year ended March 31, 2026 (FY26), the company achieved a total income of Rs 2,82,168.60 lakh and a net profit of Rs 9,026.20 lakh. Standalone Financial Highlights: Revenue from Operations: Standalone revenue for Q1FY27 was Rs 43,366.62 lakh, representing a YoY growth of 55.87% from Rs 27,822.67 lakh in Q1FY26 and a QoQ growth of 13.61% from Rs 38,170.10 lakh in Q4FY26. Total Income: Total income for Q1FY27 was Rs 43,507.76 lakh, up 55.35% YoY and 13.67% QoQ. Net Profit: The company reported a net profit of Rs 1,015.57 lakh for Q1FY27, compared to a net loss of Rs 590.11 lakh in Q1FY26. On a QoQ basis, net profit grew by 32.14% from Rs 768.54 lakh in Q4FY26. Total Comprehensive Income: Standalone total comprehensive income for Q1FY27 stood at Rs 2,662.15 lakh, compared to a loss of Rs 179.14 lakh in Q1FY26 and a loss of Rs 1,575.57 lakh in Q4FY26. Full Year FY26 Performance: For the full financial year FY26, the standalone total income was Rs 1,39,183.22 lakh with a net profit of Rs 1,260.27 lakh. Business Highlights: Segment Information: The company is primarily engaged in the business of 'Jewellery'. As per Ind AS 108, the company has identified this as its single reportable segment; therefore, no separate segment-wise results are reported. ESOP Schemes: During Q1FY27, the company granted 51,000 options and 43,000 options were exercised by and allotted to grantees under the RGL ESOP scheme 2021. As of June 30, 2026, 10,92,000 options are pending for exercise. Exceptional Items: The company previously reported exceptional expenses of Rs 1,197.40 lakh towards the closure of its Bhavnagar unit during the quarter ended June 30, 2025 (Q1FY26) and the full year ended March 31, 2026 (FY26). No such exceptional items were reported in Q1FY27. Management Appointments: The Board approved the re-appointment of Mr. Neville Tata as a Whole-time Director, designated as an Executive Director, for a period of 5 years. Commenting on the performance, Sumit Shah, Chairman and Global CEO of the company, stated, “Renaissance Global commenced FY27 with strong business momentum, supported by healthy growth, improved profitability and operating leverage. The performance during the quarter reflects disciplined execution and reinforces our confidence in the Company’s strategic transformation from a traditional jewellery manufacturer into a global, high-margin branded jewellery platform. Our portfolio of three differentiated direct-to-consumer brands—Jean Dousset, With Clarity and Enchanted Disney Fine Jewellery—provides us with a strong foundation to participate in the large and attractive global luxury jewellery market. Jean Dousset continues to be a key growth driver within our branded portfolio. Positioned at the premium end of the luxury lab-grown diamond jewellery market, the brand is being scaled through an integrated digital and physical retail strategy. Following the encouraging response to our New York store and the opening of our San Francisco location in July 2026, we currently operate three retail stores and intend to add another three to four locations during FY27. This expansion is expected to deepen our presence across key luxury markets in the United States and, over time, strengthen the contribution of the higher-margin D2C business to our revenue mix, profitability and earnings. WithClarity, our digital-first fine jewellery brand, continues to demonstrate strong momentum, supported by its established online platform, expanding customer reach and technology-led operating model. Enchanted Disney Fine Jewelry is also progressing well, benefiting from a renewed strategic focus and healthy growth across key channels. Alongside the expansion of our branded portfolio, working capital optimization and cash-flow generation remain important priorities for FY27. The initiatives underway are expected to deliver working capital improvements of approximately Rs 250 crore and generate cash flow from operations of more than Rs 300 crore during the year. These measures are expected to strengthen our balance sheet, improve capital efficiency and support a meaningful enhancement in return ratios. Looking ahead, we remain committed to achieving Rs 1,000 crore in D2C revenue by FY29, with an operating margin of at least 15% from the segment. As the contribution from our higher-margin branded businesses increases, we expect structural operating leverage to significantly expand our EBITDA and drive a multi-fold increase in the Company’s overall earnings. With a growing portfolio of global brands, a disciplined retail expansion strategy and a continued focus on cash-flow enhancement, we remain confident of delivering sustainable, profitable growth and creating long-term value for all our stakeholders.” Result PDF