Renaissance Global Limited - Direct-to-Consumer Business Update

Renaissance Global Limited (RGL) has announced that the direct-toconsumer business through its newly launched websites completed one year of operations in Q4 FY21. During Q4 FY21, all its websites together posted revenues of Rs. 22 crores while for FY21 our direct-to-consumer revenues stood at Rs. 65 crores. Based on the estimates of a quarter's contribution to annual sales, the annual revenue run rate has grown at 380% to reach Rs. 115 crores in Q4 FY21 vs. Rs. 24 crores in Q1 FY21.

The Direct-to-consumer business is a high EBITDA margin business with margins in the range of 20-22%. With the growing share of its direct-to-consumer revenues to total revenues, the company believes EBITDA margins will show an improving trend. The company plans to strengthen its direct-to-consumer business further with the launch of websites for Hallmark Diamonds and Disney Jewels in FY22.

Shares of RENAISSANCE GLOBAL LTD. was last trading in BSE at Rs.387.15 as compared to the previous close of Rs. 322.65. The total number of shares traded during the day was 29619 in over 2656 trades.

The stock hit an intraday high of Rs. 387.15 and intraday low of 324.95. The net turnover during the day was Rs. 10971597.

Source : Equity Bulls

Keywords