RENAISSANCE GLOBAL LTD

Jewellery maker and retailer with a growing US direct-to-consumer luxury brand called Jean Dousset. The company reported FY26 consolidated revenue of ₹2,81,303 Lakhs, of which revenue excluding bullion grew 29% YoY to ₹2,572 crore, with the US D2C business contributing ₹275 crore (up 44% YoY) at an EBITDA margin of 12.6%. The business sells luxury bridal and fashion jewellery through Jean Dousset stores to US consumers, alongside other jewellery and bullion operations. The company has opened three Jean Dousset stores so far — including a new San Francisco location in July 2026 — and plans to add stores in Washington DC, Boston, Chicago, and Dallas, taking the network to seven by FY27 end, with each store expected to generate ₹20-25 crore in annual revenue once fully operational. Materials are the single largest cost at 21.8% of revenue, followed by other operating expenses at 14.8% and employee costs at 3.6%. The company closed its Bhavnagar unit during the year (recording a ₹1,197.40 Lakhs exceptional charge), reduced gross debt by approximately ₹123 crore in Q4 FY26, and did not declare a dividend for FY26, citing Jean Dousset expansion, potential acquisitions, and debt reduction as priorities.