Renaissance Global share price today

Renaissance Global Ltd's share price was ₹145.75 at the close on 6 November 2026. It has been rising for 12 weeks. That is 11.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹93 and ₹167, and at that close it sat 71% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Renaissance Global Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 25 weeks in a row.

Over the last 11 years the share price moved +478% while the NIFTY 500 moved +243%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: lowest operating margin in 16 quarters, revenue up on a year earlier for 5 quarters in a row and profit up on a year earlier for 4 quarters in a row.

1. Lowest operating margin in 16 quarters

   Operating margin was 5% in the June 2026 quarter, against 7% a year earlier.

   Why: Margins fell because the company left some low return customer brand business and paid costs linked to those exits.

   Next results: check whether the licensed brand business becomes more profitable as the Disney focus grows.

   From the earnings call on 10 Aug 2026.

2. Revenue up on a year earlier for 5 quarters in a row

   In the June 2026 quarter revenue was ₹780 crore, +47.2% on a year earlier.

   Why: Revenue rose because sales excluding bullion, the metal trading part, grew 30% from a year earlier.

   Next results: check whether revenue slows as stock held by partners is sold down.

   From the earnings call on 10 Aug 2026.

3. Profit up on a year earlier for 4 quarters in a row

   In the June 2026 quarter profit was ₹26 crore, +271.4% on a year earlier.

   Why: Profit rose because last year's number included a one time cost to reorganize the business, and profit before one off items also improved.

   Next results: check whether profit holds as stock held by partners is sold down and customer brand revenue slows.

   From the earnings call on 10 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Renaissance Global reported revenue of ₹780 crore, up 47.2% from ₹530 crore a year earlier, and a profit of ₹26.0 crore, up 271.4% from ₹7.00 crore.

Renaissance Global results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Renaissance Global's management discussed these results on a call held on 10 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Renaissance Global closed at ₹145.75 on 6 November 2026, up 10.0% from ₹132.49 a year earlier (7 November 2025) and down 24.4% over five years. Its highest weekly close since April 2016 was ₹200.27 on 4 February 2022.

Renaissance Global share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

560 weekly closes from 1 April 2016 to 6 November 2026.

6 Nov 2026: Renaissance Global closed at ₹145.75, up 6.2% on the week and down 9.3% on the month. Our read, 22 Aug 2026: Renaissance Global is pivoting from low-margin wholesale jewelry exporting to high-margin direct-to-consumer lab-grown diamond retail, driving capital release and return-ratio expansion.

Earlier

• 10 Aug 2026: Renaissance Global held its results call for April to June 2026. Management guided: FY27 working-capital improvement approximately ₹250 crore and CFO above ₹300 crore; net debt expected meaningfully lower than a year earlier.
• Results for April to June 2026: Revenue up 47.2% and profit up 271.4% on a year earlier.

Our read of the business

April to June 2026: Bottom-line expands 271% on a year earlier as owned brands grow 29% and customer pruning begins.

Our read after the April to June 2026 results, written 22 August 2026.

Renaissance Global paid no dividend in the 12 months to 7 November 2026. The last was a dividend of ₹3 a share, ex-date 19 July 2022.

Renaissance Global dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Not in its latest year. Renaissance Global Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 5 of its last 13 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 7 November 2026.

On the call for April to June 2026, held on 10 August 2026, Renaissance Global's management guided: FY27 working-capital improvement approximately ₹250 crore and CFO above ₹300 crore; net debt expected meaningfully lower than a year earlier.

“Our expectation is that the bottom line should grow by more than 30% for the year.”Sumit Shah, Chairman & Global CEO, on the call for April to June 2026

What management guided

• FY27 bottom-line growth above 30% despite planned customer-brand exits.
• Customer-brand revenue reduction ₹300-400 crore annualized, reaching approximately ₹400 crore lower run-rate by year-end.
• Licensed-brand revenue to grow and profitability to recover to 14-15% as Disney focus scales.
• D2C revenue combines own-brand and licensed D2C: current-year base about ₹500 crore, comprising ₹375 crore own and ₹125 crore licensed, scaling to approximately ₹1,000 crore by FY29.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 10 August 2026.

The changes showing up in Renaissance Global's own numbers are a bigger market to serve. It is too early to say whether they last.

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Checked against results and calls up to April to June 2026, 10 October 2026.

Failure to convert working capital into at least ₹200 crore of operating cash flow in FY27 or deceleration of Jean Dousset store-level revenue below ₹20 crore annually.

Each change stops working if

• Jean Dousset Luxury Boutique Network Expansion: New store openings fail to replicate the New York flagship sales velocity or average order value declines below $6,000.
• Direct-to-Consumer Platform Scale and Digital Leverage: Customer acquisition costs in US digital jewelry channels rise faster than average order value expansion.
• Manufacturing Realignment and Fixed Overhead Savings: UAE production costs exceed domestic Indian benchmarks by more than the modeled 1% tariff avoidance buffer.

The main risks

• Working Capital Absorption and Delayed Cash Conversion: Cumulative 3-year operating cash flow of ₹16 crore lagged reported net profit of ₹238 crore. ⚠ estimate
• US Import Tariff Exposure and Subcontracting Cost Inflation: Tariff mitigation via UAE manufacturing creates operational friction and 1% cost dilution. ⚠ estimate
• Lab-Grown Diamond Price Deflation: Rapid decline in polished lab-grown diamond prices could pressure wholesale inventory values. ⚠ estimate
• Management Guidance Credibility and Disclosure Shifts: Unreconciled guidance increases and communication shifts on debtor days warrant ongoing scrutiny. ⚠ estimate

Our read after the April to June 2026 results, written 22 August 2026.

When Renaissance Global reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Core sales (excluding bullion) for the Sep 2026 quarter still grow at least 15% year on year with operating profit above ₹41 crore.

Renaissance Global is on 2 of our India lists: Multibagger study list and Undervalued stocks.

Renaissance Global Ltd earned ₹26.0 Cr of net profit in the Jun 2026 quarter, +271.4% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹90.0 Cr. Over 10 years profit has grown 6.7% a year on average. That is 3.3% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹7.0 Cr.

For the full year, FY26 profit was ₹90.0 Cr (+21.6% on the year before).

Why profit moved: revenue changed +47.2% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +105.3% and revenue +41.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY26-Q4. revenue ₹773 Cr and profit ₹30 Cr as reported.

FY27-Q1. revenue ₹780 Cr and profit ₹26 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Renaissance Global Ltd reported ₹780 Cr of revenue in the Jun 2026 quarter, +47.2% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 7.9% a year on average. The last full year, FY26, came in at ₹2,813 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹3,062 Cr.

FY26 revenue was ₹2,813 Cr, +35.2% on the year before.

Recent pace: the last four quarters grew +41.4% on average, against 7.9% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +41.4%, against +21.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +67.7%, against +21.4% a year (accelerating).

FY26-Q4. revenue ₹773 Cr and profit ₹30 Cr as reported.

FY27-Q1. revenue ₹780 Cr and profit ₹26 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Renaissance Global Ltd's operating margin was 5.0% in the Jun 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 3.6% and 8.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.6 percentage points on the year while gross margin changed −6.5 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

FY26-Q4. revenue ₹773 Cr and profit ₹30 Cr as reported.

FY27-Q1. revenue ₹780 Cr and profit ₹26 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Over the last 3 years, 8% of Renaissance Global Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹54.0 Cr of operating cash against ₹90.0 Cr of profit. After ₹37.0 Cr of spending on assets, ₹17.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Why this happened. Management is deliberately shedding low-margin, consignment-heavy customer-brand business where capital cost exceeds generated EBITDA. Liquidating customer-specific consignment inventory and collecting outstanding receivables is guided to release approximately Rs 250 crore in working capital, driving FY27 operating cash flow above Rs 300 crore and cutting net debt toward zero.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 8% of profit came in as cash: the cash cycle got 25 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 25 days longer. The next section looks at where the cash is stuck.

Renaissance Global Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 249 days in FY26, up from 224 days in FY21. It spent ₹143 Cr on assets over the last 3 years. Customers take 109 days to pay, and stock sits for 164 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. Jean Dousset represents the luxury vanguard in lab-grown diamond bridal and fine jewelry. Each store requires approximately Rs 6 crore in capital expenditure including inventory, generating Rs 25-35 crore in annual revenue with store-level margins of 25-33% and EBITDA contribution of Rs 8-10 crore. The New York flagship achieved profitability within three months of opening, confirming rapid payback dynamics under twelve months.

At FY26 sales of ₹2,813 Cr, each day of that cycle ties up about ₹7.7 Cr, so roughly ₹1,919 Cr is tied up in the business at any time.

FY26: customers took 109 days to pay and stock sat for 164 days, about 5.4 months of sales sitting as stock, for a full cycle of 249 days, longer than FY21's 224.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 164 days. Customers pay about 109 days after that. Suppliers are paid at 24 days. Together that makes the 249-day cycle.

Spending on assets: ₹143 Cr over the last 3 years, against ₹93.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Renaissance Global Ltd's P/E is 14.3×, near the high end of its own history: higher than 71% of past readings. Its usual P/E (the middle reading) is 10.3×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.