Debt Down, Confidence Up: Renaissance Global Reduces ₹530 Million in Q4, Aims for Zero-Debt Future

Renaissance Global Ltd, the world jewelry giant, has taken a decisive step towards further financial fortification by lowering gross debt by ₹530 million (₹53 crore) in the fourth quarter of FY25. The strategic cut is part of the company's continued focus on responsible capital management and operational excellence.

 

Highlights:

 

The net debt of the company currently is at ₹1.88 billion as of December 31, 2024, down significantly from ₹3.11 billion as of the last year, indicative of strong movement towards its target of zero net debt.

 

CEO Sumit Shah reaffirmed the focus of the company to reduce borrowing costs and reaffirmed its intent to become debt-free, asserting, "We will continue our endeavor towards consistent reduction of debt to reduce our borrowing costs and achieve our eventual goal of becoming a zero net debt company."

 

The reduction of debt has met with the appreciation of the market, as shares of Renaissance Global went up by 2.44% to ₹117.35 after the news.

 

The firm continues to grow its international presence, distributing branded and licensed jewelry in key markets such as the US, UK, Canada, and Asia, and through both B2B and D2C platforms.

 

Even as consolidated net profit fell 12.9% to ₹243.2 million in Q3, net sales increased 8.3% year-on-year, reflecting strong operational performance and resilient demand.

 

Renaissance Global's aggressive financial strategy sets it up for long-term growth and increased investor confidence.

 

Source: Business Standard, MarketScreener, JM Financial Services