Renaissance Global Limited – T2 FY22 Direct to Consumer Business Update
Renaissance Global Limited currently operates six direct-to-consumer websites that have been launched in the past six quarters. Please find a link to each of our six websites below:
In the second quarter of FY22, our direct to consumer sales business recorded revenues of â¹ 20.4 crore compared to â¹ 8.9 crore in the second quarter of FY21, growing by 129%. Q2 FY22 revenue was lower than Q1 FY22 as Mother’s Day fell in Q1 FY22 and there were no major sales opportunities in Q2 FY22. Based on our estimates of a quarter’s contribution to annual sales, our annual turnover rate is â¹ 122.5 crore in the first half of FY22 against FY21 actual income of â¹ 64.9 crore.
The Direct to consumer sales activity is an activity with a high EBITDA margin with margins of around 20 to 22%. With the growing share of our direct-to-consumer revenue in total revenue, we believe our EBITDA margins will show an improving trend. We also plan to strengthen our direct-to-consumer sales business with the launch of websites for Disney Jewels in fiscal 22.
Renaissance Global Limited shares were last trading in the BSE at Rs. 790.70 from the previous close of Rs. 792.95. The total number of shares traded during the day was 12,167 in more than 689 trades.
The stock hit an intraday high of Rs. 806.00 and an intraday low of 790.00. The net turnover during the day was Rs. 9,685,278.00.
Renaissance Global Limited shares were last traded in NSE at Rs. 791.80 from the previous close of Rs. 797.30. The total number of shares traded during the day was 33,578 in more than 1,258 trades.
The stock hit an intraday high of Rs. 804.90 and an intraday low of 788.95. The total value traded during the day was Rs. 26,763,922.20.