Select Your Language

RENAISSANCE JEWELLERY LTD.


Renaissance Jewellery makes and sells studded precious jewellery to international retailers; it also has a small domestic presence through a retailing venture. Over 95 per cent of its revenues originate from the US.
The company operates three jewellery manufacturing units located in SEEPZ and Bhavnagar. Studded jewellery exports offer higher scope for value-addition and margins compared to the export of cut and polished diamonds, which is the predominant business for many of the Indian gem/jewellery exporters. A decade-long presence in this business and a good design pipeline have helped Renaissance establish strong relationship with key clients and steadily scale up its revenues and profits over the past few years.

Sales rise 23.22% to Rs. 248.19 crore

Net profit of Renaissance Jewellery rose 15.48% to Rs. 13.43 crore in the quarter ended December 2010 as against Rs. 11.63 crore during the previous quarter ended December 2009. Sales rose 23.22% to Rs. 248.19 crore in the quarter ended December 2010 as against Rs. 201.42 crore during the previous quarter ended December 2009.

Investors can watch this stock and can accumulate and hold it for 2-3 months for 10 -20 % returns.