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Earnings Call

Redtape Earnings Call: Key Takeaways

RedTape Limited reported FY26 revenue of ₹2,415 Cr (+19.6% YoY) and PAT of ₹244 Cr (+32.4% YoY), driven by an asset-light FOFO model and footwear dominance.

Why this was an Alfa AlertNot a filter event. Results and expansion plans are in line with strategic targets without a confirmed 10%+ beat over prior guidance.
Highlights
Revenue growthFY26 +19.6% YoY; Q4 +33.8% YoY
MarginsEBITDA margin 19.0%; PAT margin 9.6%
Demand visibilityStrong traction in Tier-2/3 cities and online
Management confidenceHigh; citing store maturity and operating leverage

Growth

FY26 revenue grew 19.6%; EBITDA margin expanded 151 bps to 19.0%. Q4FY26 saw 33.8% YoY revenue growth.

Outlook

Targets 200-250 new store openings in FY27; expanding into backpacks, luggage, and fragrances; scaling Ozark brand.

Risks

Gross margin declined 251 bps to 43.1% due to accounting changes in e-commerce; single-country sourcing concentration risks.

Source

Earnings Call filed with NSE, NSE: REDTAPE. Summary written with AI assistance from the document.

Read the document ↗

Redtape Ltd: key numbers

Share price
₹121.05
Market cap
₹6,692 Cr
Revenue (annual)
₹2,419 Cr
Net profit (annual)
₹240.6 Cr
P/E (TTM)
27.1×Sector 67.6×
Promoter holding
71.83%+0.00% QoQ
FII holding
3.21%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Price Movement Clarification

Redtape Price Movement Clarification

Redtape replied to NSE's spurt-in-volume query, stating no undisclosed information drives the price move. It attributed the volume rise to prevailing market conditions and market-driven factors.