Date: August 10, 2026

Financial Performance Summary (Standalone)

Q1 FY27 Key Financial Metrics:

| Metric | Value | YoY Growth |

| Revenue | ₹480 Cr | +3.7% |

| EBITDA | ₹101 Cr | +16.4% |

| PAT | ₹47 Cr | +19.4% |

| EBITDA Margin | 20.4% | +323 bps |

Operational Highlights

Retail Network as of June 30, 2026:

Store Network by Format:

  • Exclusive Mega Showroom (Online): 297 stores across 161 cities
  • Exclusive Showroom (Offline): 256 stores across 193 cities
  • Sports Outlet: 6 stores across 3 cities
  • Factory Shop: 11 stores across 9 cities
  • Shop in Shop (SIS): 132 stores across 61 cities
  • Total Stores: 702

Network Profile:

  • Geographic Reach: 330 cities across 20 states + 4 union territories
  • Total Retail Area: ~16.5 lakh sq. ft.
  • Store Model: Franchisee 70.5% | Company 29.5%
  • Store Type: High Street 97% | Malls 3%

Quarterly Business Updates

  • Portfolio Expansion: Completed Sprandi acquisition, expanding reach across 12 countries including India, Bangladesh, Nepal, Bhutan and Sri Lanka, strengthening sports footwear portfolio
  • E-commerce Strategy: Prioritized profitability by avoiding excessive marketplace-led discounting
  • Demand Trends: Core India retail business remained healthy with demand improving through the quarter
  • Pricing Strategy: Improved ASPs through product and category mix optimization without increasing MRPs

Management Commentary

Mr. Arvind Verma, Whole Time Director, stated: "RedTape delivered a strong Q1 FY27 performance, with our highest-ever Q1 profit in absolute terms, supported by healthy revenue growth, improving demand trends and disciplined execution across the business. We protected consumer value by keeping MRPs unchanged, maintained discipline in marketplace-led discounting, and continued to drive execution-led efficiencies.

The core India retail business remained healthy, and the addition of Sprandi strengthens our sports and athleisure portfolio while expanding the long-term growth opportunity for the brand. As we move through FY27, our focus remains on profitable growth, sharper retail and digital execution, and building RedTape as a stronger, more diversified consumer brand."

Outlook

The company remains focused on disciplined growth, sharper execution across retail and digital channels, continued operating efficiency and protection of its consumer value proposition. Supported by improving demand trends, a healthy retail network, stronger product and category mix, and the Sprandi acquisition, the Company believes it is well positioned to pursue profitable growth while continuing to strengthen its brand, channel mix and operating model through FY27.

Company Background

REDTAPE Limited is one of India's leading lifestyle brands offering footwear, apparel, and accessories for men, women, and children. The Company operates through a multi-brand portfolio including RedTape, Mode, Bond Street by RedTape, OZARK, and Sprandi. Headquartered in Noida, Uttar Pradesh, the company leverages an asset-light business model with strategic vendor partnerships.