| Revenue growth | Q2 -3.5% YoY; H1 flat at ₹955 Cr |
|---|---|
| Margins | Q2 EBITDA 18.9% (+204 bps); H1 19.9% (+220 bps) |
| Demand visibility | H2 festive/winter seasonally stronger; not quantified |
Growth
Q2 revenue -3.5% YoY; H1 flat. Gross margin +752 bps to 45.4%; Q2 PAT +27.3% to ₹36 Cr.
Outlook
No numeric guidance. Management expects disciplined growth and e-commerce aligned with profitability. Sprandi launch targeted end-November.
Risks
Big Billion Days shift from September to October pushed sales into Q3. Q2 seasonally softer; e-commerce down 21% YoY.
Last quarter's promises, checked
Partly delivered
- 150 stores FY27 (aspiration) → 87 by H1 (33+54), 58% (= PARTIAL)
- EBITDA margin stable ~20% → Q1 20.4%, H1 19.9%, Q2 18.9% (= PARTIAL)
Missed
- Sprandi launch by end-Sep → now targeted end-Nov (= MISS)
- E-com back to ~30% of revenue (Q1 22%), dip called 'one-off' → Q2 e-com -21% YoY (= MISS)
- Growth 'same as last 3-4 yrs' (Q1 +3.7%) → Q2 -3.5%, H1 flat (= MISS)
Investor Presentation filed with BSE, NSE: REDTAPE. Summary written with AI assistance from the document.
Redtape Ltd: key numbers
- Share price
- ₹106.20
- Market cap
- ₹5,871 Cr
- Revenue (annual)
- ₹2,419 Cr
- Net profit (annual)
- ₹240.6 Cr
- P/E (TTM)
- 23.1×Sector 63.3×
- Promoter holding
- 71.83%+0.00% QoQ
- FII holding
- 3.02%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Redtape Ltd
All →Redtape Results Update
RedTape's Q2 FY27 standalone revenue fell 3.5% YoY to ₹474 Cr, while EBITDA rose 8.2% and PAT 27.3%. Big Billion Days sales shifted into Q3.
Redtape Financial Results
Redtape's board approved unaudited Q2 and half-year results ending September 30, 2026. The auditor's review flags a pending income-tax search as an emphasis of matter.
Redtape Board Meeting Date
Redtape Ltd intimated BSE that its Board will meet on November 4, 2026 to consider Q2 and half-year results ended September 30, 2026. The notice also reiterates the trading window closure from October 1, 2026.
Redtape Other Announcement
Redtape Ltd has filed the required quarterly certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018, confirming dematerialization details for the quarter ended September 30, 2026.
Redtape Other Announcement
Redtape Limited confirmed compliance with SEBI LODR Regulations 6(1) and 7(1) for the quarter ended September 30, 2026.
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.